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Diva

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UVA-F-1222
Diva Shoes, Inc.

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UVA-F-1222

DIVA SHOES, INC.
In April 1995, Lisa Stone ended a conversation with Benjamin Bisno, the president and chief executive officer of Diva Shoes, Inc., concerning his firm’s growing exchange rate exposure. Since joining the foreign exchange desk at Merrill Lynch three years ago, Stone had worked with Bisno in executing relatively simple “forex” transactions for the company. She provided information and advice on the firm’s decision to increase purchases of materials from
Italian suppliers and to

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