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> Either the company lost $2B and is now pinning it on a 'rogue' trader or their security is flat out incompetent. Either way, all of the CxO positions should b

> Either the company lost $2B and is now pinning it on a 'rogue' trader or their security is flat out incompetent. Either way, all of the CxO positions should be tossed out. That's a good point. Let me ask a serious question. What if some rogue google employee some how changed the search index so image searches always returned porn. Should Larry Page be fired? Both situations are cases where "security is flat out incompentent" is this about the lack of accountability or is this strictly about the loss of money?

matwood 15y ago
I don't think those situations are analogous at all. Did the rogue trader lose $2B on a single action? This also isn't just about what the rogue trader did, but how long it took the bank to find out. Sure a rogue Google employee could change the index to only point at porn, but how long will that go unnoticed? I don't know Googles internal processes, but other than a select few people do they have relatively junior guys hot patching untested code directly into production? is this about the lack of accountability or is this strictly about the loss of money? It's about both really, and the amount of money is important. Stealing is stealing, but when implementing checks and balances I would assume they want to find situations that deviate too far from the norm. A million here or there in their type of business likely wouldn't have been noticed for awhile until a quarterly or yearly full audit had been done, but $2B? To me that shows hubris and incompetence, or compliance. Accountability comes into to play if the higher ups knew what was going on and let it fly because they had made or were hoping to make a lot of money off of the situation. It didn't pan out, so blame the trader and wash their hands of the it.
- chollida1 15y ago
  Thanks for the reply, all good points. To bad someone did a drive by downvote of a serious question:) > Accountability comes into to play if the higher ups knew what was going on and let it fly because they had made or were hoping to make a lot of money off of the situation. It didn't pan out, so blame the trader and wash their hands of the it. If this was the case, then I agree.
iskander 15y ago
>Let me ask a serious question. What if some rogue google employee some how changed the search index so image searches always returned porn. Given the multiple levels of security and review at Google, this would be nearly impossible. Even if accomplished, it would be almost immediately reversed. If Google ran such a sloppy operation that such changes were both possible and not easily reversed, then all higher ups really ought to be fired.

matwood 15y ago

I don't think those situations are analogous at all. Did the rogue trader lose $2B on a single action? This also isn't just about what the rogue trader did, but how long it took the bank to find out. Sure a rogue Google employee could change the index to only point at porn, but how long will that go unnoticed? I don't know Googles internal processes, but other than a select few people do they have relatively junior guys hot patching untested code directly into production? is this about the lack of accountability or is this strictly about the loss of money? It's about both really, and the amount of money is important. Stealing is stealing, but when implementing checks and balances I would assume they want to find situations that deviate too far from the norm. A million here or there in their type of business likely wouldn't have been noticed for awhile until a quarterly or yearly full audit had been done, but $2B? To me that shows hubris and incompetence, or compliance. Accountability comes into to play if the higher ups knew what was going on and let it fly because they had made or were hoping to make a lot of money off of the situation. It didn't pan out, so blame the trader and wash their hands of the it.

chollida1 15y ago
Thanks for the reply, all good points. To bad someone did a drive by downvote of a serious question:) > Accountability comes into to play if the higher ups knew what was going on and let it fly because they had made or were hoping to make a lot of money off of the situation. It didn't pan out, so blame the trader and wash their hands of the it. If this was the case, then I agree.

iskander 15y ago

>Let me ask a serious question. What if some rogue google employee some how changed the search index so image searches always returned porn. Given the multiple levels of security and review at Google, this would be nearly impossible. Even if accomplished, it would be almost immediately reversed. If Google ran such a sloppy operation that such changes were both possible and not easily reversed, then all higher ups really ought to be fired.