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Sacrebleu!

TrumpFar be it from me to blaspheme the French (not when I love their fries so much) but their employer/employee regulatory setup is for the frogs.

Today's Wall Street Journal has an article about Jerome Kerviel -- the rogue bank trader that misplaced $7.2 billion in January. That's billion with a "B". Stories are flying all over the internet about his exploits. Suffice to say he was caught in his web of lies. Truth of the matter is that he didn't rip off $7.2 billion. He engaged in shady trading and computer hacking trying to make his bank, Societe Generale, lots of money on various stock market exchanges. Some circles of global society are even heralding his actions as some sort of Robin Hood -- even though he didn't actually steal anything, much less redistribute the wealth. He "lost" wealth while acting illegally. No one is better off; that may be the worst part of all.

Anyway, here's the kicker:

Societe Generale can't just up and fire him.

According to the Journal, even though Kerviel was taken into custody and has essentially copped to the fraud, his employer is not allowed to tell him to pick up his things and hit the road.

From the Journal, "French law stipulates that to do that [fire Kerviel], the bank must first call him in for a sit-down meeting and explain its dissatisfaction. [Kerviel] has the right bring along a trade-union official, a lawyer or anyone else he'd like."

So, French law dictates that a rogue trader who lost $7.2 billion in shady and illegal behavior cannot be thrown out?

Me thinks Donald Trump has no plans on relocating to a country where "You're Fired!" is considered blasphemy.

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