A lot of things have been happening lately - banking recruitment, gargantuan write offs, American elections, FT MBA rankings, where both INSEAD and LBS gained ground, but the most fascinating story so far has been the rise and fall of Jerome Kerviel. The best thing is that the story is far from over.
Articles about him appear daily in New York Times, Wall Street Journal, the FT and the Economist. He is an unlikely hero in France. If he would have been succesfull in his trades, he would probably been promoted, and nothing would ever appear in the press (makes you wonder how much of that is currently going on). The fallout has uncovered lots of dirty secrets (and much more is coming). The burning question is how was it possible that NO ONE noticed the exposure, the profits and subsequently the losses.
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