Fifth Estate Best Practices and Democracy

Fifth Estate Best Practices and Democracy
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The Fifth Estate extends from the blogosphere to the community and the ways participants hold the powers accountable. The Fourth Estate, the media, held some of that responsibility, but with supreme powers having gone global, the job of authentic communications is shifting to the people. Compelling stories showcase technological innovations, best practices of business to government, policy, education and law, or just plain being.

JULY 19, 2010 1:35PM

Are Rich CEO’s Mean?

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Let’s face it, most CEO’s are rich.  Now a Harvard Study shows that the richer they are, the meaner CEO’s can be.

 

mean boss 3b professionallife 

 

The abused workers don’t have all the answers, but I queried a few to ask if they thought this was true and why. Here are some of what the respondents said:

 

-   The use of technology has diminished the human aspect of corporate life. 

 

-   Employees are no longer viewed as people, but as numbers, especially in 

    comparison with profits.  

 

-   People fear and hate how CEO’s make decisions.

 

-   CEO’s have been chosen to lead because they are separatists who think 

    about the rich vs. everyone else.

 

-   The investors make bosses meaner.

 

The formal research entitled, "When Executives Rake in Millions: Meanness in Organizations," was conducted by Sreedhari Desai of Harvard University, Arthur Brief of the University of Utah and Jennifer George of Rice University.  The abstract for the paper cites:

 

“Specifically, we claim that higher income inequality between executives and ordinary workers results in executives perceiving themselves as being all-powerful and this perception of power leads them to maltreat rank and file workers. 

 

“We present findings from two studies - an archival study and a laboratory experiment – that show that increasing executive compensation results in executives behaving meanly toward those lower down the hierarchy. We discuss the implications of our findings for organizations and offer some solutions to the problem."

 

The Harvard paper can be purchased here: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1612486"

 

Solutions are listed in the study.  In the meantime, the best advice is to shut up and do what you’re told.  If you have any other suggestions, please comment.

 

 

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Not only are CEO's mean, they're also greedy and insensitive to the needs of both their employees and our society in general. How many times have we seen environmental disasters caused because companies have taken shortcuts that may have helped their shareholders maximize their investments at the cost of everyone else? How often have we seen CEO's sell their companies and then watch the employees responsible for creating their company's value lose their jobs. What about them not stopping the raiding of employee pension funds. They fail to care about what happens to the families of these people. The fact that their kids can't go to college, or they lose their homes, is of little or no concern to these people. Just because they don't beat their kids or kick their dogs, many of them are still mean spirited people.