Here is a quote from last weekend's Irish Independent comparing how he ran the bank with the current goings on...
Sir -- Many years ago, the AIB branch in Sligo was known as 'John Ford's Bank'; named after a long serving manager who was respected for his knowledge and integrity.
The distressed article by a businessman (Sunday Independent, Feb 7, 2010) on how banks in Ireland operate must be very offensive to old style managers who valued long term relationships.
Ireland's banks got too big for their boots and blew their capital on crazy property speculative projects.I have cut and pasted - see the whole article here.
When the dust finally settles on Irish banks, they will need to be broken up into smaller regional units. Managers should be recruited who have local knowledge and have more discretion as to lending limits. We need more John Fords in Irish banking and fewer Masters of the Universe.
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2 comments:
I second that... more John Fordes. I've been one all my life, and it's been -- I like to think -- a net positive. Glad to hear there are other Fordes out there, carrying on the good fight!
P.S. We've got family from Sligo, so I'm told.
Hi John - thanks for the comment! Your family in Sligo is probably my family!
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