By James Hoopes
An unethical and undemocratic cult of industrial management turns out to carry sway over the minds of President George W. Bush and plenty of different leaders in our society. in keeping with ethics and management specialist James Hoopes, this cult claims that management is attained and exercised via morality. yet through instilling fake delight and ethical egotism in executives, the management cult intensifies the tendency of strength to deprave. For the 1st time, Hail to the CEO pulls again the curtain at the cult of ethical management, revealing its hazards whereas displaying readers tips on how to lead with larger integrity and competence. what is extra, it is going to support all electorate higher protect their freedom opposed to corrupt, ruinous judgements and the leaders who make them.
The suggestion of leaders as ethical exemplars started in company faculties and is more and more influential within the remainder of society. Bush, a veteran of company lifestyles, is our first president to carry the measure grasp of commercial management. because of his enterprise schooling and company adventure, he has carried the management cult into the White House—with disastrous effects. Many others have deplored Bush's incompetence and ethical conceitedness. Hail to the CEO is the 1st publication to provide an explanation for that his failures—from faith-based tasks to the unconstitutional struggle on terror—reflect not only on him yet at the company tradition that created him. furthermore, Hail to the CEO demanding situations the various assumptions underlying trendy traditional knowledge on management. it is going to exhibit leaders, for instance, that it really is morally risky to control by way of values instead of deal with for values. Hail to the CEO bargains a brand new version of management during which ethical impact is earned, now not used, by means of handling as appropriately and justly as attainable. extra very important, by means of reminding voters of the democratic precept that leaders might be ethical menaces in addition to ethical exemplars, Hail to the CEO can help safeguard freedom.
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Extra resources for Hail to the CEO: The Failure of George W. Bush and the Cult of Moral Leadership
The site was next door to Saudi Arabia, home of the world’s largest proven oil reserves. It is an interesting question why the Bahrainis would have given such a choice opportunity to an oil company little known in America, let alone the Middle East. Harken had never drilled under water or outside the United States. In fact, it is not clear that Harken at this point did much drilling at all. Its 10Q filing for June 1990 shows that more than 98 percent of its revenue came from its pipelines and gas stations.
The most influential early 20th-century proponent of the idea of moral leadership in business was a brilliant AT&T executive named Chester Barnard. Lecturing frequently at the Harvard Business School in the 1930s, Barnard built on Mayo’s idea of bottom-up power. Since subordinates have power, Barnard reasoned that executives’ responsibilities always exceed their authority. Executives’ lack of adequate authority is the paradoxical condition of their successful leadership, at least according to Barnard.
The Harken directors and managers seem, understandably, to have wanted to stay aboard their leaky vessel. By keeping themselves at the helm, the directors and managers could participate to the fullest degree in the Bahrain deal. But neither a public offering nor a bank loan was available to keep Harken afloat. Some more creative method would have to be found in order, as the board minutes put it, to ‘‘infuse’’ cash into the company. Flush insiders or ‘‘major shareholders’’ as the Harken minutes refer to them, seemed the best source of new cash for the company.