Cable & Wireless aims to serve the world

first_img Previous Article Next Article Comments are closed. Cable & Wireless aims to serve the worldOn 16 Jul 2002 in Personnel Today The first privatised firm in telecoms, BT’s main rival is setting its sightsfirmly on world domination in the provision of internet-based services byexpanding its already widespread global presence. By Nic PatonFrom its beginning in the 1860s, when it was at the forefront of developingtelegraph technology, Cable & Wireless has grown into one of the UK’sleading telecoms firms. The company started as a conglomerate of four telegraph companies, whichmerged to form the Eastern Telegraph Company, in turn becoming Imperial andInternational Communications and then, in 1934, Cable & Wireless. Nationalised after the Second World War, in 1981 it was the first telecomsfirm to be privatised, preceding BT by three years. It was also the companybehind the Mercury payphones that sprung up on Britain’s high-streets duringthat decade as the first serious rival to BT. The company now operates globally, divided into two divisions, Cable &Wireless Global and Cable & Wireless Regional. The Global operationencompasses Europe, the US and Japan, while the Regional arm takes in 33 othercountries, particularly the Caribbean and, most recently, Guernsey. Within Europe, it operates in the UK, France, Italy, Germany, Spain,Portugal, Belgium, Holland, Austria, Switzerland, Sweden and Russia. Overall, the group employs 26,000 staff, of which around 13,000 work forCable & Wireless Global. Last year it reported pre-tax profits of £61m onsales of £5.9bn. The company’s strategy for the moment is to focus on building C&W Globalinto “a world leader in internet services for business customers”. RecruitmentA total of 1,500 staff were recruited globally last year, of which 400 werebased in the UK. The tough market conditions, which have seen the cost basebeing reduced by 40 per cent, means recruitment is being radically cut thisyear. The UK target for the next 12 months is to recruit 100 staff. Cathy McNulty, senior vice-president HR, at Cable & Wireless Global,says the 50 new UK graduate recruits last year will be reduced to nine or 10,mostly in the financial areas. Graduates join a two-year job placement training scheme, moving jobs threetimes a year to gain as wide a range of experience as possible. Trainingmodules are focused on building up their skill levels through a combination ofonline training, assessment centres and telescreening. Graduates must apply online and the vast majority of CVs are now receivedvia e-mail, says McNulty. RetentionStaff turnover, at 12 per cent, is about level with the industry average.Compulsory redundancies this year mean that rate is likely to come down. The company offers a range of flexible working options, including a finalsalary pension scheme and, for new recruits, a ‘lifetime benefits’ plan. Thereare also various share save and purchase schemes in place. Staff are covered by life insurance, have private healthcare, dental careand subsidised childcare vouchers. Work sabbaticals, job sharing and reducedhours’ packages are also available. Women who have been with the company more than 12 months can take eightweeks’ maternity leave on full pay, after which it reverts to 10 weeks on thestatutory minimum. After 10 years service, workers are entitled to an extra day annual leave.Call centre staff have exactly the same terms and conditions as otheremployees, stresses McNulty. Discretionary benefits include long-term invalidity benefit, payment ofprofessional subscriptions, season tickets, cheap car leasing and discountedgym membership. Training and development Cable & Wireless has outsourced its training and development toAccenture, part of a five-year contract announced in December worth anestimated £80m. A core team of eight remain at Cable & Wireless to deal with strategictraining and development initiatives. A further eight people work on deliveringtechnical training needs. The majority of training and development is carried out online. On 1 April,Cable & Wireless rolled out a new performance management system accessiblefrom the desktop, including an e-HR system, again run by Accenture. This linksinto the formal review process, including the creation of personal developmentplans. Where appropriate, for instance for customer service or technical, operationand network training, training is carried out in a classroom or ‘shop floor’setting. Like many in the sector, Cable & Wireless has moved away from planning aset number of training days for staff or new recruits, expecting training to bean ongoing, constant process. Performance management Key performance indicators are a central part of the appraisal process atCable & Wireless. Indicators are drawn up designed to drive forwardobjectives, says McNulty. HR is closely linked to the business strategy, which is currently focused onreducing costs, increasing organisational efficiency, improving performance andenabling business managers to manage more effectively. The company’s values – team work, integrity, innovation and customer action– are linked to the performance management system (see above) through theoffice intranet. Succession planning meetings are held at group level three times a year, asimilar number of times at global level and cascade on down the business. HR priorities for the year Perhaps inevitably given the tough state of the sector, focused on managingcosts and supporting the business to reach its financial objectives. HR factfileCathy McNulty Senior vice-president HR, at Cable & Wireless GlobalMcNulty joined Cable & Wirelessin 1997, having started her career with BT before moving into investmentbanking. Starting in head office, she rose to become HR director of theRegional business before transferring to the Global side last year. She became senior vice-president HR, at Cable & WirelessGlobal on 1 April, succeeding Avery Duff.The best part of the job, she says, is that it is such afast-moving environment. “You really feel you are making a difference,adding something to the bottom line. You feel you can have a direct impact onthe business.” The downside, in such a global business, is the amount oftravelling involved and the hours involved. “Often I will be at my desk at7am for a conference call with Tokyo, but then I’ll need to do one for the USat 4.30pm. You need a lot of energy,” she says.McNulty is not on the Cable & Wireless board and her salarywas not disclosed.Size of HR team120 people globally, of which 65 are based in the UK.HR department structureThe Global HR team is aligned to the businesses, therefore,McNulty has staff in the UK, US and Japan and spread across Europe. The teamdivides into HR business partners, specialists, the outsourced function andservice management.Ratio of HR to employeesAbout 1:80/100 within the UKAmong business partners – the operational side of the HRfunction – it is closer to 1 to 175/200.Key HR initiativesThe HR team has been closely involved in looking at the designof the global sales force, in particular whether it should be structuredgeographically or on a sector basis.How she spends her time– change management, key appointmentsand organisational design issues– is spent on retention and compensation issues– on succession planning, talent and reward structures anddriving performance– on enabling the business to be managed more effectively Related posts:No related photos.last_img read more

