Daily Archives: June 12, 2009

When did Greed Become Bad?

Greed

… greed — for lack of a better word — is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms — greed for life, for money, for love, knowledge — has marked the upward surge of mankind.
And greed — you mark my words — will not only save Teldar Paper, but that other malfunctioning corporation called the USA.

I loved this speech in Wall Street, and think Gordon Gekko did a nice job framing greed.

But, is greed still good?

I’m still with Gekko.  I am greedy … for life, love, knowledge and – yep, I’ll say it … money.

Lately, it seems to be chic to be satisfied with less, and to vilify highly paid executives.  Take for example the outrage over AIG executive bonuses.  Even lacking an accurate understanding of their roles within the organization, tenure, tasks, risks, etc. people were outraged by these “exorbitant” bonuses.  And the outcry they didn’t “deserve” to be paid that much money because “they caused the problem”.  Did they?  Why was that assumed? (NOTE: I’m NOT attempting to start a discussion on AIG or the bailout here, just serving an example.  But, read this for some perspective.)   

Fueled by social media?

I do like the “village” mentality our economic woes seem to be creating.  I believe that mentality, coupled with …..

Read the post on AgentGenius