Vantage West CEO Robert Ramirez Leaves Legacy of Growth | Economic news
“I remember saying, ‘I’m ready to take a step back and take two steps forward,’ or something cheesy like that, and ‘I’m willing to take a pay cut of about $ 5,000,’ I said. remember, to come, ”he said.
The credit union hired him as executive vice president and controller based on those two concessions, but when he showed up for work on day one – in a new Dillard suit – the chief financial officer of the credit union was half an hour late for their first meeting.
“He walks in, and I’ll never forget, he had a bunch of keys and (dropped them) and said, ‘Bob, good luck to you, I just quit,'” he recalls.
Ramirez served as interim CFO for six months, overseeing a staff of 10 and a financial system that had fallen into “absolute mess.”
Shortly after, bank examiners downgraded the credit union’s rating, Ramirez said, recalling how “pretty upset” the then CEO was.
Ramirez said he promised to restore the credit union’s highest rating in a few months and the CEO said he would double Ramirez’s salary and make him a permanent CFO if he could.
Ramirez succeeded and was appointed CFO.
In 1999, Ramirez said that “these keys have fallen from the sky again” when the then CEO of the credit union announced he was retiring.