BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Chart Of The Day Jerome Kerviels Pl

Market Movers

by Felix Salmon
Main
When Economics is Relevant   Investment-Banking Bullshit Watch, Global Coordinator Edition

Recent Blog Posts

Links

Feb 20 2008 12:00am EDT

Chart of the Day: Jerome Kerviel's P&L

kerviel.jpg

Alea has found this amazing chart, showing Jerome Kerviel's real P&L at SocGen. The thing that fascinates me is that after a very bumpy ride indeed for most of the year, suddenly Kerviel's profit remains uncharacteristically and astonishingly static for essentially all of December. Kerviel's made his monster profit, and he's simply sitting on it. By sheerest coincidence, the bank then offers him a bonus of €300,000. The minute he starts a new year, he's off trading again, and immediately falls off a cliff. As Alea writes,

I am wondering why he should get a 300k bonus for a P&L officiel around 0.

. □

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More