The Independent - London, March 5th, 1995
Rogue
IT WAS Peter Baring, chairman of Barings Bank, who first described Nick ("Lucky") Leeson as a rogue trader, and he was using the word rogue in its special sense of someone apart from the herd. There was no suggestion, heaven forbid, that any of the other elephants behaved like that.
Some commentators seem to have put a different complexion on the word, thinking of the more usual dictionary definition ("a dishonest or unprincipled person"). But that wasn't its first meaning either. A 16th-century rogue was a vagabond, no more - a person of no fixed abode. The Shorter Oxford suggests it ...
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