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2 years agoI’ve worked at many financial institutions and government agencies, and they all have extremely old mainframe systems running COBOL. Every time the executives bolster “We’re finally going to move off of this old system and modernize”, I show them the price and they scamper off into their back rooms to whine about profit margins. It’s always fun when something does go wrong with those systems and they go through the cycle all over again, but now it’s even more expensive to fix
In my experience, the C-Suite dicks will put the hammer down on someone and maybe fire a couple of folks. They’ll demand a summary of what happened and what will be done to stop it from happening again. IT will provide legit options to resolve this long term, but because that comes with a price tag they’ll be told to fix it with “process changes” and the cycle continues.
If they give IT money that’s less for themselves at EOY for bonuses so it’s a big concern /s