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 The Teacher Who Was Not To Be The Teacher Who Was Not To Be () is an opera monologue by Marcus Paus and with a libretto by Olav Anton Thommessen from 2013. It premiered at the concert "Paus & Paus" (with works by Marcus Paus and Ole Paus) in the Atrium of the University of Oslo in connection with the Oslo Opera Festival on 12 October 2013, with renowned opera singer Knut Stiklestad in the role of the eponymous "Teacher." The monologue is based on a letter written by Olav Anton Thommessen to Marcus Paus in 2006, shortly after Paus