The Tribune

EDITOR, The Tribune.

I waited a day before sending this letter to your paper as I did not want your readers to think it was a response to an April fool’s joke.

I am referring to Shane Gibson’s comments concerning the Bank of Nova Scotia’s decision to downsize their operations in The Bahamas. Of course this is a business decision. If you are not optimising your profitable operations anywhere on this globe, you are a failing organisation and the result is that the Bank’s CEO would be fired. Shareholders would demand it.

I believe there are more shareholders of the Bank of Nova Scotia’s than the population of The Bahamas. 

For the record, I am not a shareholder of the bank.

Shane Gibson’s comments speak volumes about the current government.

If Shane Gibson is a reasonable example of the calibre of the current government cabinet ministers, it is very obvious as to why they are failing in virtually everything they try to manage.

Gibson’s comment’s that the bank cares more about profits than its personnel are correct. If they did not think about profits, then continuing to pay employees while losing money would result in all employees losing their jobs. Is this what Shane Gibson is advocating?

I think the answer is a resounding yes. He would like to see the Bank of Nova Scotia continue to pay an excess of employees their wages until the bank moves lock, stock and barrel out of The Bahamas.

This attitude is why the government run organisations like Bahamasair, BEC, the hotels previously run by the government and too many other examples to go into here, all have all been extraordinary failures.

They have been vote getting machines rather than well run organisations which deliver a good service to Bahamians. Billions of dollars have, and continue to be wasted on these money losing endeavours and no one seems to care other than the press which is being told to “Go to Hell”.

Can you imagine a government run medical programme. Lord help The Bahamas.

Shane Gibson would not last two days in the private sector where to remain profitable is essential. Instead of useless rhetoric about a very successful bank’s decision to downsize due to the dismal failure of this government’s mandate to improve the economy, Shane Gibson should be sitting up nights doing everything possible to keep what is left of the Canadian banks operations from deteriorating further.

It’s the economy, stupid!

RESIDENT WHO DOES NOT WANT TO BE VICTIMISED

Nassau,

April 2, 2015.