ouch
"Are you sure you said 'one?' I swear I heard you say '610,000.'"
Thus, we surmise, began the very uncomfortable conversation earlier this week at Mizuho Securities Company in Japan, upon discovering that it accidentally offered to sell 610,000 shares of J-Com Co. for less than one penny per share -- when the client really meant to sell one share at 610,000 yen (about $5,000).
According to an article in the Los Angeles Times, a data input error at the financial services firm is behind the botched sell order. The typo cost the company 27 billion yen, or $225 million, and countless utterances of "moshiwake gozaimasen" (the most formal version of "I'm really, really, really, really sorry" in Japanese).
The mea culpas weren't enough to keep the Nikkei 225 index from dipping nearly 2%, or the Mizuho Financial Group from shrinking 3.4% to 890,000 yen (around $7,500 a share). The erroneous trade will likely eat up the company's $233 million worth of first-quarter profits as well.
Unfortunately, there are no do-overs for Mizuho: The Tokyo Stock Exchange will not reverse the transaction. (MFG traders probably shouldn't count on a big Christmas bonus.)
Thus, we surmise, began the very uncomfortable conversation earlier this week at Mizuho Securities Company in Japan, upon discovering that it accidentally offered to sell 610,000 shares of J-Com Co. for less than one penny per share -- when the client really meant to sell one share at 610,000 yen (about $5,000).
According to an article in the Los Angeles Times, a data input error at the financial services firm is behind the botched sell order. The typo cost the company 27 billion yen, or $225 million, and countless utterances of "moshiwake gozaimasen" (the most formal version of "I'm really, really, really, really sorry" in Japanese).
The mea culpas weren't enough to keep the Nikkei 225 index from dipping nearly 2%, or the Mizuho Financial Group from shrinking 3.4% to 890,000 yen (around $7,500 a share). The erroneous trade will likely eat up the company's $233 million worth of first-quarter profits as well.
Unfortunately, there are no do-overs for Mizuho: The Tokyo Stock Exchange will not reverse the transaction. (MFG traders probably shouldn't count on a big Christmas bonus.)
posted by Andy W at
Friday, December 09, 2005
4 Comments:
Ahora viene la oleada de suicidios de los lemmings japoneses... habría que poner un contador en tiempo real para mantenerse al tanto.
juaaaaaaaaaaa
me mata el tema de los japoneses y los suicidios... que aparatos
Bueno, pero por ahí es práctico... yo me suicidaría! Por lo menos controlaría el dolor que voy a recibir ante la inevitable muerte violenta que sigue a semejante metida de pata.
Pensá en las torturas de los japoneses a los chinos, u otras víctimas... es una opcion racional
claro, tenés razón, están siendo fundamentalmente lógicos y consecuentes.
lo que me parece muy bizarro es como la cultura de ellos es tal que prefieren la muerte a la deshonra, muy diferente a la nuestra, casi el opuesto exacto!
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