There are many examples of companies being more interested in Wall Street than in main street in this country. Here is one persons perspective on Carly Fiorina that exemplifies this recent attitude in America. But who is really to blame for these short sighted policies. Don't most CEO's implement strategies that the board determines. Even if they do it in partnership it seems to me that boards of directors have become the hidden elitist overly greedy profit mongers of today. The likes of which had not been seen since Henry Ford, and John D. Rockefeller. These truly greedy individuals were willing to sacrifice everything including the lives of hundreds of human beings to become wealthier and more powerful. The good of the customer, the country and the employee did not enter into their thinking and at best any good they did was accidental. And before anyone says "What about the philanthropy of the Rockefeller Foundation" let me set you straight. That foundation along with many others, was eventually setup as a public relations initiative because people of the United States came to hate these individuals and how they succeeded on the pain and misery of others.
It is not greed by itself that is bad, we need greed to grow and prosper and few of us want to do worse financially in the future than today. What is bad is unbridled greed that is achieve at too great a price for customers, employees and ultimately stock holders. Can anyone say Enron, or WorldCom, or Martha Steward...
I suspect that real grief awaits the boards of many companies if these companies do not regain a balanced perspective on business in America and stop paying lip service to customer and employee satisfaction.
If your company is in a bad way then consider firing the board, not the CEO.
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