EFIS Check. What is retarded is appointing staff for their race, not their skills.
I have been told by someone very close to all this that Phillip Chen replaced the expats with locals. It would be a simple and valid test to see if there is a direct correlation between experience levels and the hedge losses. If there is then one must ask why where the 'bad' hedgers appointed and by whom.
I hope my source is wrong and the company is better run than it appears to be.
Unlike the managers, my future is directly tied to the future of the company. The problems we face are due to management decisions - screw ups should be examined and explained.