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Bank One to keep tech an inside job; Job market and new efforts feed hiring binge.(Technology)
Crain's Chicago Business, February, 2003 by Daniels, Steve
Byline: STEVE DANIELS Bank One Corp. has taken a new tack on tech. Once one of the leading financial institutions in outsourcing technology functions, Bank One is bucking the trend by bringing technology support in-house. In the last 15 months, following its decision to jettison information technology outsourcing agreements with IBM Corp.
and AT&T Corp., the bank has been a virtual one-company employment source for Chicago's technology workers, many of whom lost their jobs in the dot.com bust. Bank One has hired 1,700 IT workers in Chicago and isn't finished yet, says Chief Information Officer Austin Adams. The hiring spree is part of Chairman and CEO Jamie Dimon's plan to take control internally of Chicago-based Bank One's computer systems and...
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