As of Sunday, September 25, 2011
© Copyright 2013
Albany Herald
UBS has UK police one of their traders as a “rogue trader.” He lost $2.3 billion (Bloomberg). I find that interesting. A different philosophy under the new portfolio manager and it may cost UBS investors their million-dollar bonuses.
What is interesting is the idea that they lost $2 billion and UBS wishing to isolate the trader. If he would have won $2 billion, they would have made him a partner. If he would have earned $2 trillion, the owners would have sold him the company.
More like this story
- 'Saggy pants' law unfairly targets males ( May 2, 2012 )
- Politicians not short of money ( October 10, 2012 )
- Government has always been in debt ( August 2, 2011 )
- Administration leaves open use of drones in U.S. ( April 4, 2013 )
- Obamacare, minimum wage complaints overblown ( March 15, 2013 )
