I’m disturbed that not one of the oil company executives who recently were grilled by the US Senate had the courage to tell the truth about the proceedings in that hearing room. Asking those honest business men to defend themselves against false charges, asking them to sanction their own public humiliation in front of a bunch of spineless politicos is disgusting and unAmerican . . . but so is not defending oneself when unjustly attacked.
I suspect that they think that their public/investor relations team is correct when they advised the CEOs to bite their tongue and take it. But in the long run, they do a horrible disservice to their shareholders when they let the companies’ assets be confiscated by the government – little-by-little-by-little. To stand by and watch, so long as their salary isn’t at risk, is grounds for termination. They should all be fired immediately, if not sooner, and replaced by men or women who know that making a profit is not grounds for punishment or derision.
Dancing with the devil invariably strips one of the power to stand up to his duplicitous, self-serving criticisms. These companies have become dependent on government largess, so they dare not bite back. They’ve let the government dictate the rules of their business. Government controls when and how they drill for, deliver, produce and refine their products, because the big guys have spent decades helping the government draft more and more rules and regulations that quell their competition – and then they act surprised when their master wants to slap them around to make the voters think the government is protecting them from an evil corporation. But, they grin and bear it, because they know the pain will only last a news cycle or two.
We need a new brand of politicians – and a new breed of corporate leaders who thrive in the marketplace without government protections - and SOON.