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What was the philosophy of Nick Leeson’s boss in terms ofexperience and compensation of...

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Accounting

What was the philosophy of Nick Leeson’s boss in terms ofexperience and compensation of employees hired to assist Nick onthe trading floor. Why might this be a problem for BaringsBank?

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Nick Leeson initially was very successful in speculative trades making huge profits for Barings and ensuring his upward mobility Unfortunately Leeson lost his touch as his speculative range increased Leading up to 1995 he had been hiding losses from bad trades in a secret account Leeson was able to accomplish this because of a management flaw in Barings that    See Answer
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In: AccountingWhat was the philosophy of Nick Leeson’s boss in terms ofexperience and compensation of employees...What was the philosophy of Nick Leeson’s boss in terms ofexperience and compensation of employees hired to assist Nick onthe trading floor. Why might this be a problem for BaringsBank?

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