What's French for Chutzpah?
The London Times is reporting that Jerome Kerviel plans on suing his employer Société Générale for wrongful discharge. Kerviel you might remember was the rogue trader accused of losing his bank €5 billion in one of the world’s biggest financial scandals.
The 31 year old trader was recently released on bail after 37 days in prison on charges of breach of trust, fabricating documents and illegally accessing computers. The gist of Mr. Kerviel’s claims is that the bank violated French employment law by failing to hold a face to face meeting with its employee prior to discharge. The bank says that would have been difficult because the conditions of Kerviel’s bail forbade him from in any way communicating or contacting his employers. Good point.
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