Troubled bank's president tries to go on vacation, is fired

[Newsjock]

Source: Seattle Times

Frontier Financial says its bank president was fired Monday due to "a dispute over the timing of a planned vacation" as the struggling company approached a crucial deadline.

The state's fifth-largest bank, ordered by regulators to find more money or a white knight by April 15, didn't terminate the son of its founder in a dispute over survival strategies or corporate vision, according to a regulatory filing Thursday.

Rather, John Dickson was fired over his spring-break plans.

"My termination followed your improper demand that I refrain from exercising my employment right to earned vacation time for a family vacation during my children's Spring Break starting on March 31, 2010," Dickson wrote in a letter to Frontier Bank Chairman and CEO Pat Fahey that was in the filing. "I had earlier given you timely notification of my vacation schedule."

Read more: http://seattletimes.nwsource.com/html/businesstechnology/2011498803_frontier02.html?prmid=obnetwork

[hobbit709]

1. Here's something for you, Dickson

:nopity: :nopity: :nopity: :nopity:

If you thought your vacation was more important than your job or your bank, maybe that's why the bank was in trouble in the first place.

[melm00se]

2. the question

regardless of the specifics of the company is: if the employee gave proper notice for his vacation, can the company fire him for taking it?

[zipplewrath]

3. Without a union?

Yes, he can be fired for it. Virtually all companies retain the right to "approve" vacation time, including withdrawing approval at virtually the last minute. In some jobs (police, fire, etc.) even with a union, it can be canceled.

[melm00se]

7. at this level

of employment there usually is a contract in place detailing the terms of employment/compensation and the like (but of course he fucked up a bank so he may not be the brightest bulb on the tree).

[safeinOhio]

4. With those big bucks

comes big responsibilities. Now if he want a job at the bank being a teller.......

[Brewman_Jax]

5. With great position and salary

comes great or greater responsibility. Also, that's a display of poor judgment to consider going on vacation while the bank is in trouble.

[LiberalFighter]

6. These were extraordinary conditions the bank was going thru

as such this individual failed to perform his fiduciary duty to the bank.

He was not concerned with his responsibility to complete the task by the deadline and risk the bank suffering major consequences. What was this guy thinking? He could take his vacation anytime. The family doesn't need to go someplace for spring break. They could just as easily reschedule it for the summer.

What an idiot. I hope his wife is happy he was terminated. :sarcasm: