Sunday 21 August 2011

£827 million

Does this figure ring any bells - it is the amount Nick Leeson 'lost' Barings bank in 1995. Wikipedia

Nick Leeson was sentenced to 6 and half years, but was released in 1999. Wikipedia

I guess some / many people (around the world) would have lost jobs, homes, families and even lives because of this.

Nick Leeson now works as an after dinner speaker, advising about risk management. Here is his website.

Is it any wonder banks went bust - when people like him advise them how to manage risk - or am I missing something?

Oh - I googled estimated cost of riots in England and came up with the figure of over £100 million. Here.


Hey - Nick wins by £727 million(ish). Did anyone question his morality?

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