zaterdag 27 november 2010

The Cult of Personality

The writer of this article says the Enron executives, all members of a certain cult, didn't mean to practically bankrupt the state of California, but that they just didn't care about the impact of their shareholder value-driven competition on their surroundings.

In this kind of cult you can only find the exceptionally smart with financial success as their primary focus, whose membership can only be garanteed by continuous performance. Enron executives thought they were smarter than the other players on the market and made them believe in their continuous growth fairy tale, making a lot of money in the process, realising that somebody else would have to clean up their mess later on.

And when they succeeded in bringing in millions of dollars for their company, they convinced themselves not to be another ordinary criminal, but rather a hard-working businessman who doesn't mind the tough competition because competition eventually pays off for all of us, doesn't it?

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