Finance is an amoral world, bordering on the immoral. Take the financial transaction tax. The idea: there is horrific poverty so let’s levy a tiny tax and use it to alleviate that. But when I suggest to my clients this might be a good idea, I practically get lynched. No way, they say. They want to pay as little tax as possible, and that’s it.
As I said, amoral bordering on the immoral. Take the PPI mis-selling where essentially banks sold people insurance that was worthless. They get caught and the banks have to pay people their money back. Next thing you know, banks hire incredibly expensive ‘consultants’ to find ways to pay as little as possible.
It’s almost a perversion. The CEOs such as Fred Goodwin and Jamie Dimon and the like. They present themselves as to the outside world as posh and erudite and sophisticated; as supermen. But they are just like you and me, with similar needs and fears. We shouldn’t fall for their spiel.
What would shock readers most when they saw what I see? Let me think. How so many brilliant, arrogant, super-talented young people get abused, sucked dry, burned out and then tossed aside by corporations and banks. In the early days of capitalism it seems the game was to exploit the less gifted; miners, factory workers etc. Today it’s about taking advantage of talent. People are used, then discarded. Especially these days with the crisis. Fear rules supreme. You can get fired any moment, five minutes and you’re gone. Corporations fan out over universities making all these promises. But very few people make it to ‘the boardroom’.”—source: http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/jun/18/executive-coach-finance-amoral-world