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The wall street way or the capricious CEO ( A rather lagre generalization by Kram)
02.20.09 (12:15 am)   [edit]
I was reading another blog about the excesses of wall street and how some CEO,s still expected bonuses even when everything had gone to hell. And i felt the need to put in my two cents worth. I thought you may be interested in some of my thoughts.

There are a few problems with the system. The first one is the unexplained expectation that we expect capitalism to be fair to everyone. It is a bit like communism expecting everyone to pull their weight. It is well intentioned but it just doesn't happen.

Another one is.

A rabbit eats grass an eagle eats meat and either one will die before it changes it habits. Why are we expecting these guys to show repentance or true humility? it is just not inside them.

From a morel or ethical point of view I cannot understand why we let these guys call the shots so much. They are supposed to be some of the so called cleverest of the clever and look at where they put us.

Cleaver they may be, with numbers and stuff but ask them to show a little bit of emotional intelligence or humane compassion for the less well of in society and they will give you 10 reasons why they are so clever and deserve more for themselves. We "take risks they say", We "do things", we "make things happen" This is not really a bad thing it is just the way their personality works. They are bound by their genetic make-up to behave a certain way.

Therefore I cannot see why we reward an individual in our society who is only doing what comes naturally to them. Put any one of these CEOs in charge of a ten man operation and they cant stop themselves from turning it into 5000 man operation in 10 years. Put another type of personality in charge and they will turn it into a 10 man operation in 5years because they have a need inside them to touch their work intimately .

Who is more valuable?

Is it The CEO who never gets his hands dirty, The self promoting so called visionary? that tells everyone they cant do without him? Or the people who actually do the stuff? The stuff that makes the CEO Look like he is achieving "Goals" . I think we both need each other. And I think a good leader does deserve some compensation for leading.

However..... When his or her reward for doing what comes naturally to them is disproportionately excessive I feel the rest of society has to remind these individuals of their own blind spots or personality holes.

I have problems accepting the reasoning that the CEOs deserve more than 200 to 250 times the reward of the lowest in our society. Just because he or she finds it uninteresting to be hands on making, serving or day to day cleaning, does not mean he is more or less valuable to society. (Their personality type would possibily beg to differ) They are just part of our society.

The trouble is the lawmakers seem to be beholden to these guys

I think the problems start when they are left in groups by themselves without enough other personalities in the mix to compensate for their narrow mindedness.

But quiet frankly 99 percent of the population don't give a damm what they do because we don't relate to what interests them. (POWER and subsequently MONEY)

The rest of us just want the basics in life. A safe society, a roof over our heads with a warm bed, access to healthy food, basic health and dental care for our families, A bit of money left over to buy reliable transport and a few technological nick nacks. It sounds like heaven on earth.

What more could you want?

If you are a CEO you want a lot more! enough is never enough.