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Just a tiny typo

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#1 AndyB

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Posted 28 September 2006 - 12:17 AM

We all make them, but fortunately none of us make typos this big:

In December, job recruiter J-Com's IPO in Tokyo goes awry when a trader for Mizuho Securities types in an order to sell 610,000 shares at 1 yen (less than a penny) per share instead of the intended 1 share at 610,000 yen (about $5,000). Though the order is for 41 times the number of outstanding shares, the Tokyo Stock Exchange insists that the order be processed as entered. Mizuho loses at least 27 billion yen ($225 million) on the typo, an amount nearly equal to its entire profit for the prior fiscal year.

Just another 'winner' from CNN Money's 'best' of last year  ;D
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#2 neylitalo

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Posted 28 September 2006 - 12:39 AM

ouch. Someone was looking for a new job by the end of the day. Maybe multiple someones.

And someone in another company got a massive raise.
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#3 .josh

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Posted 28 September 2006 - 04:32 AM

i bet that guy got a visit by the yakuza before the end of the day ;D
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