Archive for the ‘Generale’ tag
_468 x 60_20091205090514.jpg)
Jerome Kerviel Crushes Bank Societe Generale (Part8)
st0ckman.blogspot.com Jan. 29 (Bloomberg) — French President Nicolas Sarkozy said senior executives at Societe Generale SA should face “consequences” for the record loss that resulted from unauthorized trading at the bank. Sarkozy, 53, told reporters after a speech near Paris late yesterday that a share of the blame should be shouldered by the bank’s top managers, who include Chairman Daniel Bouton and Vice Chairman Philippe Citerne. “When someone is very highly paid, even when it’s …
