2008 Société Générale trading loss the bank. Kerviel joined the middle offices in the bank Société Générale in the summer of 2000, working in its compliance department. In 2005 he was promoted to the bank's Delta One products team in Paris where he was a junior trader. Société Générale’s Delta One business includes program trading, exchange-traded funds (ETFs), swaps, index and quantitative trading. Bank officials claim that throughout 2007, Kerviel had been trading profitably in anticipation of falling market prices; however, they have accused him of exceeding his authority to engage in unauthorized trades totaling as much as €49.9 billion, a figure far higher than
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