Control of near-surface winds over an Antarctic ice shelf

first_imgSimple models are used to assess the factors controlling near-surface winds over an Antarctic ice shelf. Observations from Halley Station and an automatic weather station situated close to the coastal slopes adjoining the Brunt Ice Shelf are presented. These suggest that katabatic flows originating over the continental slopes adjust more quickly to the regional easterly flow over the ice shelf than is predicted by these simple models. It is suggested that nonlinear mechanisms such as “hydraulic jumps” or internal gravity wave radiation could lead to flow adjustment on the short space and time scales observed. In contrast with the present observations, katabatic flows have been observed to propagate across the Ross Ice Shelf for great distances with little modification. However, in this latter region the topography favors the formation of intense, channeled katabatic flow, while the katabatic flow onto the Brunt Ice Shelf is unconfined and consequently much weaker.last_img read more

Zack Moss Has Meetings With Lions, Buccaneers, Redskins

first_img Brad James Tags: NFL Draft/Zack Moss Written by FacebookTwitterLinkedInEmailHIALEAH GARDENS, Fla.-Per news Thursday, former University of Utah tailback Zack Moss had tele-conference meetings with the Detroit Lions, Tampa Bay Buccaneers and Washington Redskins as reported by NFL Network reporter Mike Garafolo.The 5-10 220-pound Moss has previously met with the Lions and Buccaneers February 27-March 1 at the NFL Combine at Indianapolis.Moss, who ran for 4,067 yards and 38 touchdowns at Utah, is expected to be a Day 2 draft pick during next week’s NFL Draft. April 16, 2020 /Coronavirus (COVID-19) related news and sports stories, Sports News – Local Zack Moss Has Meetings With Lions, Buccaneers, Redskinslast_img read more

Fletchers Bakeries unveils new £7m facility

first_imgFletchers Group of Bakeries has invested £7m in a new production facility at its Claywheels Lane site in Sheffield.The funding for the new facility came from a multi-million pound land sale to Sainsbury’s in 2011. The area sold to the supermarket firm had been used as a carpark, and was previously the site of the most modern part of Fletchers’ bakery before it was destroyed by a fire in July 2006.The bakery had said that the funds generated from the sale of the land would be vital for Fletchers’ future Sheffield investment plans, “which include the modernisation of part of the factory within the Claywheels Lane site”.Over one-third of the factory was relocated within the existing footprint of the bakery, including two production lines for rolls and doughnuts. Existing facilities were also upgraded and old equipment replaced, with the new facility including a new cold store and dispatch area.The new facility will supply fresh and frozen, white, brown or seeded rolls to retail and food service customers.Peter Williams, general manager at Fletchers, told British Baker the new facility offered greater process control, resulting in improving quality and consistency in production.”The new facility is part of the future and the growth of Fletchers Bakeries. It’s a great tonic to the staff here who can really see the progress that’s been made at the business,” said Williams.”The business is continuing to grow and improve its performance very successfully.”The facility was opened by former employee of 49 years, Gordon Maclean, alongside the Rt Hon. David Blunkett, MP for Sheffield and Hillsborough.Fletchers Group is made up of four businesses, including Fletchers Sheffield, LBD in Barnsley, Kara in Manchester and Grain D’Or in London. It supplies the major multiples, accounting for 60% of turnover, and the foodservice sector including schools, fast food outlets, and local authorities.Since posting an operating loss of almost £10m in 2007/2008, the business has achieved a profit of £0.6m in its last financial year.last_img read more

