As many know, CIBC–Canadian Imperial Bank of Commerce–has been in the news lately as a result of their dealings with Enron [1, 2, 3, for example]. I have had an ongoing conversation with an unnamed colleague at CIBC:
Bill: CIBC’s actions bring new meaning to ROI !
CIBC’er: What do you mean?
Bill: ROI = Risk Of Incarceration 🙂
CIBC’er: The news is actually good as it will put a close to the Enron story which is a lot of distraction.
Bill: 2.4 Billion $US is a lot of distraction !
CIBC’er: [no response for two weeks]
Bill: How things going? It’s that time of year again…should I take my bonus in this taxation year or should I postpone to next year? Decisions, decisions … oh the stress of it all.
CIBC’er: It’s a fun time … I hear BMO is in the news too!
Bill: Yes, “…BMO Financial Group continues to be recognized for its leadership in corporate governance, most recently ranked number one among the top 25 Boards in Canada, according to a survey by Canadian BusinessMagazine.”[1]
Leave a Reply