Royal Bank of Scotland

When Thought Turns into Action

Topics: Corporations, Justice
Countries: France, United Kingdom

Hostage takings, vandalism and attempted assault sound like charges on a rap sheet for a hardened criminal. But they're the collective crimes of people who've been laid off recently.

Workers in the French factories for 3M and Sony — enraged about the size of severance packages for laid-off workers — held their bosses captive last month. The captured CEOs actually ended up bargaining with the kidnappers, while the police — not wanting to incense the workers even more — promptly responded by doing ...nothing.

Just last week, workers at a Caterpillar plant in France held their bosses captive as well. They, too, were looking for better treatment for laid-off coworkers. In another incident, workers at the French luxury retail company PPR surrounded their CEO's car and blocked roads so he couldn't escape. This time police did intervene and escorted François-Henri Pinault to safety.

Across the Channel in the United Kingdom, people are outraged with the multimillion dollar pension package given to former Royal Bank of Scotland CEO Fred Goodwin. One group was so upset that it vandalized Sir Goodwin's house and car.

An ominous e-mail from the vandals threatened more attacks:

We are angry that rich people, like him, are paying themselves a huge amount of money, and living in luxury, while ordinary people are made unemployed, destitute and homeless. This is a crime. Bank bosses should be jailed. This is just the beginning.

Joining in the spirit of protest, as many as 5,000 protesters gathering in London's financial district on the first day of the G-20 summit, expressing discontent over the financial crisis, climate change and war. Several demonstrators threw projectiles and forced their way into an RBS branch through broken windows.

Bert Klandermans, a professor of applied social psychology at Amsterdam's Free University, offers a psychological explanation for why some people are expressing their frustration in this way.

Anger is an emotion that spurs collective action ... [It's] an emotion that results from feeling that somebody is responsible for something, and could have acted differently ... [For many] the bankers did it wrong, and they did it wrong because they were greedy. That's what makes people angry.

Frustrated by executive compensation and the economy, protesters broke windows of an RBS branch in London. Photo: <a href="http://www.flickr.com/photos/camusartink/3406149635/">Camus Live Art (flickr)</a>
Frustrated by executive compensation and the economy, protesters broke windows of an RBS branch in London. Photo: Camus Live Art (flickr)

Stories We're Watching

Singapore Prods Locals to Speak Better English

The Associated Press - Tue, 09/07/2010 - 12:32
"Borrow me $5 can?" may not be the most graceful way to ask for a few dollars, but it's music to the ears of many Singaporeans.

Afghan Expatriates Weigh A Return Home

NPR - Mon, 09/06/2010 - 21:00
In the years after the U.S. invasion, a steady stream of Afghans living abroad came home to help rebuild their country. Then, security started to get worse. There were more suicide attacks and a general feeling of unease. Now, many Afghans living abroad wonder: Is it worth it?

In Afghanistan, The Civil Service 'Surge' That Isn't

NPR - Tue, 09/07/2010 - 06:10
There's a critical shortage of Afghan civil service workers in southern Afghanistan. In dangerous regions such as Helmand and Kandahar, the insurgency has gained strength because the Afghan government is either corrupt -- or not around.

Women Running for Afghanistan Parliament Now Have Tougher Time

Los Angeles Times - Mon, 09/06/2010 - 18:45
Not since the Taliban have women running for seats faced such intense political intimidation, female candidates say. Many are deeply frustrated by their inability to get out and connect with voters.

Mozambique Government Reverses Bread Price Hike

The Associated Press - Tue, 09/07/2010 - 07:41
Mozambique's government is reversing bread and water price increases that had touched off deadly riots.

Recent comments

Countries

An initiative of Mercy Corps
“You must be the change
you wish to see in the world”
Mahatma Gandhi
Learn more about Mercy Corps >

Efficiency

Over the last five years, more than 89% of Mercy Corps' resources have been allocated directly to programs

Excellence

America's premier charity evaluator gives Mercy Corps four stars in organizational efficiency. Click here to learn more.

High Value

Every dollar you donate to Mercy Corps helps us secure $11.16 in donated food and other critical supplies.

Mercy Corps — Dept. W — 45 SW Ankeny — Portland, OR 97204
All original content Copyright © 2009 Mercy Corps. Quoted and linked content is property of the creator(s). Mercy Corps will not sell, rent or trade your personal information.