Jérôme Kerviel bank a profit of US$2 billion as of 2007. Managers for Société Générale have described some of the means Kerviel employed to avoid the bank's internal controls and escape detection. Its Executive Chairman Daniel Bouton describes the pattern as like "a mutating virus" in which hundreds of thousands of trades were hidden behind offsetting faked hedge trades. Officials say Kerviel was careful to close the trades in just two or three days, just before the trades' timed controls would trigger notice from the bank's internal control system, and Kerviel would then shift those older positions to newly initiated trades. City
Jérôme Kerviel paid a €300,000 bonus on a declared profit (approximately 0.5%). Family members speaking out say the bank is using Kerviel as a scapegoat to excuse its recent heavy losses. Kerviel was reporting to Eric Cordelle and Philippe Baboulin. Baboulin is now COO of Kepler Capital Markets Geneva. Cordelle has since launched a single malt whisky craft distillery. In answer to the rumors that Kerviel had fled Paris following the discovery of the unauthorised trading, on 2008 Kerviel's lawyer denied that he attempted to disappear and said he remained in Paris to face the accusations. Also on 24 January 2008, Société