Reader Poll: "It Moved" Guy Has A Question

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I need your help with something. Earlier this morning, I was informed of the following: "I just had coffee with someone who can't get a job because of an article you wrote." Now, despite what you may think, I have many sensitive bones in my body. If I were actually directly responsible for someone not being able to get a job, or suffering otherwise, I would agonize over this for days and probably even longer than that. I would also offer to do whatever I could to rectify the situation. So naturally initially freaked out and responded, "Who?? What happened??" It was at this time that I was informed that the person unable to get a job, allegedly because of me, "had worked at a prime brokerage and was named in a lawsuit regarding sexual harassment." For those of you with short memories, this is the guy who told a female colleague 1) "You should do what you're supposed to and lie on your back with your legs in the air," 2) "It moved," referring to the effect she had on his penis and 3) that he "shaved It for tonight," in advance of an outing with colleagues. So, this fellow has had some difficulty getting a new gig, not, he believes, because he's named in a lawsuit as a major legal liability, per se, but because I wrote a post based on said suit. And he would like to know if I will take down said post down.

So, what do you all think? Should we here at DB show some compassion to this smooth operator? Or should his one-liners remain available for all to see (which they will anyway, as the suit is online and written about in other venues but, you know, on DB)? There's only one fair way to figure this out this, so: vote now. Polls close at 4, at which time his fate will be decided.

Should the post come down?

a. Yes

b. No

c. Other (what?)


Reader Poll: What Is The Appropriate Way To Close A Letter Informing Your Employer You've Lost It A Couple Billion Dollars?

"Regards"? "Best wishes"? "Very yours truly"? "Sincerely"? "All the best"? "Love"? "Again, really sorry"? "Well I guess I'll take off now"? "It's been a pleasure working with you"? "TTYL"? "Keep in touch"? Kweku Adoboli, UBS's alleged rogue trader, who does sound genuinely sorry for the "shit storm" he brought on the bank, went with "thanks." Via the FT: “Dear Will It is with great stress that I write this mail. First of all the ETF [exchange traded funds] trades that you see on the ledger are not trades that I have done with a counterparty as I have previously described. I used the bookings as a way to suppress the PnL losses that I accrued through off book trades that I made. Those trades were previously profit making, became loss making as the market sold off aggressively through the aggressive sell-off days of July and early August. Initially, I had been short futures through June and those lost money when the first Greek confidence vote went through in mid June. In order to try and make the money back I flipped the trade long through the rally. Although I had a couple of opportunities to unwind the long trade for negligible loss, I did not move quickly enough for the market weakness on the back of the first back macro data and then an escalation eurozone crisis cost me the losses you will see when the ETF bookings are cancelled. The aim had been to try and make the money back before the September expiry date came through but I clearly failed. These are still live trades on the book that will need to be unwound. Namely a short position in DAX futures [which had been rolled to December expiry] and a short position in S&P500 futures that are due to expire on Friday. I have now left the office for the sake of discretion. I will need to come back in to discuss the positions and explain face to face, but for reasons that are obvious, I did not think it wise to stay on the desk this afternoon. I will expect that questions will be asked as to why nobody was aware of these trades. The reality is that I have maintained that these were EFP [exchange for physical] trades to the member of my team, BUC [the accounts department], trade support and John Di Bacco. I take responsibility for my actions and the shit storm that will now ensue. I am deeply sorry to have left this mess for everyone and to have put my bank and my colleagues at risk. Thanks, Kweku.” Transcript Of UBS Trader's 'Bombshell Email' [FT]