exit2 Posted 11 May, 2009 Share Posted 11 May, 2009 I know people are saying forget Rupert etc, but I recently heard that Rupert was the man that hired / oversaw Nick Leeson at Barings Bank while in the UK and is quite open about the appointment. Not knowing if true and just the normal anti lowe onslaught I did some digging and it seems there is a connection. Below is an extract from one of Nick Leesons articles Its quite an amusing read "When I first went to work for Barings the trading desk was run by one person. As nice as he was, he was very upper class, very aloof and more interested in rugby than football. In truth, you could probably write what he knew about football on a postage stamp. His name? Rupert Lowe. When I first came back from Singapore I used to read the football reports, read the name Rupert Lowe and not pay it any attention. Problems with Glenn Hoddle, Gordon Strachan and Paul Sturrock obviously propelled Rupert onto our television screens, and it dawned on me it was the same person. I know he moved from Barings to JP Morgan, but quite how he ended up running a football club is beyond me. He must have run a steeper learning curve than I was trading futures. His appointment (and the subsequent managerial revolving door policy at the club) looks about as sensible as mine in Singapore. He'll hate the association, but it might explain a few things to Saints fans. I hasten to add that he hasn't offered me the job of financial controller... yet" http://www.totalgambler.com/othersports/columnists/26/leeson_tis_the_season_to_make_money.html Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 May, 2009 Share Posted 11 May, 2009 What is barings bank? Link to comment Share on other sites More sharing options...
Ponty Posted 11 May, 2009 Share Posted 11 May, 2009 Wow, financial advice from Nick Leeson. Just a minute, I can feel the 'flu coming on... Is Harold Shipman still a GP? Link to comment Share on other sites More sharing options...
Minty Posted 11 May, 2009 Share Posted 11 May, 2009 What is barings bank? http://www.time.com/time/2007/crimes/18.html Link to comment Share on other sites More sharing options...
Toadhall Saint Posted 11 May, 2009 Share Posted 11 May, 2009 Nick Leeson & RL now there is a pair of losers! Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 11 May, 2009 Share Posted 11 May, 2009 Oh dear - more damning evidence of Lowe's incompetence when it comes to hiring people? He has more skeletons in his closet than he's had hot (world-class catering) dinners!! LOL Link to comment Share on other sites More sharing options...
Ludwig Posted 11 May, 2009 Share Posted 11 May, 2009 It's not as though appointing Nick Leeson was the silly thing, just letting him do what he ended up doing was. Link to comment Share on other sites More sharing options...
Ponty Posted 11 May, 2009 Share Posted 11 May, 2009 Oh dear - more damning evidence of Lowe's incompetence when it comes to hiring people? He has more skeletons in his closet than he's had hot (world-class catering) dinners!! LOL **** me, that's a stretch. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 11 May, 2009 Share Posted 11 May, 2009 I think you will find Rupert actually dines out on the "I was the man who appointed Nick Leeson to Barings" story. Thinks it is a bit of a hoot by all accounts - I was told this by someone who has heard the whole tale from the horse's mouth. Perhaps Rupert has a sense of irony after all? Don't know if Barings think it is that funny though Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 May, 2009 Share Posted 11 May, 2009 http://www.time.com/time/2007/crimes/18.html Cheers I remember now Link to comment Share on other sites More sharing options...
sadoldgit Posted 11 May, 2009 Share Posted 11 May, 2009 I am sure in time we shall hear that Lowe's grandfather hired the Captain of the Titanic. Still, at least it keeps us amused until we hear who the next target will be. Link to comment Share on other sites More sharing options...
Gemmel Posted 11 May, 2009 Share Posted 11 May, 2009 And for those of us that thought Poortevelt was lowes worse ever hire Hadn't heard this story before and i'm not sure why, but it made me laugh out loud. A few more stories like this and it won't be long before we stop hating him and start feeling sorry for him.....ok may be not Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 11 May, 2009 Share Posted 11 May, 2009 I think you will find Rupert actually dines out on the "I was the man who appointed Nick Leeson to Barings" story. Thinks it is a bit of a hoot by all accounts - I was told this by someone who has heard the whole tale from the horse's mouth. Perhaps Rupert has a sense of irony after all? Don't know if Barings think it is that funny though I am sure its not just Barings who found the scandal somewhat less than funny Duncan. It amply demonstrates the incompetencies of certain such individuals in the finance and banking industry including their detachment from the real world. Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 11 May, 2009 Share Posted 11 May, 2009 **** me, that's a stretch. When you say stretch, I take it you mean Ruperts waistband? Link to comment Share on other sites More sharing options...
chocco boxo Posted 11 May, 2009 Share Posted 11 May, 2009 Wigley versus Leeson? Link to comment Share on other sites More sharing options...
