24 October 2017
Paul Penrose


Paul Penrose - Finextra

307Posts 1,341,231Views 246Comments


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  |  4150 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

Comments: (0)

Comment on this story (membership required)

Latest posts from Paul

ANZ and Visa lose the plot

30 June 2011  |  6654 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineRetail banking

Don't give up the day job...ever

20 May 2010  |  5875 views  |  0 comments | recomends Recommends 0 TagsTrade executionWholesale bankingGroupWhatever...

Now we are ten

19 April 2010  |  6261 views  |  3 comments | recomends Recommends 0 TagsRetail bankingWholesale banking

Finextra's Best of the Web

05 March 2010  |  5775 views  |  1 comments | recomends Recommends 0 TagsRetail bankingWholesale banking

The ATM was the last great financial innovation

25 February 2010  |  9857 views  |  8 comments | recomends Recommends 0 TagsRetail bankingWholesale bankingGroupFinance 2.0

Paul's profile

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

Paul's expertise

Member since 2006
307 posts246 comments

Who's commenting on Paul's posts