Hypothetically…
Imagine, you’ve been running the Organisation for 50 years, together with your board of directors. In the meeting, you’ve been calling the shots, signing the cheques and throwing the boardroom parties.
Suddenly, there was a knock on the door. Of course, in the midst of the celebrations, it was easily dismissible as your annoying secretary. Then the knock got louder and louder, and finally a “BANG!”. The door was forced open with a sledgehammer and in came a few man dressed like Will Smith in Men in Black.
They proceed to read you a few statements that immediately caused you to piss right in your pants.
He reads, “The Organisation is now no longer 100% yours. In fact we have been trying to tell you that a long time back, but the music in this room is too loud for us to get anything through. Hence, we’ve no choice but to use a little force. As from today onwards, the minority stakeholders have all jointly voted in a new board of directors, which you will now co-operate with to run this Organisation.
Oh yah, by the way, they’ll be starting work tomorrow morning.”
Once he finished the statement and walked out, you freaked out gasped in disbelief. Few hours later, as reality kicks in, you decided that there’s no way the new board of directors is going to just take away everything you have built in the last 5 decades. No, you are not going to make it easy for them. In fact, you’ll make them suffer to have even thought of trying to overthrow you.
You began with shredding all important documents and the “skeletons”. Next, you sit down with your like-minded directors and figure out various strategies to transfer out as much money as you possibly can from the Organisation’s vault.
On the next day, when the new board of directors reports in, you begin by distracting them with various minor issues that would keep them busy for the next few months.
Of course, being stuck with so many issues at hand and pressures from the public stakeholders, the new board of directors must look like they are working for everyone. You are happy that they took the bait so easily. And everything is running on smoothly now. And it will be too late before the stakeholders realizes anything- that the money in the vault is already empty.
Story inspired by Shadow Fox’s “National Treasury Siphoning”.
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