Ed Shell This is Me

 Web References

1. 1. INSIDE BUSINESS

   www.insidebiz.com/InsideBusine - [Cached]

   Published on: 9/2/2002   Last Visited: 9/2/2002

   Ed Shell, senior vice president and director of Wachovia's Y2K cash-planning program, said he won't make a firm prediction about cash reserves. But, he added, he's not expecting a panicked run on banks during the last few days of the year.
   
   Wachovia started working on Y2K problems more than four years ago. "It's a matter that we have devoted a great deal of attention to and we have made extensive preparations. And we have ready access to substantial amounts of cash," Shell said.
   
   The key to preventing consumer panic is education, Shell added. "Wachovia … [is] certainly getting the information out to our customers about Y2K," he said.

2. 2. BAI Online | Banking Strategies | Nov/Dec 98 | The Uneasy Relationship

   www.bai.org/bankingstrategies/ - [Cached]

   Published on: 6/29/2001   Last Visited: 6/29/2001

   It's hard to maintain total marketplace familiarity of the pricing and availability of products , says Edward Shell 3d , senior vice president and manager of Wachovia's revenue enhancement and expense management initiatives group. Since the consultants are constantly assessing the market , they can advise on purchasing everything from personal computers to travel..
   
   One of the most controversial uses of consultants is to help banks arbitrate internal disputes and overcome management inertia.
   
   The $600 million-asset Merchants Bank of Burlington , Vermont , decided years ago to consolidate its corporate headquarters with its back office building , but no one followed up to get the job done.
   ...
   Consultants are steeped in selling , so they're constantly encouraging further undertakings , says Shell. To limit such prospecting , Shell often requires consultants to produce substantial results before he authorizes a project review meeting.
   
   Shell further recommends that consultants be asked to adhere to a code of conduct -- what he calls the rules of engagement -- that includes treating all employees respectfully and as partners. A designated person in the bank should also know about all of the consulting relationships underway. That helps ensure the bank gets a package deal from a consulting firm if , say , its information technology and credit card units are using the same firm for different projects.
   
   BankBoston's Blake suggests that institutions review their consulting relationships annually and put all projects out to bid. The idea behind such a review is to avoid developing house consultants -- firms that get hired year after year regardless of whether there's really enough work for them to do. He says Bank of Boston ( BankBoston's predecessor ) fell into just such a trap during the 1980s , paying a major consulting firm millions of dollars annually.

3. 3. insidebiz.com

   www.insidebiz.com/hamptonroads - [Cached]

   Published on: 6/14/2001   Last Visited: 6/14/2001

   Ed Shell , senior vice president and director of Wachovia's Y2K cash-planning program , said he won't make a firm prediction about cash reserves. But , he added , he's not expecting a panicked run on banks during the last few days of the year.
   
   Wachovia started working on Y2K problems more than four years ago.
   
   It's a matter that we have devoted a great deal of attention to and we have made extensive preparations. And we have ready access to substantial amounts of cash , Shell said.
   
   The key to preventing consumer panic is education , Shell added. Wachovia . . . [ is ] certainly getting the information out to our customers about Y2K , he said. It's been a very comprehensive program..