2008 Société Générale trading loss the bank's total market capitalization. Bank officials claim that Kerviel tried to conceal the activity by creating losing trades intentionally so as to offset his early gains. According to the BBC, Kerviel generated €1.4 billion in hidden profits by the end of 2007. His employers say they uncovered unauthorized trading traced to Kerviel on January 19, 2008. The bank then closed out these positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices, and losses attributed are estimated at €4.9 billion. The bank claimed Kerviel "had
The Teacher Who Was Not To Be of Music. In his letter Thommessen chastised Paus for his tonal music. A long monologue on why Paus has misunderstood everything about music ends with the words "I do not want any more verbal contact with you." At the time the opera monologue premiered, the "Teacher" in the monologue remained anonymous. The monologue played an important role in an extensive debate on musical aesthetics in the music journal "Ballade" in 2015, during which the formerly anonymous "Teacher" was revealed by Paus to be Olav Anton Thommessen. The Teacher Who Was Not To Be The Teacher Who Was Not To Be