To Trust or Not to Trust, That Is the Question
Monday, November 16th, 2009The Hart Research Associates poll showed that top executives are even more disliked than politicians. … The vast majority of potential jurors see corporate CEOs as greedy and willing to break the law.” —LA Times, 11/10/09
It’s a sad day when business leaders are lower on the trust pole than politicians. Actually, I didn’t think any group could be rated lower than politicians.
The saddest part is that the great majority of men and women running small, medium and even large companies don’t lie, cheat or steal; they aren’t particularly greedy and they don’t break the law.
The problem is that many of those who do fit the profile, and there are plenty, run high profile companies in the same or related industry—think financial services and autos to name two glaring examples.
I think part of what’s going on is the spread of the lemming mentality.
You see it a lot in the venture world. During the internet boom no matter how good your business plan if it wasn’t .com you could pretty much forget getting funded. These days the magic markets are green/clean tech, healthcare and mobile anything. In other words, if one jumps off a cliff all the rest will follow.
I have a friend who says that the more expensive the suit the lower his initial trust level; I might agree except that I’m sure that the folks wearing them are aware of the prejudice. Therefore, I have to believe that they are either arrogant enough to believe we are all dumb/disinterested/ignorant not to notice or they just don’t give a damn.
The real question in all this is what are we going to do about it?
Are we going to wring our collective hands, tar all business with the same brush, lament the mentality that drives our distrust and then let it all sink back into the muck when the economy turns around—out of sight, out of mind?
Or are we going to get active, demand better accountability, force business leaders to toe an ethical line and avoid our normal memory loss?
Image credit: powerbooktrance on flickr