16 August 2017
Paul Penrose

Finblog

Paul Penrose - Finextra

307Posts 1,329,590Views 246Comments
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Whatever...

A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

No soft soap at Bank of America

07 January 2008  |  4118 views  |  0

Your chief executive took home nearly $100 million in 2006 and you run a fleet of 20-odd corporate jets to ferry board directors to important business meetings and former executives to important Red Sox baseball games. But with the credit squeeze tightening it’s time to start looking at expense management. Where to begin? Employee perks are the obvious place to come up with a few savings, so let’s dispense with the soap in the cafeterias and while we’re at it cut back on the free snacks and soup as well. Goddammit, don’t these freeloaders realise there’s a recession looming.

For the full story, check out the New York Times Dealbook -  Bank of America: We’ve still got soap.

TagsRetail bankingWholesale banking

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job title Head of Research
location London
member since 2007
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I'm responsible for editorial content and quality control across the full range of Finextra media.

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