The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
I'm reminded of Barings, and a swing through Japan and Singapore I made just before it all happened. I had a look around SIMEX and could not believe that the SIMEX audit people who went around and looked at members' accounts (including error accounts) had never even met the SIMEX people running the trading floor.
IMHO SIMEX got away scot-free: it could never have happened at IPE, and should never have happened there either.....I sent SIMEX a 3 page fax upon my return to the UK setting out my thoughts (and a couple of recommendations), which I really wish I had kept when I left IPE.
I dunno what Jerome will make of the divide you outline between Officers and Other Ranks.
But it was the same in the UK Civil Service and most other places. In the Bank of England you had the distinction between "Officers" and "Officials", and of course only one of them (I can't remember which)could ever ascend the higher ranks to dine at the "Golden Trough" (the dining arrangements for the top people: mind you the "Silver Trough" was pretty good). "The future is already here -- it's just not very evenly distributed" William Gibson
I remember a coworker admiring the swift career of the new head boss of the SGCIB, who was only 45. I told him that the guy was an X-Mine, and so that career was pretty normal. Un roi sans divertissement est un homme plein de misères
by Frank Schnittger - Jan 26
by Frank Schnittger - Jan 22 3 comments
by Cat - Jan 25 20 comments
by Oui - Jan 9 21 comments
by Frank Schnittger - Jan 13 28 comments
by gmoke - Jan 20
by Oui - Jan 15 90 comments
by gmoke - Jan 7 13 comments
by Oui - Jan 2728 comments
by Cat - Jan 2520 comments
by Frank Schnittger - Jan 223 comments
by Oui - Jan 2110 comments
by Oui - Jan 21
by Oui - Jan 20
by Oui - Jan 1839 comments
by Oui - Jan 1590 comments
by Oui - Jan 144 comments
by Frank Schnittger - Jan 1328 comments
by Oui - Jan 1215 comments
by Oui - Jan 1120 comments
by Oui - Jan 1031 comments
by Oui - Jan 921 comments
by NBBooks - Jan 810 comments
by Oui - Jan 717 comments
by gmoke - Jan 713 comments
by Oui - Jan 68 comments