Community
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.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Sergio Barbosa CIO of Global Kinetic, and CEO of FutureBank. at Global Kinetic and FutureBank
16 August
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
14 August
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
Konstantin Rabin Head of Marketing at Kontomatik
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.