May 15, 2014
What Lord of the Flies teaches us about Pfizer’s approach to empowerment
Just how detached some senior business people are from reality is evident whenever a light shines briefly into the recesses of their minds. For Ian Read, the CEO of Pfizer, a moment’s illumination arrived when he pulled a coin from his pocket as he testified to a parliamentary committee on the proposed takeover of Astra Zeneca.  The coin, he informed them, is given to every employee of Pfizer. On one side of each coin is the phrase ‘Own It’, and on the other ‘Straight Talk’. The idea is that the coin empowers staff to place the coin on the desk of a manager and offers the employee ‘the ability to straight-talk’ and ‘have a sense of ownership’. In effect, it performs the same function as the Conch in William Golding’s Lord of the Flies, bestowing upon whoever is wielding it a voice and a feeling they have control. That is until the person or people who are really in control decide otherwise.
Andy Dick
May 16, 2014 @ 8:03 pm
Your point is really pointless because every employee has a coin. There was only one conch.
Mark Eltringham
May 17, 2014 @ 10:10 am
Hi Andy. The point is that people in both situations are offered a symbol of empowerment that may be or may become meaningless in specific circumstances. I’d also argue that being frank with line managers because you are mandated to do so by a boardroom approved totem may not always be wise for people in any circumstances.