BOK Financial Corp (NASDAQ:BOKF)

CAPS Rating: 2 out of 5

A financial holding company that offers full service banking in Oklahoma, Dallas and Houston, Texas, Albuquerque, New Mexico, Northwest Arkansas, Denver, Colorado, and Phoenix, Arizona.

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Player Avatar deadstock (< 20) Submitted: 6/18/2007 3:34:31 PM : Underperform Start Price: $44.22 BOKF Score: -22.58

Sources inside BOKF tell me that it is consistently making mistakes in its hourly employee payroll. It frequently underpays and overpays due to the incredibly complex and backwards system they use. Hourly employees cannot decipher their own pay stubs, and when they ask their bosses, their bosses are baffled too. It has been this way for years, with no signs of improvement on the way. If BOKF is so incompetent and careless about something as fundamental as paying hourly employees properly, then I have to wonder where else they are playing fast and loose with the numbers. In the long term, this lack of attention to detail will cause problems for any company. This is especially true, though, for a bank; a bank is founded on its reputation and on people's faith in its ability to handle their money properly and with scrupulous detail.

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