So underwriting for a major UK bank is usually fairly routine.
Not this weekend for one of my Midlands based colleagues.
A few week earlier he had turned down a new business proposal that was being "sacked" by their existing bank - never a good sign. (I had a quick peek at the file yesterday and came to the same conclusion.)
This meant that the business couldn't pay their payroll and is now in administration.
The sales guy, who's exceedingly well paid, and in a senior position is supposed to manage the entire relationship with the customer until it starts with us and that includes delivering bad and good news alike.
He actually told the director of the new business that it was turned down by an underwriter and gave the underwriters name and town. The underwriter has an unusual name and it didn't take too much of an effort to find him and knock on his door on Saturday and have a right go at him before punching him! Man has since been arrested.
I'm pee'd off that the sales director hasn't been suspended and said he would do it again!
|