The real problem is that when we disclose the size of our losses, the market — which is to say, our major institutional shareholders — will expect top management to take responsibility. That means me. They might even expect me to fall on my sword. I'm not a falling on my sword type. Why should I? I genuinely have very little understanding of anything that goes on here, so why expect me to take responsibility for it?' The fourth of David Charters' hilarious financial satires set in the City, Where Egos Dare charts Dave Hart's navigation through the 2008 credit crunch and ensuing economic crisis as Chairman of Grossbank, the largest investment bank in the world. When a rogue trader is found at the heart of Grossbank and the company loses millions of pounds, can Dave Hart take on a stockmarket in the middle of financial meltdown and win?
