De Women Smiling While De Men Frowning on Spry Street

Submitted by Concerned Bajan

The word from that institution central to the Barbados economy on Spry Street is that the teetotalling ” Little Big Cheese” who took over the operation just before the change of government has most if not all the senior male employees in the organization in his bad books as he appears to have difficulty in relating to them and has been making life difficult for most of them, prompting some to take early retirement. The LBC seems to prefer to surround himself with members of the opposite sex and enjoys jovial and often exceptionally friendly relationships with them. Some insiders say that this is a Napoleonic complex as he seems to feel challenged by the guys and as a result he allows the girls to get away with murder and do as they like with his backing.

Word on the street is that if you are looking for a job at this institution the way in is to come on as a temp and then “wiggle” your way around on the top floor and sooner or later you will catch the eyes of LBC and a permanent position will be created for you.

Others are saying that LBC is unable to make decisions and is very poor at dealing with people, which has the organization heading for disaster and that the situation is worse than under the last ball head Doctor who even though he had his faults, was able to make decisions and had some ideas.

The words of a recently retired number two, who is now trying to sort out the public transport sector, still ring true. At a retirement function he said “the bank has lost its way“.

31 comments

  • This might generate 3,000 comments, but it register as malicious nonsense on the TheOmeter.

    Liked by 1 person

  • The value and quality of a blog is not always determined by the number of comments.

    Like

  • Women are generally nice people..

    .. except when they have mental health issues

    .. like bipolar manic depression due to testosterone

    Like

  • @ TheoGazerts,

    Clearly you have not lived in Barbados for donkey years.

    Like

  • @Hants

    Are you saying that “not bout hey” is the mission statement of Bim?

    Liked by 2 people

  • Oh dear!

    Liked by 1 person

  • “The value and quality of a blog is not always determined by the number of comments.”
    +++++++++++++++++++++++++++++++++++++++++

    A cup of hot fresh mint in de am sharpens de intellect..

    Ain’t that right Davie ??

    Like

  • 555dubstreet

    If we were to go by your characterization of women, then it will fair to concluded that the older a man gets, the nicer he becomes due plummeting testosterone level, and elevated estrogen level?

    Like

  • 555dubstreet

    If we were to go by your characterization of women, then it will fair to concluded that the older a man gets, the nicer he becomes due plumbing testosterone level, and elevated estrogen level?

    Lordie lordie 🔧🔨😥

    Like

  • Dirt Farmer

    What I really meant to say before I was interrupted, is that based on 555dubstreet characterization of women, then it is fair to concluded that as a man gets older, he gets nicer due to his decreased level of testosterone? Implying that increase levels of testosterone is partly responsible for the mental illness in some women.

    Like

  • Dirt Farmer

    And there is some association with aggression and testosterone level, however, I do not see where high testosterone levels in premenopausal and menopausal women, contributes to mental illness.

    Like

  • Dirty Farmer
    Dompey gine lecture here now …. the evidence is crystal clear on the association of sexual libido, with high levels of testosterone in men and estrogen in women, and a decreased level of both of the hormones in the the middle aged, can contribution to erectile dysfunction in men, and loss of sexual libido in women of the middle aged.

    Like

  • @ Dompey

    That was an earful Sir/Madam 👂

    Like

  • Dompey,

    Some people have intuitive knowledge and high perception for analysis, while others like yourself need to research facts before engaging in ill logic and barking up the wrong tree. Testosterone is good for men and is part of being a man.

    Women with bipolar disorder had significantly higher testosterone levels. Women who have gone through abuse or other trauma have a higher risk of developing a mental health condition, such as depression, anxiety, or post-traumatic stress disorder (PTSD).

    Like

  • Rhys Southall Diamant

    @LBC

    Good on the fine people of Barbados Bandera de Barbados

    The monarchy is an anachronistic institution that makes no real sense in the 21st century. And honestly, why on earth should an independent nation have its head of state based in a palace 4,000 miles away?

    Mia for life Supporters….Around de world..

    Like

  • Whenever this type publicity happens, it turns out to be a move afoot to oust the incumbent & is quite effective. The beneficiary with seasoned networking skills, most often limited common sense with a touch of bully oftentimes ascends to the highest realm. It’s the night of the long knives. Be careful out there folks.

    Like

  • this blog is based on nothing but gossip.

    Like

  • 555dubstreet

    Don’t feed into the common held stereotypes regarding mental illness associated with the the sexual, psychological, verbal, and emotional abused of women, because some women use their abused to change the trajectory or try to make a difference, so not all women suffer the effects of mental illness associated with their abused. However, counseling is an important step in move forward from their abused, but a lot of women whom had been abused are advocates against such abused.

