Monday, October 19, 2009

Workplace bullying brought down the world economy

If it sounds hyperbolic that workplace bullying could bring down an entire world economy, think about the communicative property of mathematics. If a = b and b = c, then a = c. Simple! Now, consider a journalistic analysis published over this October 17, 2009 weekend by news reporter Kevin G. Hall of McClatchy Company: http://www.mcclatchydc.com/economy/story/77244.html

“As the housing market collapsed in late 2007, Moody’s Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country [and therefore world investors] into its worst financial crisis since the Great Depression.”

As this horrific tale of work abuse goes, Bullying Boss Brian Clarkson was made the draconian head CEO of this economically pivotal organization which ranks the credit worthiness of borrowers for commercial and government entities. Clarkson’s reign of terror at Moody’s right when the bottom was falling from the US housing market. He railroaded a narrow-minded notion he called “structured finance” down the throats of experts who knew better. Anyone who dared to speak up became a target for workplace bullying and was fired. Compliance with Securities and Exchange Commission regulations to safeguard the rest of us, “Be damned!” Bullies walk above the law.

Does this sound familiar to Healthy Workplace Advocates, or what? No doubt Clarkson was considered a heroically strong leader by the few who kissed up to keep their jobs, the cronies in power on Moody’s board, the investors whose pockets were bulging with faux money, and the stooges who were brought in by Clarkson. That’s the way it goes with workplace bullies. Yet, the emperor had no clothes. Now the rest of us are naked too.

Had there been an Abusive Work Environments Act, the targeted analysts and executives would have had legal recourse to act against this financial terrorist who destroyed the credibility of our economy. Checks and balances for civility and legal reporting are not yet existent in the American workplace. Anyone who thinks this country can tread longer in the denial of how workplace bullying ravages our nation or that it can be tamed without a hand from the law, is woefully ignorant.

2 comments:

  1. Too many workplaces have become oligarchies where the few in charge enrich themselves at the expense of their employees, customers, and even the business itself. This attitude only intensifies bullying as anyone who questions what the priviledged few are doing are subject to their wrath. Eventually the majority will get fed up and the conditions will be ripe to pass the healthy workplace bills.

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