In the New York Times on February 8th, 2009, there was a full page ad from one of the megabanks trying to rationalize luxury junkets for their already highly-paid executives.
I was struck by the absurdity of it all. Rather than call these folks what they are, senior executives of the bank, the ad refers to them as "team members". It implies that these poor folks work hard all year and that this is the only recognition they get for all their hard efforts. Having actually worked in a bank, I've seen this from the inside. The actual "team members" work hard for low wages, and the executives who sit atop the pyramid get the annual junket.
This is bad enough already, but now let's add to the fact that the megabanks, having pleaded poverty, are now operating with a cash infusion from the taxpayers of billions of our money. But, in the recent ad, they claim that the money for these junkets is not using funds from "the government", but instead "come from our profits".
What profits? If they are now profitable (all of a sudden), let them first pay back the money they got out of our pockets!
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1 comment:
Quite right. The (mis)managers get all the money and glory, and the 'team members' are never asked to contribute feedback from the trenches which could actually head off potential catastrophies like the ones we are experiencing right now. All the people who are in contact with the customers know what is going on, but the egos of the head honchos are too big to allow that anyone 'under' them might actually know anything. Lip service and conference calls are not really for the purpose of input from the 'team members', they are just items to be checked off from the mandatory checklist. And lastly, if there are profits, then we obviously don't need to bail them out. Our priorities are so screwed up, teachers get paid next to nothing in comparison to these people who do absolutely. nothing.
Lorna Rainey
www.nativeintelligencethebook.com
http://lornarainy.blogspot.com
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