What is the scoop behind the merge of GP59 and GP20?

[hunterm4]

I heard from my insider that Bill Fairbank retired(let go) just recently. Also that Gp59 is no longer and now is a part of Gp20. What are some of the details? Changes? Who else in Gp59 was let go?

[yambag]

Originally Posted by hunterm4

I heard from my insider that Bill Fairbank retired(let go) just recently. Also that Gp59 is no longer and now is a part of Gp20. What are some of the details? Changes? Who else in Gp59 was let go?

huh, that's fuggin interesting.
i wonder what the logic behind that was and if it was a good decision...that's a huge area for one group.
at least customer wise it should be better for one-ways and such.
this is the first time i've ever seen group 59 mentioned on this board so i doubt you'll hear much...but i'm curious now, look into it bro!
59 had some good corp people i thought, outside of a few branches though not profitable.
look for 59 to shrink up, esp 59n

[Popper1977]

When did this go down? So Group 20 is now ALL of Michigan and NW Ohio?

Originally Posted by yambag

huh, that's fuggin interesting.
i wonder what the logic behind that was and if it was a good decision...that's a huge area for one group.
at least customer wise it should be better for one-ways and such.
this is the first time i've ever seen group 59 mentioned on this board so i doubt you'll hear much...but i'm curious now, look into it bro!
59 had some good corp people i thought, outside of a few branches though not profitable.
look for 59 to shrink up, esp 59n

[iHATEmyJOB]

GP20 & GP59 are going to be the "Michigan Group". Ohio branches from GP20 will be sent to GP39

[yambag]

Originally Posted by iHATEmyJOB

GP20 & GP59 are going to be the "Michigan Group". Ohio branches from GP20 will be sent to GP39

what is the reasoning behind this?
is anybody in 59 losing their job cause of this???

[iHATEmyJOB]

I don't know if anyone else will be fired besides Bill Fairbank but I know a lot of people at admin are scared.

[Crumphater]

This just goes to show you that no matter how much you have done for ERAC in your career, it is still what have you done for me lately. Bill pretty much developed the rest of Louisiana when New Orleans was the only market. He has helped countless people get promoted and made several careers(Dan Adams-doesn't deserve it). He was a stand up guy and will be remembered as such. I am sure he will do fine away from the big green E.

[yambag]

Originally Posted by Crumphater

This just goes to show you that no matter how much you have done for ERAC in your career, it is still what have you done for me lately. Bill pretty much developed the rest of Louisiana when New Orleans was the only market. He has helped countless people get promoted and made several careers(Dan Adams-doesn't deserve it). He was a stand up guy and will be remembered as such. I am sure he will do fine away from the big green E.

yep, good guy in a sleazy company
class act really...he was uppper class but not a arrogant flashy e-asshole, like mose of the moneyed folks are at erac.

[dublinfire]

They merged to spread cost out over a larger area. GP20 had so many problems because it is a high risk area that would due better to spread all the cost associated with the area over a larger number of branches. It's like putting a band-aid over genital herpes.

[yambag]

Originally Posted by dublinfire

They merged to spread cost out over a larger area. GP20 had so many problems because it is a high risk area that would due better to spread all the cost associated with the area over a larger number of branches. It's like putting a band-aid over genital herpes.

it's a merger of two losers, 59 never made any money.
the whole region is in the toliet, no amount of marketing or over promising can change that