Saturday, January 30, 2010
Friday, January 29, 2010
Thursday, January 28, 2010
Wednesday, January 27, 2010
Tuesday, January 26, 2010
I had to look up where Faro and Heraklion were. I certainly wouldn't have said, "Oh, Faro! Use a mandolin-looking thing for the visual. They play those all the time there."
Monday, January 25, 2010
Saturday, January 23, 2010
Friday, January 22, 2010
At it's height, it was one of the most respected and fastest-growing banks in the region.
My grandfather worked there his entire life. He even authored a biography of John R. Barnes and the establishment of the bank.
But a week ago Barnes Bank was seized by Federal regulators and closed.
The economy is an easy out. (If the economy were entirely to blame, several other local banks would have shuttered long before Barnes.) I believe it was mismanagement, exuberance, nepotism and opaque communication from the board of directors. The failure of Barnes Bank follows Jim Collins' outline of "Why the Mighty Fall" to a T.
Our family lost a lot of money. But the wrenching part is feeling we lost a legacy.
(This has nothing to do with advertising or Switzerland. Just had to get it out of my system.)