Monday, November 5, 2012

C.C. 3

In a recent post by Eric Pfieffer on Yahoo! News entitled "The Most Indebted Man In The World Owes Former Employer Billions" it tells how this man got in debt and how much exactly he owes.


The article says that the former employee, Jerome Kerviel, used "a sophisticated scheme of computer hacking and deceptive trades" to handle approxitmatly 73 billion in unadjusted dollors while working for the Societe Generale corporation. That was a pretty gutsy move that, unfortunatly for him, didn't turn out so good for Jerome.



The article also state that the amount he owes is 6.8 billion dollors. That much money, if they were assests, would make him one of the 50 richest people in america. I wonder what was going through his head when he decided to do this. Yea it's a lot of money but he will NEVER be able to pay this off in his lifetime


I'm pretty sure a person could look in a newspaper at any given time a see a story like this, maybe not on this scale but still. I understand that it's a lot of money, but is it really worth throwing you're life away?


I geuss the question we all have to ask ourselfs is, What would you do in that situation? Would you do your job, or would you steal the money?




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