Made in Southampton Posted 11 May, 2009 Share Posted 11 May, 2009 I had no idea about this bit of history. I dont know what it says about the guy bearing in mine if he was walking in those circles and still couldnt get investment when he must of had stacks of contacts. Just when I thought the guy couldnt get any worse........ What a complete 'tard. Link to comment Share on other sites More sharing options...
sidthesquid Posted 11 May, 2009 Share Posted 11 May, 2009 I heard as a young boy on a family holiday to Dallas he was seen heading for a grassy knoll with one of Daddy's deer-shooting rifles.... Only a rumour, mind Link to comment Share on other sites More sharing options...
so22saint Posted 11 May, 2009 Share Posted 11 May, 2009 I think you will find Rupert actually dines out on the "I was the man who appointed Nick Leeson to Barings" story. Thinks it is a bit of a hoot by all accounts - I was told this by someone who has heard the whole tale from the horse's mouth. Perhaps Rupert has a sense of irony after all? Don't know if Barings think it is that funny though I used to work for Baring Asset Management and I can assure you that nobody there or more so at Barings Bank found it funny when they lost their jobs etc. These weren't traders on multi-millions by the way, lots of people there were on normal salaries etc. What a **** Rupert Lowe is. Losing Barings was a big deal for the UK of course - it was pretty much the worlds oldest surviving company and the worlds oldest bank - more examples of the rot setting into this country (well not really, that's a bit of a tenuous link but I felt like a rant!) Link to comment Share on other sites More sharing options...
Morph Posted 11 May, 2009 Share Posted 11 May, 2009 I think you will find Rupert actually dines out on the "I was the man who appointed Nick Leeson to Barings" story. Thinks it is a bit of a hoot by all accounts - I was told this by someone who has heard the whole tale from the horse's mouth. Perhaps Rupert has a sense of irony after all? Don't know if Barings think it is that funny though Duncan, An interesting aside is that the Barings family used to own substantial property in Abbots Worthy and Kings Worthy and used to finance an annual fete many years ago. No doubt Rupert and Nick have put paid to all that. Kind Regards and all quiet from where I sit Morph Link to comment Share on other sites More sharing options...
Badger Posted 11 May, 2009 Share Posted 11 May, 2009 I had no idea about this bit of history. I dont know what it says about the guy bearing in mine if he was walking in those circles and still couldnt get investment when he must of had stacks of contacts. Just when I thought the guy couldnt get any worse........ What a complete 'tard. Perhaps those 'contacts' in the City were only too well aware of what Lowe might be capable of. Perhaps this is why Rupert was no longer welcome at the Drones club and had to come out to the sticks where he could lord it over us peasants. Link to comment Share on other sites More sharing options...
Mole Posted 11 May, 2009 Share Posted 11 May, 2009 I think you will find Rupert actually dines out on the "I was the man who appointed Nick Leeson to Barings" story. Thinks it is a bit of a hoot by all accounts - I was told this by someone who has heard the whole tale from the horse's mouth. Perhaps Rupert has a sense of irony after all? Don't know if Barings think it is that funny though His other after dinner tale is about the time he told the club historian to **** off. Link to comment Share on other sites More sharing options...
NickG Posted 11 May, 2009 Share Posted 11 May, 2009 two cracking threads today - this and the interview. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 11 May, 2009 Share Posted 11 May, 2009 His other after dinner tale is about the time he told the club historian to **** off. To be fair Stanley - he didn't tell me to eff off. Just called me an arsehole 100 times. Plenty no doubt agree with him Link to comment Share on other sites More sharing options...
Daren W Posted 11 May, 2009 Share Posted 11 May, 2009 I think you will find Rupert actually dines out on the "I was the man who appointed Nick Leeson to Barings" story. Thinks it is a bit of a hoot by all accounts - I was told this by someone who has heard the whole tale from the horse's mouth. Perhaps Rupert has a sense of irony after all? Don't know if Barings think it is that funny though Well he appointed Harry Redknapp, Steve Wigley, Jan Poortvielt and numerous other donkeys... Leeson's probably one of his lesser **** ups... Link to comment Share on other sites More sharing options...