    Like

  • 555dubstreet

    Sir, there is very little you can teach me about testosterone and its function in the body, whether it be animal or human, and I don’t mean to sound elitist.

    Like

  • @Concerned Bajan

    “the situation is worse than under the last ball head Doctor”

    If you don’t know the difference between bald and ball, then you have lost me, and I doubt that you can run any Central Bank.

    Like

  • @Concerned Bajan “the teetotalling”

    I wonder why it was necessary to mention teetotalling? I hope that this does not mean that hard drinking men are not being promoted? Because honestly they should not be.

    Like

  • The article seems to suggest that the governor has a fundamental problem that is common amongst many senior civil servants, the inability to manage people and make decisions in a timely manner. In many organizations in Barbados people advance based on their contacts, seniority or technical ability, only to find that their management skills are lacking. This seems to have been the case at the Central Bank not only now but before. How can it be solved ?

    Like

  • What is the HR department doing?

    Is the code of conduct procedures well documented and communicated to employees?

    Is there a confidential means of employees feeding back concerns to an independent party?

    Like

  • @To The Point,

    Does it need to be solved? Suppose the Central Bank is no longer needed?

    If you can make sense of what I just wrote, then you understand Barbados’s economic transactions and currency.

    If not, have fun working it out.

    Like

  • @Crusoe

    Your observation still leave open the root issue which is a type of behavuoir displayed by men in the workplace we need to curb.

    Like

  • DavidJune 8, 2021 6:29 AM @CrusoevYour observation still leave open the root issue which is a type of behavuoir displayed by men in the workplace we need to curb.

    Type of behaviour, by men ONLY?? Let us be real David. Women do the very same, to women! Yes, in the offices. Not only, I once saw a professionally dressed woman in public make a remark about a young, attractive teenage schoolgirl.

    Thinking and admiring quietly as to beauty is one thing, but to make a remark with clear attitude is predatory.

    And then they want to know ‘how de yutes get so’.

    Like

  • David and all the HR in the world will not get rid of it. Because some of the same HR and some of those who appear ‘good’ are just the ones who know how to play the system.

    It does not mean that it does not occur.

    Like

  • @Crusoe

    For the sake of moving the matter forward, let us agree the behaviour is pervasive. However, it does not change the fact men occupy more senior positions in organizations in Barbados.

    Like

  • $24m bank profit
    THE CENTRAL BANK is reporting a $24 million profit, but a $1.6 billion hole remains in its finances more than two years after Government’s domestic debt restructuring.
    Management of the country’s monetary authority says discussion on a recapitalisation plan for the institution started last November and will continue with the International Monetary Fund (IMF) this year.
    They asserted that despite the big accumulated deficit on the books and the assessed repercussions of COVID-19, there was no “significant impact” on the Central Bank’s ability to operate or meet its operating objectives.
    This information was shared in the bank’s 2020 annual report, which was recently laid in the House of Assembly and also published on the bank’s website.
    Governor Cleviston Haynes said: “The bank registered a net income of $24 million, despite the low interest rate environment for international reserves investments.
    Improved earnings
    “This performance reflected improved foreign exchange earnings from the larger holdings of reserves and gains from lower expenditures occasioned by the deferral of some operations as a result of COVID-19.”
    Haynes added that preliminary work “started on the recapitalisation plan for the bank during 2020” and its consolidated financial statements for the year ended December 31, 2020 said the profit was an increase over 2019’s $15.3 million.
    The $1.6 billion accumulated deficit relates mainly to treasury bills and debentures the bank held when Government restructured its domestic debt in 2018.
    “Management has concluded that the going concern assumption is appropriate for the bank. [It] continues to perform its statutory purpose and management has reasonable expectations that the bank will continue to be profitable and generate cash flows to meet its operating requirements over 12 months from the reporting date.
    “In November 2020, the bank consulted with an IMF mission team to discuss recapitalisation. The purpose of the mission was to analyse the bank’s revenue generating capacity and capital needs to achieve policy solvency in the near to medium term through a Government recapitalisation plan. The bank will continue these discussions during 2021.”
    In the independent auditor’s report, PricewaterhouseCoopers said the report “present fairly, in all material respects, the consolidated financial position of Central Bank of Barbados and its subsidiaries as at December 31, 2020”.
    At the end of last year, the Central Bank’s total assets increased by $1.1 billion to reach $3.6 billion, with inflows from the IMF and other international funding agencies boosting the reserve of external assets by about $1.2 billion.
    Local assets declined by $61.4 million, “reflecting the decrease in advances to Government during the year”.
    The bank’s expenses decreased by $10.9 million last year. The administrative component of these costs “contracted by $2.4 million because of less staff-related activity in 2020”, and retirement benefits also declined as a result of the nonrecurring staff voluntary contributions of $2.8 million to the pension plan in 2019.
    “These reductions were offset by increased interest costs related to charges on the IMF Extended Fund Facility. Additionally, the bank incurred a write-off of $4.3 million of fixed assets. A net credit loss recovery of $8.5 million was also recorded on local securities, as opposed to a charge of $2.1 million in 2019,” said the report. (SC)

