I think most people have heard all about the Northern Rock crisis, I certainly noticed its effect on the share price for Standard Life.
What made me smile was the editorial by Tom Ilube, on the BBC website entitled “when Online Bank Sites Fail”. It was the last paragraph that did it.
That Northern Rock IT director is the only IT executive in the UK online bank world today who has been at the sharp end of a digital run on the bank.
That direct experience is invaluable – and whatever happens to the rest of Northern Rock’s executives, he will be in high demand to share his experience across the finance sector and make the whole online banking world safer.
So will the headhunters be after the IT director next week, when he is looking for a job or will the openings be few and far between for letting it happen in the first place!