Saturday, July 02, 2005

$251 Million Typo

Bad keystroke leads to $251 million stock buy | CNET

Talk about a bad day at work...

A Taiwan stock trader is jobless after a typo left her company looking at a paper loss of more than $12 million when what was supposed to have been a small order mistakenly resulted in a $251 million purchase. 'Something like this is difficult to explain to superiors,' a company exec explained.

Does anyone else think there is a manager out there that needs to look into a better data entry system?


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