Admittedly it is the really bad ones that get the exposure - Fay, Richwhite, Petrocivic, all the various leaders of recently collapsed finance companies, the old 'corporation' bandits of 1987 - but there are many out there that I know who are self-serving and uncaring. Their mantra (which disguises their own golden parachute production) is 'we must get the best return for our shareholders'. They pay lip-service to staff by incorporating crap phrases into their mission statements like 'our people are our most important asset". Yeah right - this 'most important asset' is the first to get dumped when shareholders investments are a bit down - look at Cadbury, Feltex and a host of other producers recently.
I don't buy into 'CEO's are really nice people'.
4 comments:
Only Robert cares about CEOs.
Case study...
"You are a contributer to a finance company for a superanuation fund.You get your yearly FUND STATEMENT : Financial Independence Plan Li : xxxxxx-1
(actuals numbers removed for security reasons).
You have contributed $1600 dollars the past year but your statement says you have added only $500 to your fund.
Do you ...
1. Go to fair go
2. Say nothing and trust the CEO
3. Thank the Lord that they haven't gone bust
4. Forget it and trust they are acting in your best interest.
This is a good time to go to Jesus for help. No one else will care.
Call the CEO at her holiday home in the Cayman Islands.
Ask her what she's done with your $1100. Probably bought a Gucci scarf on the way over.
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