The management in FNB’s Core Banking Solutions division (CBS) – the people who set those outrageous fees on current or cheque accounts – has changed a lot over the past three to four years. They have become a self-absorbed, exclusive “club” whose members somehow believe they are entitled to all sorts of special benefits – benefits that the lower echelons of staff, their customers and SARS really don’t need to know about.
One of the most recent super-perks has been an eight-day, all-expenses-paid holiday trip (in work time) for the “Exco Team” and their partners, 40 people in all, to Iceland – ironically a country bankrupted by the excesses of its bankers. In preparation for the trip, Core Banking CEO Irlon Terblanche had his FNB card’s limit increased to R150,000 for the week. Clubbing is apparently big in Iceland and FNB would be picking up the tab!
Included in the tour (“because we’re worth it!”) were Terblanche; CFO Ravi Singh; Johan Moolman (debit cards); Andrew Bladon (sales); Ilse Smuts (marketing); Rya-Mari Muller (projects); Tracy van de Goede (HR); Rhoda Moodley (legal & compliance); Jo-Ann du Plessis (pricing); Shane French (ops); Rob Evans; Kayur Govind (pricing); and Chranshenda (Shandy) John (PA to the CEO).
Almost immediately some of them recklessly...