17 May 2010

Rogue Executives and Darwin

From "The Rise of the Rogue Executive"
Leonard Sayles and Cynthia Smith

"...Contemporary American acquisitive culture has been undercutting the very premises of capitalism: honest reporting and executives who believe they should serve shareholders' interests--not their own investment accounts, a half dozen homes connected by Gulfstream jets and enormous yachts, and their children and grandchildren's comforts. Many conservatives take pride in a social Darwinian culture, survival of the fittest. Losers are less fit and deserve less. But when "survival" is the result of gross deception and self-dealing, a "winner take all' philosophy, evolutionary platitudes are grossly deceptive. Winners may rapaciously suck up too much. Some will find it is easier to win by cheating than by the fierce competition that capitalist theory assumes. This is social Darwinism at its insidious worst."


p. 177