Corpirate America (Vocabulary lesson)

Today's new word is greedership. Greedership is a combination of two words, greed and leadership. The word greed according to the The American Heritage School Dictionary: n. A selfish desire for more than one needs or deserves, as food, wealth, etc. Did you catch the underlined part? Greed: more than one deserves.

Why do executives think they deserve salaries that are a 100 or even 1000's of times larger their least paid employees; Is it ego, is it because they feel they deserve it, or is it because America has made them pseudo rock stars through programs such as CNBC and we just can't go on without them? It might be a combination of all of these factors.  I am not sure. I am sure though the last two decades have been filled with scandal after scandal involving executives and unethical and sometimes illegal activities (all greed driven).

Now let's look at the other root word that forms the new word greedership. Leadership n. 1. The position of a leader. 2. The guidance or command of a leader or leaders: under the leadership of skillful engineers. 3.Ability to act as a leader: He has shown strong leadership. This definition was provided by the same guys that gave you greed. How's that for a reference?

"The cliff is straight ahead, full steam ahead!"

So now that we know what the two root words are, it is time to combine them for the new word's meaning in Leonise. Greedership: One that uses his or her position to take more reward than he or she deserves and distributes it to themselves at the cost of reduced moral and efficiency of the operation as a whole.

Isn't creating new words fun? Now remember the next time you read about a corporate scandal or scam just recall the new word greedership.

Please any executive that reads this go back to business management 101 and recall the most important tenets of running an enterprise. 1) Protect the assets 2) Grow the assets 3) Reward the people who do number one and number two. If you can't remember these tenets make a bracelet with the following letters on it, WWVD? (What Would Vader Do?)

Leon

Images: Yahoo Images


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