tag:blogger.com,1999:blog-1986454616469340392.post7517164490856889475..comments2023-09-15T13:11:11.863+01:00Comments on The Crimson Observer: Pathetic half-year at Bank of IrelandMyles Duffyhttp://www.blogger.com/profile/14393652603287289541noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1986454616469340392.post-7715088870974755702009-11-11T00:00:26.339+00:002009-11-11T00:00:26.339+00:00Good assessment of the poor performance of almost ...Good assessment of the poor performance of almost every senior exec at BOI but I would dispute your claim that in a US multinational the architects of such disaster would be quietly wiped off the company payroll. I work for a large, southern company which specialises in outsourcing. Over the last year we have systematically lost the 2 largest contracts with our largest commercial customer, amounting to a loss of about 100 million dollars over 5 years. In fact we made such a shambles of these service contracts the client actually built an alternate services group doing the same thing about 1 year before the 2nd contact collapsed. The responsible exec for the delivery of the agreed contracts, is not only, surprise surprise, Irish, but spent most of his career in the very bank mentioned by yourself above. He projects a myth to employees, 200 of whoms' jobs are now under threat (not counting about 50 who have already lost their jobs) that the customer planned this all along and had no intention of renewing at the original contract ends, but I did notice that my former employer, which coincidentally manages another large contract with the same client (and whose equivalent to this Gombeen is an old friend) renewed their contract for the second time last year. And they would not be regarded in the industry as a particularly high quality supplier.<br /><br />So has the ex banker Gombeen been canned as you suggest most US companies would do? Certainly not.<br /><br />Guess what? They promoted him.<br />(For very obvious reasons you will understand that I have to remain anonymous). Keep up the good work.Anonymousnoreply@blogger.com