This week, The Economist said something shocking: Departing bank bosses weren’t venal, they were useless.
My thoughts exploded like a box of fireworks meeting an accidental match.
Why do the English smirk quietly at the “cock up” theory of management?
Why is it that the English assume that it is better to be an incompetent boss than a competent thief?
I think – I may be wrong – that we think incompetence does not imply disloyalty. “He is really on our side after all”.
But, is “cocked up” management loyal?
But, is rubbish management loyal – to you and me? I want you to follow this argument.
“Bank bosses” aren’t “the boss.” They have bosses above them, who in English law are called the Board of Directors. The Bank bosses are employees. So why did the boss’ boss allow him (or her) to be incompetent, consistently, over a long period of time.
The inescapable conclusion, sadly, is that they don’t care about managers do to us. That is why I prefer a competent thief. They were never on my side. They didn’t pretend to be.
An incompetent manager, and worse a whole chain of incompetent managers from bottom to the very top, hurts me 3x over.
#1 I suffer from their bad management. The company loses money and we lose our jobs.
#2 I am bullied into following bad working practices on their say-so.
#3 Everything I do is tainted by their incompetence. Instead of working on what works, we work on what doesn’t work and it backwashes through the system distorting promotions, training, selection, recruitment, education. The end point is that we have nothing to show for our efforts and we detest each other.
When the boss’ boss says incompetence is OK, provided you are a mate of mine, there is loyalty, but it is not to us. We should be shocked. Deeply.
Do you trust your employer any more?
The Economist might be vaguely amused by it all, but fortunately, the people have noticed. Elsewhere, in the same issue or within a week, The Economist reported that the tables have turned and fewer than 1 in 4 people trust their employers.
I am heartened.
Rants are pointless. What are we going to do?
I hate ranting. When I am irritated, I like to work through it and come up with a plan of action.
This is what I am going to do.
#1 Stop relying on chains-of-command to know best
Writer, Paolo Coelho, tweets. If you are on Twitter, follow him. It is him, not a ghost writer. Yesterday, he put out a Confucious Clone: Only a fool follows the crowd. Wise people make up their own minds. If I am involved in something, I want to know what is going on. I want to see the accounts. I want to know that I can ask questions. And I want answers. Or, I depart.
#2 Audit my filters
I will never know or understand everything and like everyone else, when I am a “noobe”, I rely on my friends’ judgements. But the more filters I understand, the better. Each month, I will take one filter that is important to me, and systematically research the questions I should be asking about say, the fuel that goes in my car, the milk I drink, or the way the local town council is elected. I won’t wait for a crisis before I start to think. I’ll do my upgrades systematically.
#3 Celebrate trust
And then I will celebrate trust.
Not mindlessly. I’ll actively recommend what works and tell people the criteria I use. They’ll gain from my filters and I’ll gain from their feedback. (I’ve found when I tell people why I trust someone, they tell me why they do, or don’t, as the case may be.)
I’ll learn more – but that goes under #2. My real goal will be to spread trust – to celebrate that we have something to trust and to learn to trust trust again.
What I want from The Economist
And from The Economist, I would like to see some better reporting. I appreciate the writing, but for wit I can go to Radio 4. From The Economist, I want information that leads to action.
I don’t want to hear gossip about the ‘good and the famous’. I really don’t care. I don’t do the celebrity thing.
Having lived in a country that was prone to bragging to the point they would brag about being modest, I learned an important distinction between bragging and celebration. Bragging says look at me – but when you try to join in, you get knocked back. Celebration is an invitation.
I want my news organized for action. Tell me something I can do something about. Don’t erode my trust further by pretending something is OK when it darned well isn’t!