Bringing Down A Satellite
A long-time in-plant manager reminisces about his in-plant’s fate after his company, Mellon Financial, merged with the Bank of New York.
Insourcing Helps
When Mellon divested itself of retail banking, our local customer base evaporated. Our in-plant in Philadelphia quickly regained some altitude by insourcing the outgoing retail banking and other departments that were leaving. This kept us out of reach for another five years.
Unfortunately, someone’s outside revenue is another’s liability, or so I was told.
- People:
- Mellon
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