During one of his campaign trips Donald Renolnd was visiting a training institute of a nationalised bank and went into one of the class room of the trainees . They were in the middle of a discussion related to words and their meanings.
The centre in charge asked Mr.Renold if he would like to lead the discussion of the word “Tragedy.” So he asked the class for an example of a tragedy.A young trainee stood up and told "if a newly formed private bank goes in to liquidation within a short span of its inception because of the financial irregularities committed by the promoters with the help of some inexperienced but greedy employees at the cost of unsuspecting depositors,it is called tragedy"
“No,” said Mr.Renold “that would be an act of fraud”
A little girl raises her hand: “If all the employees or executives would have lost their job on liquidation , that would be a tragedy.”
“I’m afraid not,” explained the exalted speaker . “That’s what we would call a natural consequences for those who got bank job without any rigorous process of selection and at best be termed as a price for the lust who joined the new bank at some body's recommendation or without any eligibility ”
The room goes silent. No other trainees volunteered. Mr. Renold searches the room.
“Isn’t there someone here who can give me an example of a tragedy?”
Finally at the back of the room, a boy raises his hand. In a quiet voice he says: “If all such incompetent employees would have been recruited with any reputed bank without any examination in the same rank and after some time even promoted to higher cadre
that would be a tragedy.”
“Fantastic!” exclaims Mr. Renolnd , “That’s absolutely right. And can you tell me why that would be a tragedy?”
“Well,” says the boy, “because it wouldn’t be a fraud nor even a little loss to those employees but a great loss to the existing loyal staff members and probably wouldn’t be an accident either but a great feat of luck to those new employees and some other but at the genuine Loss to the reputed bank nay of the society or country.”