Categories: Market

Bank CEO criticizes ‘ignorant’ politicians – and got fired

He saw himself as a visionary, now he dreams: Anders Bally (56), CEO Brightignored a simple rule in an email to his staff. Anyone who is devoted to his work should avoid criticizing the owners of the company. Bally paid no attention. He has now lost his job.

A few days ago, the boss of the digital banking startup sent an email against the policy of the Basel region and therefore indirectly against his own shareholders, as “Handelzeitung” wrote.

Later Bright belong to Baselland cantonal bank (BLKB) and this to the canton. Inside BLKB came Seems like not good After the market closed on Wednesday, the bank announced the suspension of Bally with “immediate effect”.

Politicians have trouble understanding

Phrases such as the following probably caused him to be devastated: “Some politicians in this non-urban canton – especially older ones – have trouble understanding all the subversive aspects. Bright requires”, quotes the blog “Inside Paradeplatz” from Mail. «Deep technology mobile First banking And presence administration, publishers, co-creation etc. are concepts they struggle with,” continues Bally.

The former CEO accuses ex-political guards of not understanding how much the banking industry has changed. It is precisely this environment that the new venture wants to use to succeed. Bally’s email must have offended some egos.

14 million lost last year

“Emails with this type of content are absolutely unacceptable,” says Basel-based financial director Anton Lauber (61).Baselland Newspaper”.

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Bright Takes a hand in politics in the Basel region there is so much to talk about. Are people curious? BLKB on the right strategy. A member of the SVP parliamentary group interpellation It was delivered that he called for the clarification of open questions. The cantonal bank has so far invested about 70 million francs in the subsidiary. A bet on the future. In fiscal year 2022, Bally Bright it still suffered a loss of around 14 million Swiss francs.

This BLKB product manager has Rouven Leuener and Finance Director Roland Hair He was employed as a temporary boss. (smt)

Source :Blick

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