Friday, May 02, 2014

Obscure Myth - Modernized for the Business Nerd


So, I had an assignment this semester to modernize a myth of our choice from Ovid's Metamorphoses. For all you business people who enjoy Roman mythology.. this is for you (both)! There's a link to the original myth after my version:

Procne, CEO and Philomela, Inc.

            Procne, owner of one of the most successful companies in the world: MacDonulds Corporation, presents a merger idea to Tereus, CEO of Bargar King Inc., in order to expand into the world market. At the merger, they conceive a start-up company, I.T.Y.S., despite the advice of their financial consultants, who predict a grim outcome for the new company.

            As the years pass, Procne confides in Tereus for financial advice and eventually asks him to examine MacDonuld’s sister company, Philomela Inc., for growth opportunities. Tereus accepts out of respect for their friendship and convinces Procne that Philomela is in good hands. Upon looking at Philomela’s books, he is overcome with greed at the expected growth and profitability of the company. As it grows, he levels out the profits and embezzles funds on the side, manipulating the books as he sees fit, keeping it all a secret from Procne.

            For several years Tereus continues this embezzlement in exponentially larger and larger amounts. In order to keep embezzling, Tereus takes total control over the books and advantage of his authority in the company to force the accountants to falsify financial reports to the authorities. Eventually, the actual profitability of Philomela, Inc. begins to dwindle (though Tereus never lessens the amount of funds he takes) and, without interference, will succumb to bankruptcy.

            Procne is e-mailed by an anonymous whistle-blower a copy of Philomela, Inc.’s actual financial statements, before any manipulation from Tereus. Seeing the tattered remains of her once extremely profitable company, Procne decides to exact revenge on Tereus. Knowing his personal investment and enthusiasm for I.T.Y.S., Procne convinces all the other shareholders to sell their shares of stock, effectively ripping the new company apart and forcing Tereus to eat the remains of the company’s debt.

            When presented with the news of this sabotage, Tereus becomes furious and attempts to slander MacDonulds and Philomela, Inc. in the media: accusing them of insider trading and obscene business practices. As a result of the heated, reactionary, and public fight between the two company owners, Nightingale, Swallow and Hoopoe, LLP are forced by the powers that be (the Internal Revenue Service, Securities and Exchange Commission, and the International Financial Reporting Standards board) to dissolve Philomela, Inc. Tereus and Procne are now, by law, forbidden to own or operate a company for at least 25 years.


Original (begins at line 401): http://poetryintranslation.com/PITBR/Latin/Metamorph6.htm

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