The Worlds Biggest Loser.....

[Beach Hut]

Of money

http://news.bbc.co.uk/1/hi/business/7206270.stm

I give you Jeroume Kerviel who has lost his company a mere £3.7bn

 

[Frutos]

Did he invest in Pipex

 

[Beach Hut]

Did he invest in Pipex

If he did not very wisely

Sound similar to that other chap who bought down Barings bank

 

[Frutos]

If he did not very wisely

Sound similar to that other chap who bought down Barings bank

Nick Leeson, who now runs (or is at least involved in some way with) a football club in Ireland, Galway I believe.

 

[Marty McFly]

Billion = million million, no?

So it wasn't actually billions, but yes, still an awful lot of money.

 

[Bozza]

Slightly different league to Leeson.

I imagine he was just on the phone to Ocean Finance when he got busted.

 

[Bozza]

Billion = million million, no?

Not in modern short-scale usage, no.

 

[Beach Hut]

Amazingly the company appear to be able to take the hit as well.

 

[Lord Bracknell]

I was impressed with the BBC, inviting Leeson on to Radio Four to get all po-faced about Monsieur Kerviel.

Apparently he's a bad man who shouldn't have done it. Kerviel, that is.

 

[Nemesis]

He must have put a lot of it on Uncle S's betting tips....