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HR strategyRecruitment & retentionPre-employment screening

Leeson carefully…

by Personnel Today 20 Sep 2005
by Personnel Today 20 Sep 2005

Nick Leeson, who famously lost £830m in trading and was held responsible for the biggest financial scandal of the 20th century, claims HR can learn a lot from his experiences.

Employers must not lose sight of their workforce, the former employee of investment bank Barings warned.

“The thrust of everything at Barings was always ‘how much money are we going to make?’ Organisations need to focus more on the welfare of staff,” he told Personnel Today. “I don’t think any attention was paid to that.”

With 10 years of hindsight, Leeson said employers could draw important lessons from his experiences – especially from the psychological aspect of the way the stress affected him.

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Leeson said the change in his behaviour in the workplace was glaringly obvious, yet people ignored it for months. He never received any training, and there was never a proper employee-manager relationship in place at his Singapore base.

Go to www.personneltoday.com/31647.article to find out what HR can learn from Leeson


Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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