Tuesday, July 24, 2012

Thought of the day: The buck stops here.

The buck stops here.

It's supposed to be the antithesis of "buck passing", where blame is passed on to someone else.  Instead of pointing fingers, one assumes the blame.

But since the 80s, it seems to have been redefined -- used to rebrand or market the facade of responsibility without assuming responsibility.  When a CEO today says that "the buck stops here", frequently he / she is saying that he / she is keeping the money earned, while passing the blame on to someone else or generalizing the blame, e.g. the company made errors in judgment.

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