Your article “The Value of Failure” by William Stanley in the February issue says a great deal about Canadian business and the Canadian banking system. The previous bank manager of the unnamed bank in the article was classed as a failure because he put his clientele as his first priority instead of the bank’s profit picture. The unnamed bank would surely have grown simply on the integrity of the manager. Once again we see portrayed the double standard. Failure is not making money. No matter how or what is involved in the exercise, if a profit picture arises, this is the criteria of success. Your branch manager was misrepresented on his performance record. He was not afraid of making mistakes. He was helping his clients to succeed by not forcing debt obligations upon them that would lead to financial suicide.
Success or failure depends on the interpretation. The interpretation can provide an overview of the ethics and morals of the person making the judgment. It would be most interesting to know if Mr Stanley ever hired the previous bank manager, after having made the reference check on him. This man was a very rare success. Georgina M. Colling, Midland, Ont. — 30 —
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