Showing posts with label 1%. Show all posts
Showing posts with label 1%. Show all posts

Thursday, February 27, 2014

Karma. Fracking. More Karma.

Karma's a bitch, Mister 1%.

This from Dependable Renegade, who points us to ThinkProgress:

Exxon CEO Comes Out Against Fracking Project Because It Will Affect His Property Values

As ExxonMobil’s CEO, it’s Rex Tillerson’s job to promote the hydraulic fracturing enabling the recent oil and gas boom, and fight regulatory oversight. The oil company is the biggest natural gas producer in the U.S., relying on the controversial drilling technology to extract it.
The exception is when Tillerson’s $5 million property value might be harmed. Tillerson has joined a lawsuit that cites fracking’s consequences in order to block the construction of a 160-foot water tower next to his and his wife’s Texas home.
 
The Wall Street Journal reports the tower would supply water to a nearby fracking site, and the plaintiffs argue the project would cause too much noise and traffic from hauling the water from the tower to the drilling site. The water tower, owned by Cross Timbers Water Supply Corporation, “will sell water to oil and gas explorers for fracing [sic] shale formations leading to traffic with heavy trucks on FM 407, creating a noise nuisance and traffic hazards,” the suit says.

 
While the complaint deals with noise and traffic issues, it's still quite ironic that Tillerson has been mighty dismissive of the more significant issues associated with fracking encountered by other homeowners:
 
When he is acting as Exxon CEO, not a homeowner, Tillerson has lashed out at fracking critics and proponents of regulation. “This type of dysfunctional regulation is holding back the American economic recovery, growth, and global competitiveness,” he said in 2012. Natural gas production “is an old technology just being applied, integrated with some new technologies,” he said in another interview. “So the risks are very manageable.”
In shale regions, less wealthy residents have protested fracking development for impacts more consequential than noise, including water contamination and cancer risk. Exxon’s oil and gas operations and the resulting spills not only sinks property values, but the spills have leveled homes and destroyed regions.

Karma.  Think about it, Mr. Tillerson.

 

Tuesday, November 15, 2011

Corrente: "Psychopathy As a Preferred Corporate Executive Trait"

From MontanaMaven at Corrente, an enlightening explanation of the 1% (in fairness, at least some of them). 

She cites a British study and observes, " ...it seems to me that if you have psychopathic tendencies and are born to a poor family, you're likely to go to prison. If you have psychopathic tendencies and are born to a rich family, you're likely to go to business school."

In a study published by the journal Psychology, Crime and Law, Belinda Board and Katarina Fritzon tested 39 senior managers and chief executives from leading British businesses. They compared the results to the same tests on patients at Broadmoor special hospital, where people who have been convicted of serious crimes are incarcerated. On certain indicators of psychopathy, the bosses's scores either matched or exceeded those of the patients. In fact, on these criteria, they beat even the subset of patients who had been diagnosed with psychopathic personality disorders.
The psychopathic traits on which the bosses scored so highly, Board and Fritzon point out, closely resemble the characteristics that companies look for. Those who have these traits often possess great skill in flattering and manipulating powerful people. Egocentricity, a strong sense of entitlement, a readiness to exploit others and a lack of empathy and conscience are also unlikely to damage their prospects in many corporations.

MontanaMaven also brings up David Korten, who discusses this point in his book "The Great Turning; from Empire to Earth Community". 

Korten identifies sociopaths as People with an "Imperial Consciousness" which is the 2nd of 5 orders of human consciousness. They are people who realize it's easy to cheat their friends i.e. people who trust them. They live in MY WORLD. They suck up to the powerful and exploit the oppressed. The first and lowest order of moral consciousness is called "Magical Consciousness" that believes in an OTHER WORLD of magical beings like Santa Claus and God. It's a child's consciousness. The Imperial is the consciousness of a 7-14 year old. So, yes, it's very disconcerting to meet someone in this order that is an adult.

Indeed.