Sneaky Business applauds the brazen approach that Jerome Kerviel is taking towards his doomed career prospects. There aren't too many 31 year olds that can claim to have racked up losses of nearly $5B during their last year on the job. Most employees would quietly accept this kind of result as an inevitable black mark against their next performance appraisal. Not so Mr. Kerviel.
The Times of London today reported that our erstwhile French anti-hero is planning to sue SocGen, his former employer, over his dismissal. According to the Times: "…the rogue trader has launched court proceedings against Société Générale to contest his sacking for gross misconduct. Mr Kerviel claims his dismissal is unlawful because the bank has failed to prove he did anything wrong."
Bizarrely Mr. Kerviel's Clouseau-esque trading antics have won him a legion of adoring fans in his native France, where he is seen as "the Che Geuvera of France" who has laid low the imperialists.
We will continue to watch the case with interest.