We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

NAB’s Rogue Trader Essay Sample

The whole doc is available only for registered users OPEN DOC

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

NAB’s Rogue Trader Essay Sample

1. What were the main sources of power that Luck Duffy used to keep everyone in line with his irregular business practices? Describe how we applied these power sources to influence employees and senior executives. The main source of Luck Duffy is from legitimate power which is an agreement among organizational members that people in certain roles can request certain behaviors of others. Legitimate power gives employer’ right and obligation to ask employee what tasks to perform. In this case, Luck Duffy who ran NAB foreign currency options desk wants Gentilin demand loyalty and don’t want he going to Dillon about what’s happening in the team.

2. What contingencies strengthened Luke Duffy’s power at NAB foreign currency options desk? Visibility strengthened Luck Duffy’s power at NAB foreign currency options desk. Because the power does flow to unknown people in this bank. In this case, Gentilin described that Duffy, Dillon and a few other senior traders were “untouchables” who were given free rein at NAB due the their expertise.

3. What can companies do to minimize this sort of abuse of power and influence? Alternative 1: This company should do audit periodically, the audit can immediately find wrong-doing among employees and employers. Alternative 2: Coalition Formation: the people who find problems of power flow in organization and lack of sufficient power alone to influence others in the organization, they should ask people who can support the proposed change. Alternative 3: Upward Appeal: this action is that someone with higher authority or expertise is called on to support the influencer’s position. In this case, Gentilin asked Vanessa who is a junior NAB trader in Melbourne to look at Duffy’s transactions.

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

UK Commission for Employment and Skills

In our care setting, working with autistic vulnerable adults with challlenging behaviour, duties and responsabilities are a bit different from many other similar care settings. Although we all adhere to same legislations and follow same sets of rules, our duties also include fare share of "educational" skills and approaches to individuals, that we care for, in a more supporting manner than just personal care. Basis...

Personnel Planning and Recruiting

Type of recruitment and selection CIMB Group Holdings Berhad will conduct two types of recruitment in the form of internally and externally. In the recruitment and selection process, the management usually will request Human Resources department to decide certain circumstances such as approval, resigned and retired. The table below shows the type of recruitment in the form of internally and externally. Type of Recruitment SourcesInternally...

Employee Resourcing

This essay is going to give my views and opinions on how working practices and patterns have changed and the impact these changes have had on the employment relationship. There many areas one could have examined when discussing the employment relationship, perhaps beginning with Taylor and scientific management to work life balance, but for the purpose of this essay, I'm going to begin by briefly...

The Importance of Written Terms and Conditions

The contract of employment which contains the terms and conditions of employment must be given to anyone who starts a new job. They must be given within 2 months of starting the job. The contract of employment is important because it contains key information about your employment that you need to know such as you hours of work, the main terms and conditions of your...

The Impact of ICT on a Person...

ICT keeps the world turning, from the keeping us warm to cooking our food; computers play a fundamental part in our lives. Adults in employment use ICT to help meet all of their social, personal and work-related needs and Tim Nash, a secondary school teacher, is just one example of an adult that uses ICT in his day to day life. Tim Nash needs to...

Get Access To The Full Essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Couldn't Find What You Looking For?

Get access to our huge knowledge base which is continuously updated

Next Update Will Be About:
14 : 59 : 59
Become a Member