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Banker Accused Of Causing Chaos After 'Small' Bonus

63-year-old IT programmer Roger Duronio is said to have been angry when his UBS PaineWebber (now UBS Wealth Management USA) bonus for 2001 came in short of his expectations. He is currently in court in New York, accused of installing a 'logic bomb' in the bank's IT system that cost millions of dollars to put right.

Firm Said Still Suffering 4 Years After IT 'Disaster'

63 year-old former UBS IT programmer Roger Duronio is in court in New York facing charges of computer sabotage, mail and securities fraud. He is accused of planting a 'logic bomb' at the bank as he was unhappy with his 2001 bonus. The 'bomb' caused millions in damages and, according to witness testimony, its legacy still haunts the firm to this day.

Internet Jobsites The Way Forward For Recruiters

There are now around 850 job sites in the UK (even one specialising in the recruitment of chefs for yachts!), and thousands more around the world. Not all are making money, but many are helping desperate recruiters access decent cvs at minimum cost.

Lewd E-Mails Could Get Firms In Even More Trouble

The Times reports that the circulation of lewd e-mails, and other similar no-nos, could see firms landed with unlimited compensation payments for se.ual harassment - at least if the UK's Equal Opportunities Commission (EOC) has its way.

City News Shorts

Austrian bank Bawag P.S.K. Group has reached a $675m settlement with US authorities, Refco creditors and investors, for its alleged role in the demise of the firm. Bawag has been accused of helping former Refco CEO Philip Bennett hide the firm's bad debts from the public. Bennett has denied wrongdoing.

Barriers To Change

Change implementation specialists Changefirst questioned over 600 change leaders and project managers in major UK, pan-European and global organisations about the level of employee commitment to strategic change like mergers, outsourcing and restructurings.