Friday, February 01, 2008

Civilized society not ready for Prime Time

Société Générale says wayward trader Jérôme Kerviel lost the bank $7.2 billion. But that was last week. He's now on his way to cult celebrity -- and he still hasn't lost his job.

Firing has never been easy in France, where on-the-spot dismissals à l'américaine are viewed as brutal and very un-French. "This is not like America or England. We have rules that protect employees, no matter what they do wrong," says Stéphane Boudin, a Paris lawyer specializing in labor disputes. $



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