    Source: Nation

    Like

  • Mon 08/16/2021
    Ill winds may blow
    MAYBE IT IS just a rumour, but these days, rumours have a habit of coming true.
    The job of the Governor of the Central Bank cannot be an easy one, especially if he
    does not have strong willpower. One Governor has been heard to say that he is a
    creature of the Minister of Finance, and another Governor has had to toe the line. Today
    we note that the powers of the Governor have been strengthened by further isolation of
    the bank and he has been more isolated from the aims of the Minister of Finance. The
    International Monetary Fund was very much involved with the need to make changes so
    that the Governor would be isolated.
    This is really with respect to the behaviour of the Central Bank, but not with respect to
    whether or not he retains his job. So the problem still remains that the Minister of
    Finance has ultimate say in whether or not he keeps his job.
    Today, many of the decisions of the Central Bank have been foisted upon it by the
    worsening circumstances of Barbados brought on by COVID-19, the volcanic ash,
    Hurricane Elsa and a host of unexpected (or expected) circumstances, the major ones
    being the left-over effects of the past administration and placing the bond losses in its
    portfolio. This is not to say that there are not many instances of uncollected revenue,
    maybe owed by the rich and famous entities that could lessen the burden of the Central
    Bank.
    That the present Governor has steered the ship well cannot be gainsaid. Perhaps lesser
    mortals would have balked at the challenges. Indeed, we have seen where in other vital
    areas those in charge have been sorely lacking in performance.
    The saying silence is golden may apply.
    I have a problem with institutions that encroach on the business of money and which
    seem to allow all sorts of operations in Barbados. I have spoken about them already.
    They are the institutions that offer high rates of interest payment for depositors that do
    not correlate with the financial guidelines of commercial business, yet they operate
    freely in Barbados. I am not referring to commercial banks. Commercial banks have their
    own problem with respect to low interest rates for savings and high commissions.
    Barbados tax
    Some time ago the issue of using the facilities of the commercial banks to pay for

    goods from overseas came up for discussion and requiring Amazon and other stores
    overseas to add the Barbados tax to the purchaser’s bill.
    Obviously, local businesses must have been complaining and voiced their concern.
    While it is true that institutions are promoting their goods to accommodate the lowest
    common denominator, the eventual profit margin is unconscionable. I think that more
    and closer oversight is required, knowing the history of failure of institutions in
    Barbados. I would be the last one to query the report of the Auditor General. His report
    may be the thin edge of the wedge.
    Every institution with a computer now offers credit card facilities where the interest
    factor can be as high as 35 per cent in addition to other charges for late payments.
    Time after time you see where I have criticised the printing of money and the
    deteriorating credit rating of Barbados. Indeed, when it seemed that the Central Bank
    was taking note, the Governor was fired. Although the present Governor cannot be
    blamed for the condition in which Barbados now finds itself, he needs to be careful that
    he is not embroiled in whatever failure may accrue to the fortunes of Barbados. Ill winds
    do not always blow from the east off the coast of Africa, and we are not always advised
    of their coming.
    I remember a storm was right over Barbados and we did not know. You see, bad things
    do not always happen from the area where you may be looking.
    You know that the monkey, because of his sagacity, was the one appointed king of the
    beasts at a sideshow that was not proven authentic. The jackass, whose strong point
    was braying, professed to be the real king ( Sparrow sang about it). In a voting
    ceremony in 1526 the monkey lost his work and the jackass was crowned king. I would
    advise the Governor of the Central Bank to gird his loins. Fasten his seat belt. Be
    prepared for lack of gravity in space.
    A past Prime Minister never used to mince words! He had his say.
    Harry Russell is a banker. Email quijote70@gmail.com
    DAILY NATION
    HARRY
    RUSSELL
    WILD COOT

    Like

  • Too many John’s on the blog, we anoint you John 3.

    John
    John A
    John 2

    Like

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