You may link to my blog but if you want to copy my article to your own blog, please give the following credit: From "Ampers' Rants" at Thank you.

I have been over zealous with political comment lately so have now accepted the offer to assemble and write for two blogs on the WatchingUK website. The "Good News" blog is for items where we have benefited from the Brexit referendum vote and the "Bad News" blog is where others have tried to damage our chances of leaving the EU.

If you like what you see, why not subscribe to the blog? You can follow Ampers' Rants by adding your email address in the box below (right) Notifications are also shown in my Twitter account: AmpersUK.

Saturday, 17 September 2011

£1.3 billion Rogue Trader... heads should roll.

It is absolutely criminal if this Ghanian trader is the only one in the dock.

I am not saying he should get the book thrown at him but I do think his immediate manager should also be in the dock, and further more, I think every manager above his immediate manager - and I mean all up to and including the bank's UK CEO should be fired without any compensation.

Nobody is indispensable and until companies carry out this wholesale pruning, traders will continue to take advantage of the system.

Fire the line managers up to and including the CEO and not only will you be able to reward up and coming executives, but you will ensure that they never ever let this happen again.

But if you don't. please believe me, it will happen again. And again. And again.


No comments: