English   Deutsch   Русский   中文    

UBS: No Guts, No Glory

Sep 15, 2011 by Joerg Resch

I just read that UBS is reporting some 2 Billion $$ damage from "unauthorized deals" one of their investment bankers made. 2 years after Kerviel / Société Generale. This is the hard way of learning things. The only thing that now might really help those who will be asked why somebody is able to do unauthorized deals and create 2 Billion Dollars loss: Get the latest album from Australian Hard Rock Band Airbourne: "NO GUTS NO GLORY", take a day off and listen to it. Or for immediate relief, have a look at their "NO WAY BUT THE HARD WAY" video. Great music.

Google+

top
Author info

Joerg Resch
Co-Founder & Managing Director
Profile | All posts
KuppingerCole Blog
By:
KuppingerCole Select
Register now for KuppingerCole Select and get your free 30-day access to a great selection of KuppingerCole research materials and to live trainings.
Register now
Spotlight
User Empowerment / Life Management
For most organizations, supporting user empowerment means simplified access to information and less friction by privacy discussions. Yes, the users can revoke access – but companies also might build far better relationships with customers and thus minimize that risk. There are compelling business cases today. And, in contrast to 2012, the world appears being ready for solutions that force user empowerment.
KuppingerCole Services
KuppingerCole offers clients a wide range of reports, consulting options and events enabling aimed at providing companies and organizations with a clear understanding of both technology and markets.
Links
 KuppingerCole News

 KuppingerCole on Facebook

 KuppingerCole on Twitter

 KuppingerCole on Google+

 KuppingerCole on YouTube

 KuppingerCole at LinkedIn

 Our group at LinkedIn

 Our group at Xing
Imprint       General Terms and Conditions       Terms of Use       Privacy policy
© 2003-2015 KuppingerCole