Mole Posted 11 May, 2009 Share Posted 11 May, 2009 To be fair Stanley - he didn't tell me to eff off. Just called me an arsehole 100 times. Plenty no doubt agree with him A few might, but the the vast majority wouldn't. Link to comment Share on other sites More sharing options...
Daren W Posted 11 May, 2009 Share Posted 11 May, 2009 A few might, but the the vast majority wouldn't. Only those watching ITN tonight... lol Link to comment Share on other sites More sharing options...
revolution saint Posted 11 May, 2009 Share Posted 11 May, 2009 Only those watching ITN tonight... lol In The kNow tonight? Link to comment Share on other sites More sharing options...
rallyboy Posted 11 May, 2009 Share Posted 11 May, 2009 the Nick Leeson link has been fairly well-documented hence my occasional reference to Rupert as the Frank Spencer of the business world. He was all over the show long before he stumbled into Hampshire. Link to comment Share on other sites More sharing options...
um pahars Posted 11 May, 2009 Share Posted 11 May, 2009 Only those watching ITN tonight... lol Duncan the ITN reporter is not lost on me;) Maybe he could try and find where Justin Fashanu is these days!!!!! Link to comment Share on other sites More sharing options...
pilsburydoughboy Posted 11 May, 2009 Share Posted 11 May, 2009 I am sure in time we shall hear that Lowe's grandfather hired the Captain of the Titanic. Still, at least it keeps us amused until we hear who the next target will be. No that was Micheal Wilde being a scouser and all. Link to comment Share on other sites More sharing options...
PaulSaint Posted 11 May, 2009 Share Posted 11 May, 2009 I heard that Rupert also approved Michael Ryans Gun Licence & taught Henri Paul to drive in Paris. Link to comment Share on other sites More sharing options...
Jonnyboy Posted 11 May, 2009 Share Posted 11 May, 2009 I think you will find Rupert actually dines out on the "I was the man who appointed Nick Leeson to Barings" story. Thinks it is a bit of a hoot by all accounts - I was told this by someone who has heard the whole tale from the horse's mouth. Perhaps Rupert has a sense of irony after all? Don't know if Barings think it is that funny though What a total knob!!!! Shows the lack of respect he has for his customers eg FANS!!! Link to comment Share on other sites More sharing options...
benjii Posted 11 May, 2009 Share Posted 11 May, 2009 I heard that Rupert also approved Michael Ryans Gun Licence & taught Henri Paul to drive in Paris. FFS, really? What a ****. Link to comment Share on other sites More sharing options...
cambsaint Posted 11 May, 2009 Share Posted 11 May, 2009 The Baring family mostly lived, (and possibly) still does around Winchester. I believe that Lord Northbrook of Hursley Park was the head of the family at one time. Despite their once enormous wealth they didn't flash it about. Link to comment Share on other sites More sharing options...
spain saint Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) Deleted due to misunderstanding!! Edited 12 May, 2009 by spain saint Link to comment Share on other sites More sharing options...
Frank's cousin Posted 12 May, 2009 Share Posted 12 May, 2009 To be fair Stanley - he didn't tell me to eff off. Just called me an arsehole 100 times. Plenty no doubt agree with him Never! ;-) Link to comment Share on other sites More sharing options...
Frank's cousin Posted 12 May, 2009 Share Posted 12 May, 2009 On a more serious note is everyone who has ever employed someone that turned out to be not as good as firsts thought somehow a 'tard'? Was not NL actually quite a good trader doing well, who then made a few losses that he panicked about and covered up rather than copmming clean - and then just let it ballon? As feck ups go it was biggy, but what next, Lowe responsible for the current credit crunch? Link to comment Share on other sites More sharing options...
notnowcato Posted 12 May, 2009 Share Posted 12 May, 2009 On a more serious note is everyone who has ever employed someone that turned out to be not as good as firsts thought somehow a 'tard'? Was not NL actually quite a good trader doing well' date=' who then made a few losses that he panicked about and covered up rather than copmming clean - and then just let it ballon? As feck ups go it was biggy, but what next, Lowe responsible for the current credit crunch?[/quote'] I think Rupe's list is ever growing and when he ****s up he really ****s up. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 12 May, 2009 Share Posted 12 May, 2009 Well he appointed Harry Redknapp, Steve Wigley, Jan Poortvielt and numerous other donkeys... Leeson's probably one of his lesser **** ups... Leeson would probably have done a better job than Poortvliet. Link to comment Share on other sites More sharing options...
jonah Posted 12 May, 2009 Share Posted 12 May, 2009 It is quite a funny anecdote really. Of course quite how that translates to blaming RL for the entire collapse of Barings is just as funny, but it's a bit of a corker and I'm not surprised it's a favourite tale. I hope you're not jealous that he tells that story more than your phone call, Duncan ;-) Things don't change that much, but regulation in Asia was always well behind the curve and there are plenty more dodgy examples from HK and Tokyo - and more recently, even with much more modern systems and increased supervision we have had similar episodes like Jerome Kerviel. Link to comment Share on other sites More sharing options...
