January 25, 2008
It made Guru feel a lot better about losing £25 on the 2:10 from Warwick yesterday to hear about the antics of a certain Jerome Kerviel.
For while Yours Truly had to face up to a ticking off from the missus, Monsieur Kerviel had to take responsibility for kick-starting a global recession.
The French stock market trader reportedly lost £3.7bn for his employer, Societe Generale, with a series of unauthorised transactions over the past 12 months.
Now Guru has had a few losing streaks in his time – once backing both riders in a two-horse race only to watch them collide – but this takes some beating.
His year’s work cost his employer £3.7bn. The bank’s HR team would have been better off if it paid him to stay away from work… in an all-expenses-paid five star hotel in Barbados… burning a £10 note of company money every second. It would genuinely have been better off.
Guru is off to convince Mrs Guru of the merits of sending him to the Caribbean with a suitcase of sterling.
