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The CEO of an institutional investment firm notices that his Senior Vice President in charge of trading operations is spending hours and hours in front of the computer screen. Subordinate employees have complained that they are not receiving guidance and direction. Morale at the trading floor is very poor and is reflected throughout the company.
TDA does the following: Meets with the CEO of the firm and discusses a course of action. The firm has an electronic monitoring policy that complies with California laws. It is decided that a hidden video camera will be installed on the trading floor and a software program that monitors key stroke activity will be placed on the Senior VP’s, company owned, PC. TDA experts install the video and software and on the first day after installation solve the problem. The Senior V.P. is playing solitaire up to 7 hours per day on his company P.C. on company time. The CEO advises his V.P. and issues a written reprimand. The floor traders and other subordinates are appreciative that management corrected a serious problem.
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