Aryzta completes Klemme acquisition

first_imgAryzta has announced that the takeover of German-based bakery firm Klemme has been finalised.Following receipt of all the necessary regulatory clearances, the Swiss-based bakery products business reported it had completed the acquisition yesterday (9 April).Klemme, a German-based company, produces frozen bakery goods for wholesalers, hotels and the catering sector, and employs around 1,000 staff.Aryzta revealed last month that it had sold its second hybrid bond for CHF300m (£210.6m), which the company said will be used to refinance its debts.last_img read more

A master of motion

first_imgMikko Nissinen wanted the ballet dancers to move their arms and legs in a certain, fluid way, but also he wanted them to move their spirits.“Listen to your body, feel the gravity, feel the weight,” he urged, as students in the Office for the Arts’ Dance Program worked on a turn. “Yes,” he encouraged excitedly when they responded, “that’s dancing!”Nissinen, artistic director of the Boston Ballet, was on campus Sept. 2 to offer a master class for the Harvard students — aspiring professional dancers, and those just looking to perfect their craft.Each year, visiting dance artists teach classes at Harvard as a complement to the robust series of classes offered by the program, including ballet, contemporary, theater, and modern dance. The Office for the Arts also offers master classes in art forms throughout the year.Despite a heat wave and steamy temperatures in Harvard’s Dance Center and Director’s Studio on Garden Street, about two dozen students took part in the class, which offered observers an inside look at the grueling work involved in ballet.The chance to take classes with a range of accomplished dancers and directors has been an important part of the overall Harvard experience for senior Natalie Cameron. The Cabot House resident, who is co-captain of the Mainly Jazz Dance Company at Harvard, hopes to pursue a dance career in musical theater after college.“For a dancer, it’s always great to have extra classes, especially ballet classes for training and technique, and the fact that they offer it is just fabulous,” Cameron said.Also taking part in the class was Elizabeth Bergmann, a longtime director of the dance program and a lecturer in dramatic arts. Credited with expanding dance instruction into the Faculty of Arts and Sciences curriculum during her Harvard tenure, Bergmann will retire in February.As he helped students with their technique, perfecting their pliés and tendus, Nissinen also tried to help them to listen to and connect with the music, gently encouraging their appreciation for the rhythms.“Listen to the music. The music tells you more than you think,” he said.Strong imagery also played an important part in the class, as well as a healthy dose of humor.“Dance like the demons are chasing you. You want to get away. Go, go, go,” Nissinen told the students. Later, he complained that they weren’t having nearly enough fun. Observing that the faces on his young students were grim with concentration, he wondered, “Who died? Enjoy, go for it!” Getting a leg up Sarah Farrell ’13 twirls among a stage of ballerinas, all taking a master class with Mikko Nissinen. Giving some pointers To a young student who wanted to know his opinion on the most important thing for a dancer, Mikko Nissinen said simply: “Be interesting.” Graceful lady Graceful Elizabeth Bergmann, retiring dance director, participates in the master class, too. Pretty ballerina Shanna Wiggins ’14 works it at the master class. Later, the students gathered round Nissinen for a question-and-answer session. As they stretched on the floor, the artist who began his own professional career at age 15 with the Finnish National Ballet offered them advice. To a young student who wanted to know his opinion on the most important thing for a dancer, he said simply: “Be interesting.”“If you are true to yourself and you are open, you are interesting. You can be so strong that you are vulnerable. If you are vulnerable, then you are interesting.” Footwork Shanna Wiggins ’14 stretches and rubs her feet. Kris Snibbe/Harvard Staff Photographer ‘Listen to your body’ Mikko Nissinen (center) teaches Natalie Cameron ’11 (left).center_img Go for it Natalie Cameron ’11 is perfectly poised. But is she having fun? Mikko Nissinen, observing that the faces on his young students were grim with concentration, wondered, “Who died? Enjoy, go for it!” Fine and upstanding Shanna Wiggins ’14 (left) and Carina Fish ’13 are on their toes for Mikko Nissinen. Taking the barre Michelle Luo ’14 (left) and Mari Sosa ’12, from the Office for the Arts’ Dance Program, get ready for a ballet master class by Mikko Nissinen, the artistic director of Boston Ballet. ‘Listen to the music’ Mikko Nissinen told his class to “listen to the music. The music tells you more than you think.” Calling on Terpsichore ‘Dance like the demons are chasing you’ “Dance like the demons are chasing you. You want to get away. Go, go, go,” Mikko Nissinen told the students. Plie Shadowdancer Sarah Farrell ’13 strikes a classic pose.last_img read more

