Corporate Chatter

HELLO everyone.

In the tightly held large market of high profile and multi-million dollar corporate accounts, a sudden or shock departure or incident - especially when it’s at the expense of one of the large global TMCs - makes for frenzied fodder for everyone.

This week’s persistent and high-voltage rumour is that one of Australia’s big four banks has very recently fired its long-term TMC and appointed auditors to trawl through the books in search of irregularities and alleged evidence of travel program mismanagement.

One would not want to be the general manager of THAT Corporate TMC!

There must also be red faces within the bank as they have apparently been very generous over recent years with great references and referrals for their recently exited travel agent. Oops. I wonder if that was the previous or current procurement.

Meanwhile, as per the old saying, one man’s misery is another’s good fortune. So, kudos to another TMC who has now rushed to offer their services and been appointed interim travel manager, no doubt secretly relishing the mess left by their disgraced competitor.

It must also be a lifeline and relief for their sales team according to insiders who had expressed concern at the lack of large account wins in market over a long period.

Whilst this story has a long way to play out before we find out what really went down and clarify fact from fiction, it is a reminder of the brutal and often unforgiving culture of the large corporate, where years of good, honest and hard work by dedicated professionals can be just swiped away if the wrong person’s “reputation” or “miscellaneous agenda” rears its ugly head.

I’m not saying this has happened in this case, but it does take place.

Wishing good luck and justice to the innocent.

Please drop us a confidential note if we can assist.

It is a reminder of the brutal and often unforgiving culture of the large corporate...’