The Worship of Mammon (the false god of greed) by Evelyn De MorganI received an interesting email from Australia yesterday. It was from someone talking about structure – or current restructuring – of the company they work for.
Recently, a new CEO was appointed who is based in the US. The new CEO has decided to implement what’s apparently called, ‘The American Model’, at the company. The effect of this new implementation has so far included:
• Several retrenchments
• Accepting a drop in pay or face the axe
• Accepting a drop in work hours or face the axe
• Swapping from full-time positions to consultancy or casual contracts
Sounds enticing, doesn’t it? It’s also important to keep in mind that the positions in question are pretty much all very highly skilled, as is the industry.
What it also means is that these staff members will now enjoy no real job security.
More than that, the Australian manager, who has always been regarded very favourably – indeed I thought so myself – has now become not only quite disliked for what he’s done but apparently changed markedly and embraced this ‘new regime’, espousing its merit to those who are, unfortunately for them, affected by it.
At first, I didn’t think much of him either but then I realised in this current climate, he’s a husband and a father with a family of his own to maintain. I guess he really doesn’t have a choice because he needs his job. But then from what I’ve discovered, he has used terms like, ‘now that we’re embracing “The American Model”’, which doesn’t make it sounds like he’s losing much sleep over it. Who knows? Maybe it has something to do with self-preservation.
Certainly, the American CEO couldn’t care less. He’s only interested in the bottom line, which is what life has seemed to be about up until now anyway.
What I do find remarkable is that it’s CEOs like this dickhead who, in my opinion, have helped bring the world to the state it’s in anyway. And not just American ones. They’re a global breed but you rarely see them suffering even if the company they run strikes difficulties. For some reason for which I don’t have the answer, they quite often end up resigning with enormous, actually obscene, handshakes. It’s criminal.
But that’s what our Western World is like. There’re great elements to it and there are also very ugly elements to it. We’ve become obsessed with materialism – and I’ve not been immune to this at times – and now the party’s well and truly over, especially for those who’ve over extended themselves.
I read this week where in Australia there is a glut of used Ferraris and Aston Martins for sale, selling for far under the price they were formerly worth. Suddenly, all these hotshot guys – and maybe gals – have crashed into a wall and the seams of their affluent (on paper) lives have become unstitched. It’s utterly humiliating and terrifying for them and I really do feel for them and their families if they have them.
The trouble is we place so much value on the material things we have in life. We’re wanters by nature maybe and, like sport, it’s very often a competition to see how much of it you can grab. I don’t know whether that is right or wrong but I know that when you read about fathers committing suicide because the money is gone it’s both tragic and ridiculous. I suspect they do it for a few or reasons: the personal humiliation, the failure and the desperation of not knowing how they’ll go on – not just for themselves but for their families.
While you can argue that the effect of losing everything material is worth ‘totalling’ yourself over, the ludicrous and frightening point is this particular act suggests, directly or indirectly, that we value money over humanity.