Tony Nominee Alessandro Nivola on Traveling to the West End with The Elephant Man

first_img View Comments It’s rare for a Broadway hit to cross the Atlantic intact, but that is currently happening with director Scott Ellis’ acclaimed revival of The Elephant Man, which has arrived in London for a summer run at the Theatre Royal, Haymarket, with its starry Tony-nominated trio of Bradley Cooper, Patricia Clarkson and Alessandro Nivola along for the ride. For Nivola in particular, being in London is like returning home given that the Yale-educated actor has an English wife (actress Emily Mortimer) and knows the city well. caught the gifted star prior to West End previews to talk his renewed love of theater, show transfers, and being out of town during Tony season.Welcome to town! How amazing is it for you guys all to be here?It is! I’ve never reprised a role before and there’s been just enough time in between the two productions for me to forget all my lines [laughs], so I’ve been spending a few days frantically trying to remember all those speeches about cauliflower.And to be here with your entire cast!I know, right? Our being over here right now is unusual enough because there aren’t that many American shows that come over to London, and very few with the entire cast intact, and no shows at all that come with a cast intact from three years ago at Williamstown [Theatre Festival in Massachusetts] where at least half the cast were non-Equity interns! What’s incredible is that we’ve held it together the whole time across three incarnations.And you’ve got arguably the most elegant theater in London—the Haymarket—for your summer run.I’d never been in [the Haymarket] before and it’s without a doubt the most beautiful theater I have ever set foot in. And they do things so right there: there are brass plaques on my dressing room door with mine and Bradley’s names on them. Our dressing room is apparently known as the Gielgud Room but we’ve turned it into a kind of youth hostel with two single beds and various sleeping bags [laughs].And of course you’re now in the city where Bernard Pomerance’s play takes place.And there’s an incredible guy who runs the [Royal London Hospital] Museum who’s just an encyclopedia of information about John Merrick [the “elephant man” of the title, played by Cooper] and Treves [the doctor, played by Nivola] and the whole world of the play. Bradley went first to have a look when he was filming in London over the summer and then we had a company trip and I’ve been on my own.For those who saw the production on Broadway, should they see it again here if they can?We have been subtly changing certain staging things—various bits that we wanted to try and improve upon. There are a few more things that we’ve adjusted so that I hope people will get the Pygmalion-like story of Treves seeming to be Merrick’s savior and then in his attempt to educate and civilize and normalize Merrick, Treves strips him of his humanity and is so full of guilt and regret that it just tears him apart. Getting that story to be clear to an audience has always been a challenge.A challenge that you and your colleagues have clearly met successfully if the Tony nominations are any gauge.That’s lovely of you to say, but what’s been particularly satisfying is that Patty [Clarkson] and Bradley and I were all nominated—that we were all remembered. My main concern about coming to London was that we were all aware we would be starting our run the week after the nominations had been announced and if someone had been snubbed or left out in the cold, it might have made for a brutal few weeks!As it is, it must be making for a lot of trans-Atlantic travel.What’s happening is that we have Sunday off anyway—the day of the ceremony—and then we’ve got the Monday off so we’ll fly to New York Sunday morning, go to a hotel and change our clothes, go to the ceremony, then go to sleep and fly back the next day and do a show the following night.So the June 9 [two nights after the Tonys] performance back in London should be an interesting one.That’s going to be our hangover show [laughs].How does it feel to be overseas amid the whirl of Tony-time parties and receptions back in New York?I do feel sad not to be a part of it. It’s not every day that you get nominated for a Tony so I wanted to really soak it up, but what can you do? In a perfect world, we would be running our show in New York and I would be going to all the parties and the Tony people would be coming to see our show but instead we’re in another city.Will you spend the flight over to New York on June 7 practicing your speech?[Laughs.] God, I haven’t really given that much thought. I mean, I don’t know: I guess I have to be prepared for anything. I don’t think it’s something I’ll be nervous about; I’m just so excited about it. It’s one of the biggest moments in my career and I feel so happy that coming back to the theater has rewarded me in this way.You’ve had a pretty great theater run of late with A Lie of the Mind off-Broadway and then The Winslow Boy for Roundabout followed by The Elephant Man.When Emily and I moved back to New York about seven years ago, one of the first things that came to my mind was, “Why haven’t I been trying to do more theater?” So when Ethan Hawke [who was directing the Sam Shepard revival] asked me to do A Lie of the Mind, that was my first thing back on stage and it turned out to be one of the best experiences of my life—and then the two Broadway shows as well.It must be fun being in the same Tony season as Helen Mirren, with whom you made your Broadway debut 20 years ago in A Month in the Country.Which was also directed by Scott Ellis! I realized the morning the Tony nominations came out that Scott had given me not only my Broadway debut but my New York theater debut when I was a year out of Yale: that was the play that started my career.Could you have guessed back then that Dame Helen would make a career out of playing Queen Elizabeth II?If somebody had told me that was in the stars, it definitely wouldn’t have surprised me.Did you ever refer to Dame Helen at the time as “Her Majesty”?[Laughs.] I was tempted!last_img read more

