Who dares wins?

The first press release from someone seeking to benefit from the Soc Gen scandal has blessed our inbox...

Last Updated: 31 Aug 2010

Headlined 'Soc Gen fallout: Are your enthusiastic weekend staff making you money or costing you money?' it comes from Cheshire solicitors SAS Daniels. (SAS Daniels, according to its website 'is a new type of law firm which blends legal excellence with a modern approach and a "can do" attitude'. Just like the legendary Herefordshire regiment of the same name then, whose members can live off grubs and nettles for weeks and kill people with their bare hands.) 
'Jerome Kerviel is said to have "worked" Saturdays at Societe Generale in a near empty office', warns SAS’s press release ominously. 'And while his bosses either believed he was a hard worker or they didn’t know he was at his desk, it has been alleged that he was actually trying to recover lost cash or hide his actions.'

The pay-off message is a stern and timely: watch out, this could happen to you. Not losing five billion euros like Soc Gen but 'a few envelopes, bits of stationery, copier paper, and so on'. But it could get worse and even involve the weekend pilfering of 'wine or spirits from the boardroom'.

So what’s the answer? If you suspect any Kervielesque malfeasance of this type, 'It should not be tolerated, although the odd personal phone call is acceptable… at the slightest sign of dishonesty management should act: change locks and passwords; use technology to track the comings and goings of staff, what they’re doing online out of hours.' If only the bosses at Societe Generale had lhad such advice…

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Ranked: Britain's best-run companies

These are the businesses rated top by their peers for their quality of management.

Unconscious bias in action

Would you dislike someone just because they’re from the Forest of Dean?

I ran Iceland's central bank in 2009. Here's what I learned about crisis ...

And you thought your turnaround was tricky.

"It's easy to write a cheque you don't have to cash for 30 ...

But BP's new CEO has staked his legacy on going green.

AI opens up an ethical minefield for businesses

There will inevitably be unintended consequences from blindly adopting new technology.

The strange curse of No 11 Downing Street

As Sajid Javid has just discovered, “chancellors come and go… the Treasury endures forever”.