Despotism. A form of government in which power is concentrated in the hands of an individual or a small group.
Doggie. Pet name for you pet dog, who is apparently so cute for drinking out of the toilet and humping the couch, he needs to be coddled further.
These two seemingly unrelated words popped into my head while discussing Dick Fuld this past weekend. It dawned on me that Fuld was more than a failed Chairman and CEO of Lehman Brothers, he was the despot of a failed empire. This also got me thinking of rulers who laid down their swords and accepted the lives of vassals.
Perhaps I've got Hosni and Saddam in the back of my brain, but here are the two guys at the front of my mind right now...
The Dastardly Despot
Looking back a mere five years, Fuld was a billionaire ranked #374 on the wealthiest Americans list.
Today, he is a reviled villain living a life of seclusion and solitude. His existence has been reduced to hiding from creditors, signing over property to his wife, lying to Congress and catching flashbacks to his beat down in the gym.
He is certainly a man who's life I would not want. Not for all the money in the world...
The Darling Doggie
Vikram Pandit on the other hand, has been waiting to exhale longer than Angela Bassett. Since the start of the Credit Crunch and the de facto . Vikram Pandit has been Washington's top Wall Street lap dog. Gleefully praising financial reform, rolling over, licking face and playing dead at his master's request...
All for one solid doggie biscuit a year.
Well, times have changed. With the collective idiocracy that is modern America forgetting everything prior to ten minutes ago, Pandit's incompetence and irresponsibility have become reason for a tidy little raise.
Looks like he can buy himself all the Snausages on the planet again.
For me, looking back over the last couple of years and especially these two reminds me of why I left the rat race. You truly could not pay me any amount of money to run an investment bank these days...or just about any large corporation for that matter.
I still cannot believe that anyone is that desperate for money to put up with the level of abuse these guys have endured, but then again...people suffer through more for less every day.
I have to ask you guys if you would trade places with either of these guys?
I know that money is a powerful motivator and that absolute power corrupts absolutely...
Does that mean some of you would actually want to be Dickie or Vickie?
I really can't imagine anyone would, in their own right each one seems like the last man
I'd ever trade with...but if you don't agree I am curious to hear your reasons.