Takin’ It To The Streets
May 5, 2012
I’ve been getting a lot of criticism lately for being angry. I realize my anger makes other people uncomfortable. But anger is part of human nature for a reason. Anger is a motivator. When our souls are on fire, we are moved to take action. Anger gets us off our butts watching people on TV do things and causes us to take action ourselves.
Just in case you’ve been wondering, the Occupiers didn’t go away. Like sensible creatures, they holed up for the winter, planning their next move. Their planning has offered me a good outlet for some of my anger–Occupy Wall Street South, a march against Bank of America on Wednesday, May 8, in Charlotte, NC, where I lived for 30 years until July 2011.
I worked for nine years for NCNB, a Bank of America predecessor bank. I had been educated in business, a BA in economics from Duke and an MBA from UNC Chapel Hill. I call those nine years with NCNB “The Period of My Disillusionment.”
I still remember the day in 1981 when the bosses came around and “suggested” I contribute to the NCNB-PAC. I had just finished business school. There, students had presented papers in my “Business and Society” class, the class that was supposed to cover ethics. For some reason, many of these presentations had been about PACs (Political Action Committees). Student presentations are boring so I hadn’t paid any attention. But ever since the Enron scandal I have thought that we should have spent more time in that class talking about ethics. Filling class time with student presentations was a cop-out for that professor, a foreshadowing of the ethical cop-outs MBAs subsequently helped to unleash on a gullible world that had entrusted them with our collective assets.
I am proud to say I had the courage to decline the arm-twisting to contribute to the NCNB-PAC, a bold move for a new employee. Later I did contribute, when I understood that inter-state banking legislation was needed so that U.S. banks could get large enough to compete in increasingly global markets. I contributed because I understood the issue, not because of corporate pressure.
In my bank job I managed the budget process for the operations subsidiary, figuring out how to quantify and track cost savings from our mergers with out-of-state banks. This was important stuff, so I worked up close and personal with senior executives and got to see how these people think. Their behavior, what they thought and cared about, is what disillusioned me. These men–and they were all men at the time–cared far more about ego and self-promotion than they did about the business of banking.
People say women are emotional and catty. These men were consummate back-stabbers, slammed doors on the executive floor, pouted and sulked, and were never happier than when they got big fat raises to spend on luxury cars and extravagant houses. Some did their jobs well, some didn’t. If you were a corporate executive, it meant you had played the corporate game well and picked the right coattails to ride on.
My observations are not sour grapes. I didn’t get fired, I quit my bank job in 1990 to focus on raising my children. So the behavior I witnessed was way back in the 80s, when Ronald Reagan had made greed and excess acceptable again after the idealism of the 60s and 70s. Greed and excess became increasingly out of control until the 2008 financial crisis, which wiped out the financial security of hard-working people all around the world.
I don’t think Americans really understand the pain that our culture of greed has exported to the rest of the world. The recession is deepening in the Eurozone, where unemployment has risen again to almost 10%. In France recently, I was surprised by candidate posters in a primary election railing against the havoc wreaked by Wall Street and demanding retribution. In hard-hit Spain, citizens try to cope with a drink called the Anti-Crisis sold at bars for an affordable single euro.
It makes me angry that the unethical, self-motivated executives and their political accomplices who got us into this mess continue to live lavishly, while ordinary people who trusted these leaders suffer.
I am grateful to the organizers who are giving me a chance to participate in this protest in Charlotte. I did not participate in the protests in the 70s because I knew I did not fully understand the issues. I have always tried to think for myself. Most people don’t. Most people look to others to lead, and they follow.
Our corporate and political leaders led the world into disaster and I am not ashamed to be angry about it. After living in Charlotte for 30 years, I know a lot of people there, and my actions will make a lot of them uncomfortable. But you know, a lot of people all over the world are damned uncomfortable right now.
I am glad to be taking my anger to the streets of the town that trashed my idealism. I can’t wait to see what happens next.