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Fabrice "Fabulous Fab" Tourre was basically Goldman's fall guy. Reasonably junior (in investment banking, VP is junior - analyst, associate, VP, director, MD) w

by FabHK 4y ago

Fabrice "Fabulous Fab" Tourre was basically Goldman's fall guy. Reasonably junior (in investment banking, VP is junior - analyst, associate, VP, director, MD) who had sent some stupid emails to his girlfriend ("The whole building is about to collapse anytime now. Only potential survivor, the fabulous Fab … standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!!!"). He was charged, but nobody else from GS, AFAIK. https://www.usatoday.com/story/money/business/2013/08/01/goldman-trader-fabrice-tourre-reaction/2609717/ https://www.usatoday.com/story/money/business/2013/08/01/gol... (I remember because he besmirched my good name :-)

anonu 4y ago
His crime was he wrote about it in company email... And the fact that he did so in bombastic terms (aka widows and orphans) was only fodder for the media. Remember, your corporate email is not yours. Especially at a financial services firm.