We finally got some much needed rain here in Central Texas last night. Hopefully more will follow today. The storm that came through knocked out my cable for hours, but now it’s back up. And having signed in, I find the era of corporate malfeasance continues unabated. Check this gem out:
Via Balloon Juice — A message from Tony Thorne regarding current news stories about our bank — The First National Bank of Wellston is a 127-year-old locally owned independent bank serving Jackson and Vinton Counties in Ohio. With two banking offices and 36 employees, our mission is to serve the banking needs of the people and businesses in our local communities. On June 18, 2013, two representatives of the First National Bank of Wellston were assigned to clean and refurbish a bank-owned residential property. Regrettably, the GPS locator they used to find the property led them to the wrong home, which was located on the same street as the target property (we have since retraced their route using the same GPS, and it again took us to the same wrong location). As we discovered later, the property to which they were directed actually belonged to another individual.
Oh, OK, it was the GPS’s fault … Bottom line is they cleaned out the wrong property. The owner — who was more than up to date on her mortgage with a different bank entirely — was on vacation and came home to find her home had been ransacked, everything gone. So, everyone agrees the banked fucked up massively including the bank president. That’s where it gets nauseating:
In addition, we communicated to the homeowner our desire to compensate her fairly and equitably for her inconvenience and loss. However, the written list of items that she provided to us –and the value she assigned to those items– is inconsistent with the list and descriptions of items removed that was prepared by the employees who did the work, and with the list and values of missing items provided by the homeowner herself as recorded in an earlier telephone conversation with one of our representatives.
So they lawyered up and refused to talk further. Fellas, let me explain this to you in the event any of the lawyers you loaded up on haven’t yet: when you fuck up that massively, you’re probably going to have to take at least a small loss and maybe a big one, be glad you’re not under investigation or out on bail for burglary, because that’s exactly what could have happened. Compensate means pay her what it takes to make her go away, in this case you’re lucky, the sum she requested is merely $18,000.
And the reason you should have accepted that, no questions asked, is because 1) it’s tiny and within reason, and 2) if this lady gets in front of a jury of her peers with this case, you are going to flam-bayed, financially, and with the full weight of local public-community contempt which you rely on for business heaped on top of you.