Different individuals should have been appointed to each position thereby providing more control. (Reserve bank of Australia bulletin, 1995 ) Leeson was allotted large amounts of responsibility at BSS even though he was relatively young , inexperienced and fresh to the company. He was directed to hire cheap local labour and the staff could be described as “young hungry and didn’t have a clue”...
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He was directed to hire cheap local labour and the staff could be described as “young hungry and didn’t have a clue”. (Rogue Trader, Movie) Both the staff on the trading floor and in the back office in Singapore was junior to Leeson and therefore simply obeyed his instructions. This was a cost cutting measure as Barings main objective was “the bottom line” (Rogue Trader, Movie)...
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