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Essay

The collapse of Barings

Essay specific features

 

Issue:

Business

 

Written by:

Velma P

 

Date added:

January 14, 2016

 

Level:

 

Grade:

B

 

No of pages / words:

4 / 1106

 

Was viewed:

5444 times

 

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Essay content:

Barings apparently has a risk-averse culture and it’s perceived as a financial institution of the highest standing. In spite of this culture, Leeson earns incredibly high bonuses even though he is clearly not risk adverse. He is not disciplined after one drunken incident. He is made head of trading, but at the same time he is retained as head of future and options settlements...
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In spite of this culture, Leeson earns incredibly high bonuses even though he is clearly not risk adverse. He is not disciplined after one drunken incident. He is made head of trading, but at the same time he is retained as head of future and options settlements. Leeson is not questioned too closely about what he was doing even though his requests of money from the London office are huge...
displayed 300 characters

General issues of this essay:
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