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What the SocGen Mess Means for Your Company

The trading scandal raises all kinds of questions about management's responsibility for employees' actions for creating a culture that may encourage bad behavior

Posted on Letter from London:January 30, 2008 10:38 AM

Paris is awestruck and aghast. Jerome Kerviel, the 31-year-old trader denounced by Societe Generale last week for bringing the French bank to its knees with a Euro 4.9bn loss, is on course for a potentially stunning reversal of fortune. He is now in hiding with his lawyer, facing a bidding war for his story and rumours about which A-list actor might play him in the movie of his life.