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According to ABC News, the company said Kervial "was responsible for basic futures hedging on European equity market indexes...That means he made bets on how the markets would perform at a future date." Bank chairman Daniel Bouton said Kerviel's motives were irrational, and the financial manipulations didn't earn him any money.
I'm no expert at bank robbing -- and I don't condone or encourage such felonious behavior -- but isn't robbing banks about getting the money? That's the trick, right? Otherwise, what's the point?
To give you some sense of scale, here is an actual photograph of a quarter of a billion dollars. Imagine twenty-eight times this much money, plus a little more. That's what we're talking about.
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