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Friday, September 16, 2011

A bonus for Adoboli?

In the next days, Mr. Adoboli will undoubtedly be portrayed as a villain by his former bosses and the press. Regardless of his role in this debacle, I wonder what would have happened if Adoboli had been right? He takes on unauthorized or un-scrutinized positions at the prop desk and he makes 2b in profits. I posed this question to my students who agreed that he would have gotten a promotion, big bonus and a genius status.
So the difference between villain and genius is random
I think they are right.

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