Draker Labs selected by Con Edison Development for utility-scale solar monitoring

first_imgDraker Labs, the industry’s leading provider of turnkey monitoring solutions for commercial and utility-scale solar photovoltaic (PV) projects, was recently selected by Con Edison Development (CED) to monitor and control more than 40 MWs of grid-interconnected solar projects in the Northeast, including the 20MW Pilesgrove solar power plant. The Pilesgrove facility is the largest PV plant in the northeastern U.S. The Pilesgrove project was put in service in Q3 and is expected to generate enough clean energy to power over 5,000 homes while reducing CO2 emissions by approximately 1,900 tons per year, the equivalent of removing 3,400 cars from the road annually.Mark Noyes, Vice President of Con Ed Development, commented, “We selected Draker based on the scalability and reliability of their data acquisition system, as well as their ability to deliver an integrated monitoring and control solution to manage the utility interconnection. Draker’s team of dedicated project managers and field engineers were instrumental in commissioning the plant and interconnecting to the utility grid.  We look forward to completing additional utility-scale projects with Draker in New Jersey, and beyond.”

Draker has worked cooperatively with both CED and its engineering partner, RMT, to develop a secure monitoring and control solution that integrates with the utility’s SCADA system and data historian through a local Human Machine Interface (HMI). Draker provided switchgear monitoring and control through real-time automation controllers manufactured by Schweitzer Engineering Laboratories (SEL).  A dedicated team of Draker project engineers provided design and engineering services and onsite installation and commissioning support.”We are delighted to be working with Con Edison Development on their Pilesgrove project and other utility-scale projects in New Jersey. Our ability to successfully serve utility-scale customers like CED with our Utility Suite continues to add to Draker’s industry-leading capabilities and reputation,” said Draker CEO Charles ‘Chach’ Curtis.

About Draker

Draker Laboratories provides accurate and highly reliable monitoring solutions that help owners and operators of commercial and utility-scale PV systems maximize the efficiency and profitability of their solar assets.  As a supplier of end-to-end monitoring solutions, Draker’s turnkey systems combine proven field instrumentation with an intuitive web-based data management system and unmatched customer support. is external)About Con Edison Development
Launched in 1997, Con Edison Development focuses on the development, ownership and operation of renewable and energy infrastructure projects in the Northeast. Through acquisitions as well as greenfield development, Con Edison Development has owned, operated and marketed 1700 MW of electric generating facilities. The company has proven expertise in engineering and construction management, start-up and commissioning, and a strong track record of financial stability and regulatory experience. Con Edison Development is a subsidiary and registered trademark of Consolidated Edison, Inc., one of the nation’s largest investor-owned energy companies. More information can be obtained by calling 914-993-2185. You can also visit the Consolidated Edison, Inc. website at is external) for information on all of the Consolidated Edison companies.BURLINGTON, VT, USA ‘ October 18, 2011 – Draker Labslast_img read more

