Shoot the Dog!
The media has been having a field day with the revelations made by Governor Kristi Noem in her just published biography. A Time magazine article summarizes the story in the headline…
Public Relations vs. Business Reality
I recently received a LinkedIn message from a former colleague who had attended an industry meeting on ESG issues. My first reaction was surprise that these meetings are still being held, since…
Does a Zombie Bank Know It’s a Zombie?
In recent years most of us have seen movies in which zombies stagger about, lurching toward their next human victim. Probably they don’t think of themselves…
Another One Bites the Dust
A few weeks ago, I wrote about a once prestigious bank that, tied at least in part to its acquisition by a much larger bank, suffered loan losses, organizational changes, and regulatory issues. This time…
How to Destroy a Bank
Not long ago it was one of the most respected banks in America. It had demonstrated years of consistently strong earnings and housed an enviable list of clients.
Some Not So Random Thoughts… Continued
Misprojections. What causes so many predictions and expected results to turn out to be way off the mark? Is it a failure to do any basic scenario planning?
Some Not So Random Thoughts for the New Year
The new, new thing. Business people, bankers included, love to chase the shiny new toy. Right now, that’s AI. During my career, there have probably been 20+ of these shiny new toys. And there exists a plethora of…
Who Regulates the Regulators?
I’ve seldom seen bankers more concerned and, yes, nervous, than when the regulators come to visit. Oftentimes it seems that banks are managing more to the regulator’s requirements with the customer taking…
Too Many Generals?
Last time I highlighted Citicorp’s announcement that, once again, it is undergoing a cost reduction event, this time with the help of BCG. It seems to involve taking out layers of management and changing spans of control.
The Best Consulting Experience I’ve Had in Years
I was just reading about Citicorp’s latest cost reduction effort. CNBC reports that this initiative, named “Project Bora Bora…has employees on edge.” That’s not a surprise. Based upon management and consultant…
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