Victor Posted 12 May, 2009 Share Posted 12 May, 2009 But, be fair, he did appoint Sir Clive Woodward who during his long tenure at the club saw us adopt revolutionary practices that rocketed us to the forefront of European football. Link to comment Share on other sites More sharing options...
jonah Posted 12 May, 2009 Share Posted 12 May, 2009 But, be fair, he did appoint Sir Clive Woodward who during his long tenure at the club saw us adopt revolutionary practices that rocketed us to the forefront of European football. I'll tell you what though, on a serious point SCW is just the sort of person whose attention to detail would have meant we had players confident and capable of scoring a bleedin penalty - not only the playoff against Derby, how many points did we lose this season because "professionals" couldn't score from 12 yards out? Without MLT's almost-perfect record we'd have been relegated from the Prem in the 90s. (Sorry for the sidetrack!) Link to comment Share on other sites More sharing options...
eelpie Posted 12 May, 2009 Share Posted 12 May, 2009 Leeson would probably have done a better job than Poortvliet. And we could have sold the film rights. Link to comment Share on other sites More sharing options...
eelpie Posted 12 May, 2009 Share Posted 12 May, 2009 I'll tell you what though, on a serious point SCW is just the sort of person whose attention to detail would have meant we had players confident and capable of scoring a bleedin penalty - not only the playoff against Derby, how many points did we lose this season because "professionals" couldn't score from 12 yards out? Without MLT's almost-perfect record we'd have been relegated from the Prem in the 90s. (Sorry for the sidetrack!) If SCW's wages and costs didn't drag us into administration earlier. Otherwise I agree. Whatever happened to the facilities he set up? I was not personally against his skills and attention to detail being introduced to the club (how we have needed this) only the divisions and aggro that his presence caused, so his appointment in hindsight was counter-productive. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 12 May, 2009 Share Posted 12 May, 2009 Leeson would probably have done a better job than Poortvliet. Leeson only came unstuck because of the Kobe earthquake didn't he? Link to comment Share on other sites More sharing options...
Cabrone Posted 12 May, 2009 Share Posted 12 May, 2009 LMFAO, and to think of the stick those of us who have been calling him out as an idiot have taken on here. So he's had a big hand in destroying a bank and a football club, what next? Wasn't he interested in politics? If he ever got his greasy hands on the levers of power then gawd help us...... Link to comment Share on other sites More sharing options...
jonah Posted 12 May, 2009 Share Posted 12 May, 2009 Leeson only came unstuck because of the Kobe earthquake didn't he? IIRC he placed a massive short straddle on the Nikkei (a bet against volatility)... but the Kobe earthquake hit that night. Incredibly bad luck really, but it wasn't like he wasn't just a pure gambler by that time anyway. Of course Lowe hiring him on £30k in the UK directly translates to him being responsible for the £800m losses Leeson fraudulently hid in 88888 and the collapse of Barings, and I'm surprised Crouch and Lawrie haven't picked up on this yet. Expect it in the Echo tomorrow... Link to comment Share on other sites More sharing options...
hughieslastminutegoal Posted 12 May, 2009 Share Posted 12 May, 2009 I am sure in time we shall hear that Lowe's grandfather hired the Captain of the Titanic. Still, at least it keeps us amused until we hear who the next target will be. No, Lowe learned his trade from the bloke who decided to cut costs by fitting only 3/4 height bulkheads. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 12 May, 2009 Share Posted 12 May, 2009 No, Lowe learned his trade from the bloke who decided to cut costs by fitting only 3/4 height bulkheads. ... and halving the number of lifeboats. Link to comment Share on other sites More sharing options...
georgeg Posted 12 May, 2009 Share Posted 12 May, 2009 I heard as a young boy on a family holiday to Dallas he was seen heading for a grassy knoll with one of Daddy's deer-shooting rifles.... Only a rumour, mind if it will lock the tw*t up for good then I for one am prepared to run with it!!!!!!!! Link to comment Share on other sites More sharing options...
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