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	<title>Jerk Bosses I Have Known</title>
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		<title>Moral Compromises at the Corporate Level</title>
		<link>http://www.jerkbossesihaveknown.com/58/moral-compromises-at-the-corporate-level/</link>
		<comments>http://www.jerkbossesihaveknown.com/58/moral-compromises-at-the-corporate-level/#comments</comments>
		<pubDate>Mon, 15 Oct 2007 16:20:29 +0000</pubDate>
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				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Accounting Procedures]]></category>
		<category><![CDATA[Billion Dollars]]></category>
		<category><![CDATA[Business Conflicts]]></category>
		<category><![CDATA[Chief Financial Officer]]></category>
		<category><![CDATA[Company Resources]]></category>
		<category><![CDATA[Compromises]]></category>
		<category><![CDATA[Eleven Years]]></category>
		<category><![CDATA[Financial Executives]]></category>
		<category><![CDATA[Inequities]]></category>
		<category><![CDATA[Management Team]]></category>
		<category><![CDATA[Marriage Family]]></category>
		<category><![CDATA[Misappropriation]]></category>
		<category><![CDATA[Pocketbooks]]></category>
		<category><![CDATA[Retirement Fund]]></category>
		<category><![CDATA[Retirement Incomes]]></category>
		<category><![CDATA[Stockholders]]></category>
		<category><![CDATA[Team Business]]></category>
		<category><![CDATA[Top Management]]></category>
		<category><![CDATA[Troublesome Questions]]></category>
		<category><![CDATA[Watchdog Role]]></category>

		<guid isPermaLink="false">http://jerkbossesihaveknown.ryeglasses.com/?p=58</guid>
		<description><![CDATA[<br /><br />Here is an example. Person X was the C.F.O. ( Chief Financial Officer) of a large corporation with 3,000 employees and close to a billion dollars in sales a year. After a couple of years on the job, person X began discovering practices that disturbed him. For one thing , the company was mismanaging the [...]<br /><br /><br /><br />]]></description>
			<content:encoded><![CDATA[<p>Here is an example.</p>
<p>Person X was the C.F.O.  ( Chief Financial Officer) of a large corporation with 3,000 employees and close to a  billion dollars in sales a year.  After a couple of years on the job, person X began discovering practices that disturbed him.    For one thing ,   the company was mismanaging the employees retirement fund  and funds in a manner that put the employees funds and retirement incomes at risk with the I.R.S.  For another , the company was using incorrect and unfair accounting procedures.  X also discovered that certain customers were receiving preferential treatments while other valued customers were not.</p>
<p>X  felt responsible and wanted to correct these inequities.  Although acknowledging he was right , others in top management continually dragged their feet.  Then  X discovered actual misappropriation of company resources by one executive.  X demanded action and got it,  but still sensed that he was working against continual resistance.</p>
<p>X  became more and more convinced that those in control lacked honesty and integrity.  His own role had become a negative one ; he was always raising troublesome questions.     X stayed at his post of eleven years.  During that time he influenced company policy to the benefit of  employees and stockholders.  Both groups would of otherwise suffered from the selfish and shortsighted actions of executives who were only looking out for themselves and their pocketbooks.</p>
<p>Still the constant tension and conflict wore on X himself. He did not relish his watchdog role , and often felt hypocritical for being part of an unprincipled management team.  Business conflicts absorbed him to the point that his marriage , family and personal mental health suffered.</p>
<p>X did consider quitting for a long time, again and again.  He was one of the highest paid financial executives in his field , and he knew that if he left his job, he would most likely have to take a pay cut.  Over fifty and overqualified he even might have difficulty finding another position.</p>
<p>X felt responsible and wanted to correct</p>
<p align="right">Stupid idiots.</p>
<p align="right">&nbsp;</p>
<p align="right">And you wonder why North America is having trouble.</p>
<p align="right">&nbsp;</p>
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