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{{a|devil|}}{{d|Obsequitariat|/əˈbsiːkwɪˈteərɪət/|n|}}
{{a|devil|{{image|Water scarcity|png|Well I guess you could, but not taking kickbacks is good too.}}
}}{{d|Obsequitariat|/əˈbsiːkwɪˈteərɪət/|n|}}


The 99% who are in it for the ride, the crumbs and the crusts of bread that fall from the tables of the fortunate.  
The 99% who are in it for the ride, the crumbs and the crusts of bread that fall from the tables of the fortunate.  


They who will swoon at the {{plainlink|https://www.linkedin.com/company/credit-suisse/posts|curated social media output of an ultra-high net worth wealth manager}} — topics, in order, including “financial literacy for women”, “black professional social networking”, “net zero carbon emissions”, “investment approaches to give the world’s women financial independence”, “the female workforce after COVID”, a white man speaking about gender diversity in leadership, “sustainable and impact investing”, “Black History Month”, the financial life-cycle of a woman, more about gender diversity, more about recruitment diversity — fairly quickly you get the drift — and not perhaps wonder whether this isn’t, to put it in the kindest way, a blatant misdirection from the real tale of ''catastrophe'' in the organisation?
They who will swoon uncynically at the righteous {{plainlink|https://www.linkedin.com/company/credit-suisse/posts|social media outputs of po-faced wealth managers}}; who will like, them love them, be inspired by them, share them, but never wonder whether they aren’t, to put it in the kindest way, a blatant misdirection from the real inner life of the organisations from whom they emanate?


To be sure, these are all laudable topics, of great currency, and is is doubtless true that the financial services industry has badly failed these constituencies, along with many others presently not quite so ''à la mode''.  
To be sure, the ''cause de justice sociale du jour'' are doubtless laudable, of great currency, and it is true that the financial services industry has badly failed many constiuences in its unstoried history, some more ''à la mode'' than others.  


The point here is not to throw ''shade'' on these causes and the difficult issues they present — though they deserve a more careful and nuanced treatment than one can expect from a Twitter feed — but, in a time described elsewhere as the most crisis-ridden in the institution’s history —its COO literally committing espionage on his colleagues, multiple billion-dollar losses in a quick series of disastrous and utterly unrelated implosions, and then a half-billion dollar criminal enforcement for wire fraud, bribes and corruption against the government of Mozambique — to ask, “does this not suggest that this institution has rather taken its eye off the ball?”  
The point here is not to throw ''shade'' on these causes and the difficult issues they present — though they deserve a more careful and nuanced treatment than one can expect from a [[Twitter]] feed — but, in a where executives are literally committing espionage on each other, making billion-dollar losses in a quick but unrelated successions, sustaining criminal enforcements for wire fraud, bribes and corruption against governments, NGOs and charitable purposes from Malaysia to Mozambique — to ask, “does this not suggest that the industry has rather taken its eye off the ball?”  


Sustainable and impact investing is good — but how is it served, and how will Black History remember the time when when your executives were not trousering $50m in kickbacks at the expense of an African government? Recruitment diversity is important, but perhaps less so in terms of the quality of your loan book, the serial monster holes in which don’t seem to feature on your media feed.
{{sa}}
*[[Virtue signalling]]
*[[Change paradox]]

Latest revision as of 00:18, 29 March 2023

Water scarcity.png
Well I guess you could, but not taking kickbacks is good too.


In which the curmudgeonly old sod puts the world to rights.
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Obsequitariat
/əˈbsiːkwɪˈteərɪət/ (n.)

The 99% who are in it for the ride, the crumbs and the crusts of bread that fall from the tables of the fortunate.

They who will swoon uncynically at the righteous social media outputs of po-faced wealth managers; who will like, them love them, be inspired by them, share them, but never wonder whether they aren’t, to put it in the kindest way, a blatant misdirection from the real inner life of the organisations from whom they emanate?

To be sure, the cause de justice sociale du jour are doubtless laudable, of great currency, and it is true that the financial services industry has badly failed many constiuences in its unstoried history, some more à la mode than others.

The point here is not to throw shade on these causes and the difficult issues they present — though they deserve a more careful and nuanced treatment than one can expect from a Twitter feed — but, in a where executives are literally committing espionage on each other, making billion-dollar losses in a quick but unrelated successions, sustaining criminal enforcements for wire fraud, bribes and corruption against governments, NGOs and charitable purposes from Malaysia to Mozambique — to ask, “does this not suggest that the industry has rather taken its eye off the ball?”

See also

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