Please cut me a break! Who do these clowns think they are? Executives think the recession is a good lesson for their kids, according to a survey released today by TheLadders.com, an online recruiting service catering to top executives and those earning more than $100,000. The recession shows them that opportunity will not be handed to them.
Aah, but they'll still have meals handed to them. Chances are they'll be able to continue to live in their homes. Oh, drat, maybe now isn't the time to buy that flat-screen television, especially if they are still going to their beach house. Thank God there's a recession so rich kids can learn a lesson while other people lose their jobs, can't keep their houses and have to visit food pantries.
Slightly more than half of the executives polled (54.4 percent) had that point of view. About a quarter said the recession had no impact on them and another quarter, sensibly, worried that their kids might not have the same opportunities that they had.
OK, now that my vitriol has subsided somewhat, I'll say that it is important for all of us to try to understand how others feel, and perhaps this is especially true for the children of the wealthy, who may be able to walk into executive positions by virtue of their contacts. And in fact, it may be that "lesson for the kids" is, at best, their efforts to find a silver lining for this dreadful cloud. Later in the survey, the executives say they are frustrated by the recession, with other emotions being fear, confusion, and anger. Only 13 percent mentioned positive emotions of hope or relief.