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The Board's Lament
or
Mutually Assured Destruction
Demutualise, demutualise
It really is the best
A few bucks for the members
And we'll take all the rest.
Of course, we wouldn't say that
We're really not that crass
We'd say the world is changing
And must get off our ass
We've grown so big and lost our bond
The members, they won't care
This talk about our special role
They know is all hot air
We run the shop, we take our chop
We know just how it works
No governance by members
Let's maximise those perks
It is a tough decision
We could be forced to go
Stockholders may be critical
Of how we run the show
That risk we'll face, and tough it out
Because we're sure you know
We'll put in place large payouts
In case we're forced to go
Weighing up the choices
Principles or pay
Unfortunately, principles
Have long since had their day
The CEO is for it
We're sure it isn't greed
He's working for the members
Let us do the deed
But Hark, the ghosts of members past
Are crying in dismay
Their legacy of wealth and trust
Should not be spent this way
But they're not here to stop us
Our consciences aren't torn
The current members can be bought
The future ones aren't born
The time is nigh, let's do our duty
We've worked out all the sums
Demutualise and claim the booty
'Fore the Carpetbagger comes.
Kevin Davis
Melbourne University Credit Union
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