Saturday, September 17, 2011

The fall guy

It would be farcical if Kweku Adoboli goes on to become more infamous than Asamoah Gyan. He doesn't deserve the grief, definitely not in his native Ghana, and surely not in the world of financial services. He was likely just being rational (in the broadest possible sense) and ensuring that his bonus checks kept coming. If he was indeed getting away with it for the last 3 years, one must insist the authorities also jail the clowns who were his superiors. Bottomline - this is a colossal management failure.

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