Thoughts To Live By…

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What is particularly dismal about the situation is that the most ardent proponents of this bastardized work ethic — the same people who have promoted the similarly bastardized version of The Golden Rule — are the ones who most benefit from the efforts of the less benefited slaves under them.  The American Aristocracy, for example, are living in the best of circumstances — a situation directly attributed to the fact they those who work for anyone, are indeed working for someone’s benefit other than that of the worker.

Note for example, that in 1970, the average Chief Executive Officer of a corporation was receiving in total compensation an average of 47 times the compensation of the lowest paid worker of that corporation.  In 2002, this multiplier had arrived at an average value of roughly 500.  This is hideous in the extreme!  One CEO, after laying off thousands of workers, was boastful of saving the company 25 million dollars in wages and benefits.  Her salary, by the way, was 75 million dollars — or three times the alleged savings.

The Corporate Rule version of the work ethic — the essence of Capitalism — can thus never be considered to be a good thing when anyone’s efforts and work benefit an owner or employer far more than it benefits the worker.  Working for anyone — that is to say working so that others reap the bulk of the benefits of the work, and do so without the willing and enthusiastic consent of the worker — is a travesty.  The fact that the Boards of Directors of these corporations allow this highway robbery is an example of the pointless nature of having a board to begin with — especially when CEOs and other regularly control the boards with all manner of legalized barn carpeting.  [And with the members of the board receiving equally unconscionable fees may also have something to do with it.]

Capitalism is not, in and of itself, a bad thing.  But employer/employee wage ratios of 50 to 500 (or more) quickly becomes unconscionable.  The idea that an employer gives an employee a job or work is ludicrous.  Rather an employer entices an employee to work for others by establishing an organization where all can benefit according to their contribution.


“Despite the existence of ethics programs at many companies, more than 75% of the employees surveyed by accounting and consulting firm KPMG LLP say that in the last 12 months they have observed legal violations or violations of company standards within their organizations.

The most common infractions: sexual harassment, employment discrimination, deceptive sales practices, breach of the environment and unsafe working conditions.

In addition, 61% of those surveyed by KPMG said they did not think their company would discipline individuals who were guilty of an ethical infraction. Nearly as many — 55% — said their CEO was unapproachable if an employee needed to deliver “bad” news.”

Source: Industry Week: June 1, 2000

July 2020


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