BUSINESS LOUNGE The art of departure: A look at surprise resignations in recent years Andre Burnett - Your Money Reporter
he announcement of Christopher Williams’ resignation from the wealth management firm NCB Capital Markets (NCBCM) earlier this week has left most in the financial world wearing a look of befuddlement and trying to wrap their heads around such a move. The curiousity and bewilderment is totally understandable since Mr. Williams’ resignation comes on the heels of NCBCM reporting a 125% turnaround in profits from the previous year. One would expect that the bonuses and accolades that were sure to come Mr. Williams’s way would have been enough to guarantee a stay at the NCB subsidiary but apparently this is not the case. It shows some character on the part of Chris Williams in that he leaves at the top of his game like an athlete giving the performance of his life before gracefully bowing out rather than a year ago when the financial crisis was wreaking havoc. Whatever his endgame maybe Mr. Williams has certainly created a stir. Over the years there have been several other resignations which have come out of the proverbial blue to blindside pundits and others which may have been expected Chris Williams, departing but were still the talk Managing Director of NCB of the town. As recentCapital Markets Limited ly as last year, former Scotia Jamaica CEO William “Bill’ Clarke announced his early retirement after over a decade of prosperity at the helm. The move eventually turned into an acrimonious legal wrangling as Mr. Clarke took his former employers to court to challenge his retirement settlement. Mr. Clarke took up early retirement in November of last year mere months after reporting that Scotia Jamaica had netted profits of $4.7 billion in the first half of 2008. Whatever the issue was between Mr. Clarke and his former employees, you could bet the family farm that performance was not it.
Following Mr. Clarke’s exit from Scotia Jamaica there were several would-be successors who were tipped to take over from the 40 year veteran, chief among these was Minna Israel. Israel was then the head of the Bahamas division of Scotiabank but in a surprise move she stepped down to head up operations of rival bank RBTT in Jamaica. This coup of sorts came as a surprise to many as Minna Israel had seemed like a lifer at the Canadian based bank having been there for almost two decades. A resignation can mean exiting the game at a time that is of the most benefit to the person or it can mean a lack of options. Whichever the case might be our executives in Jamaica keep the field as interesting as ever.
Watch your savings go up, up, up! Open with $20,000 or more TODAY!
MIND YOUR BUSINESS
6 Ways to Spruce-Up Your Brand Provided by Gail’s Graphic Designs
1. Press Releases Press releases as part of a marketing program can be a powerful lead generator for your business. So announce a product or service. Duct Tape Marketing offers a free online press release creator. Once it produces your nicely formatted press release, you can send it out by using an online press service such as PRWeb. 2. Corporate Website A good website designer already knows how to code their website’s HTML so that it will present the same no matter what browser your visitors are using (Internet Explorer, Mozilla, Mac or Windows). But search engines like Google don’t care what your website looks like; they care that they can easily sift through your code and images to find the actual searchable text in the content on your website. They also can’t index graphic images or Flash elements, so keep that in mind when designing your website. If you’re home page is just one big Flash graphic, you’re not helping your search results at all.
6. Postcard Update current or former customers about what your business is up to. If you have a new product or service that you are promoting, no one will know about it unless you inform them of your updates. A branded postcard is an excellent way to show off your identity and bring in more business by making sure your clients know of your new ideas. Not only will a postcard enforce your branded identity, it can be an affordable sales and promotional tool.
....................................................................................... Based in New York, Gail’s Graphic Designs offers a broad spectrum of creative design and communication solutions to assist in the marketing of your small business. Contact Gail Lewis at firstname.lastname@example.org or visit Gail’s Graphic Designs at www.gailsdtp.com.
3. Research Know where you are today by conducting quantitative research with your target audience, Benchmark your most important audiences annually and your less important audiences every three years. Put it on your marketing schedule. 4. Marketing Plan A marketing plan will assist you in defining your business mission and values, competitors, financial and non-financial goals, as well as provide the opportunity to assess your strengths and weaknesses. A marketing calendar allows you to not only budget for campaigns, but execute and monitor their progress as well. 5. Email Marketing Template Excite and thrill your current and potential customers, by sending a professionally designed email message. Display your logo right in the inbox. With a template, your email appears more professional and can draw attention with nicely designed graphics that not only look great, but also promote your business.
A Single Source Solution Provider For All Your Graphic Design Requirements. WE WANT TO BE YOUR GRAPHIC DESIGN PARTNER.
SPECIALIZING IN: • Branding • Creative Design • Advertising • Direct Marketing W W W . G A I L S D T P. C O M www.Twitter.com/MarketingNYC
Credits Publisher eZines Limited Suite #25 Technology Innovation Center University of Technology 237 Old Hope Road Kingston 6 Telephone: (876) 512-2657 Managing Director Tyrone Wilson Your Money Reporters Andreâ€™ Burnett Ryan Blake Kenartur Mitchell Jr. Latoya Hutchinson Columnist Cherryl Hanson Simpson Financially S.M.A.R.T Services Francis Wade Design and Layout Omar Phinn
www.yourmoneyezine.com Send us your comments to email@example.com
Subscription firstname.lastname@example.org Editorial email@example.com Your Money eZine is a product of eZines Limited, and is distributed via e-mail and other online sources such as Facebook. To subscribe FREE, log onto www.yourmoneyezine.com today or email to firstname.lastname@example.org Advertising email@example.com
Each time you read Your Money eZine, you are supporting the fight against global warming and also a move towards eco-friendly products.
Read Your Money today...
Save the world tomorrow!
December 2, 2009