The average high ranking Fortune 500 corporate executive has testicles the size of a freeze dried peanut.
Mulva dodged any hint of criticism of the Obama Administration despite the fact that those idiots, ignoring a Federal judge have essentially shut down drilling in the Gulf. At one point, asked if he had anything to say about the fact the Vice President Biden charged a $75,000 visit to the Gulf to British Petroleum he said that it was “inappropriate” for him to comment.
Oh, he said all of the right things, but one could get the distinct impression from him that if President Obama asked for a campaign contribution, he would get his checkbook out.
During my years in Oklahoma—back when Philips was headquartered in Bartlesville and Conoco in Ponca City—they used to talk derisively about a kind of oilman who would “go along to get along” and “wouldn’t say s—t if he had a mouthful”. Those were not terms of endearment.
Yet, that’s what has happened to these so-called titans of industry.
They run scared of a scatterbrained 48-year-old President and his posse, they go along to get along and they—in the name of protecting their shareholders—engage in moronic behavior instead of standing up and doing and saying what’s right.
So you get a Jeff Immelt at General Electric sucking up to the Obama Administration while he runs his company into the ground.
And a Michael Yackira of NVEnergy who after being forced to mothball plans for a needed power plant in Ely by Harry Reid becomes a “Republican for Reid.”
They castrate horses to make them less aggressive.
Maybe they castrate executives for the same reason.
Of course they might need a microscope to complete that surgery.
Back in the days when industry was making America great, there were always people who would take the risk and say what needed to be said without fear of offending the President, or the Governor or the Senator.
Politicians lived in fear of those guys and that’s the way it should be.
You see, people who, by definition actually work for us, should have a healthy respect for us. And when they lose that respect—as did Richard Nixon—than they lost their access to the perks of office.
Why, as an example, NVEnergy should be afraid of offending a partisan hack like Harry Reid is a total mystery. Hacks like Reid come and go, but power companies are pretty much fixtures.
Yackira would serve his long suffering shareholders much better by standing firm, and letting political hacks like Reid know that he—on behalf of the ratepayers and shareholders—isn’t going to take it anymore.
Instead, he caves and grovels.
He who trades freedom for security will end up with neither.
Any executive in control of a Fortune 500 company who is scared of a 48-year-old who has never actually held a job needs a new one himself. Because he doesn’t have what it takes to be a leader.
Yes, James Mulva, I’m talking about you.
Somewhere in your headquarters there must be a picture or two of Frank and L.E. Phillips. Go stand in front of those pictures and see if you can hear them rolling over in their graves.
Explain to them why you’re scared to say s—t when you have a mouthful.
Explain THAT to your shareholders.