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
Trader Joe's Joe's quintupled the number of its stores between 1990 and 2001, and multiplied its profits by ten. "Supermarket News" estimated Trader Joe's sales for 2015 at $13 billion, and placed Trader Joe's 21st on the list of "SN's Top 75 Retailers for 2016." In February 2008, "BusinessWeek" reported that the company had the highest sales per square foot of any grocer in the United States. Two-and-a-half years later and in 2016, "Fortune" magazine estimated sales to be $1,750 in merchandise per square foot—more than double the sales generated by Whole Foods. In February 2016, due to customer feedback, Trader Joe's