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A Trade Summary: Kerviel As A Trade

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A Trade Summary: Kerviel As A Trade
Incentives/Pressures
Enhance and maintain reputation in the domain
Kerviel was to enhance his reputation as a trader since many did not recognise him as a trader due to he was located at the bottom of the company’s structure, this perception forced he to create a mindset to become a star trader. His earnings in the entity were not attracted by others if compared to those higher-flying traders. When he was recognised in the most prestigious trading area as one of the A-league traders, he was forced to had a good performance since his actions were probably drawn more attentions.
Increase the employment income being received
Kerviel’s year-end bonus will include those profit he has generated with conditions that the profits earned were not from speculate with the bank’s cash and the activity was recommended by his bosses, thus in order to increase his bonuses he chose to generated huge amount of profit by using unauthorised manners and concealed those fake trades.

Attitudes/Rationalizations
Excessive interest in generating the entity’s profit.
…show more content…
By placing bets on the market movements, Kerviel believed that he will achieve what he expected. He claimed that he did not hurt the bank or embezzle the entity’s funds and did not benefits from the one-way bet since his bosses informed him that his year-end bonus would not be computed in his salaries because he was disallowed to speculate with the bank’s money and was reprimanded by his bosses. Kerviel may require to resign due to this incident, which indicate that he will bear all those penalty after using disallowed manner which would benefit the entity’s

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