Tables turned as justices are quizzed by lawyers

first_img Tables turned as justices are quizzed by lawyers Mark D. Killian Managing Editor From the usefulness of amicus briefs to protocol for who gets to answer questions during oral argument, members of the Bar had a unique opportunity to fire questions at the Supreme Court during the Appellate Practice Section’s discussion with the court program at the Bar’s Annual Meeting.“Openness is one of the high values of the court and I think it is especially helpful when we do this every year. . . because it gives you an opportunity to come and instead of being peppered with questions from the bench, you get to ask a couple of questions yourself,” Chief Justice Harry Lee Anstead told those gathered at the Bar’s June convention in Boca Raton.What follows are some of the questions posed to the justices: • When there are two or more lawyers on the same side during oral argument, is it permissible for a lawyer not already at the podium to rise to answer a question asked his colleague?Anstead said it makes “eminent good sense” that if the lawyer seated is better equipped to respond to that question to do so.“We are generally only concerned with the consumption of the time and getting our questions addressed, because that represents the concerns that the justices have going into the oral argument,” Anstead said. “I see no reason why someone can’t be called up to the podium to respond to a question like that.”Justice Charlie Wells, however, noted the 20 minutes allotted for argument goes fast and that if you waste your time “with people bouncing up and down” you risk breaking the continuity of the argument.“What you are really looking for is the questions the court asks as opposed to a presentation by lawyers,” Wells said. “You want the court to get out on the table the things that are troubling the court. So if you are not in a position where you can answer that, then the person who can had better pop up real quick.”Justice Pariente, who became chief justice a week after the Annual Meeting, also said the justices are less interested in hearing presentations from lawyers before them as getting their questions answered.“If you can get your name out without a question, you are in good shape,” Pariente said. • A bill which failed in the legislature last session would have created a sixth district court of appeal in Southwest Florida. Is the court considering this issue?Anstead said the court has a history of studying the issue, but no recommendation for the new DCA has made it past the subcommittee stage in recent years.“I think that is still an issue that bears examination and study,” Pariente said, noting the proposals made this year in the legislature came without any prior discussion with the court.“We have been told that this year, the new legislature may not be interested in that issue,” Pariente said.Pariente has, however, decided to study the workloads of the DCAs again and the potential need for a new DCA to be created “in a global way so it does not become a partisan football.”The bill this year tied the creation of a new DCA to the approval of any new judgeships. • What is the point of motions for rehearing when on the one hand lawyers are not supposed to reargue something they already argued in their brief and on the other are not supposed to make new arguments?“When I was an attorney, I always thought motions for rehearing at the Florida Supreme Court were a waste of time, because it is hard enough to convince three DCA judges to change their minds and it’s especially difficult to get seven Supreme Court justices to change their minds,” Justice Raoul Cantero said.Cantero did, however, say he had good experiences filing motions for clarifications where he essentially accepted the court’s holding “but said we also argued X and you did not address that.“I thought the court was much more open to that: not asking to redo the merits, but addressing this one issue,” he said.Pariente also noted motions for clarification often “look like motions for rehearing.” • Do amicus briefs help the court in deciding cases?Cantero said in the vast majority of cases amicus briefs add nothing to the case because they simply restate the arguments made by the parties involved.“The amicus briefs I thought were helpful were those that come from a different perspective,” Cantero said. “If the parties are arguing a constitutional issue, they argue a statutory interpretation issue.”Cantero said an amicus is also useful if it educates the court about what is happening on the same issue in other states.Pariente also said it is helpful when truly neutral organizations weigh in on the issue, especially in rules cases.“What we see are a lot of not friends of the court, but friends of the appellate or appellee,” she said. Tables turned as justices are quizzed by lawyers August 1, 2004 Managing Editor Regular Newslast_img read more

McWatters to NCUA: Don’t treat credit unions like ‘Victorian-Era’ kids

first_imgNCUA Board Member J. Mark McWatters recently had some sharp words for the CU regulator.“NCUA should not treat members of the credit union community as Victorian era children—speak when you’re spoken to and otherwise mind your manners and go off with your nanny,” McWatters told the Pennsylvania CU Association’s annual meeting in Hershey last week.The agency “should, instead, renounce its imperious ‘my-way-or–the-highway’ approach and actively solicit input from the community on NCUA’s budget and the budgetary process,” he added.“I champion the right of the regulated to speak to the regulator on the record regarding the expenditure of their limited resources,” McWatters said. Rather than such hearings being “dog and pony shows,” he said, public hearings are “simply a matter of respect and professionalism evidenced through the lens of transparency and full accountability.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more