AHRI
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  | 

‘Business to Blame for Occupy Wall St’: McKeon


Wednesday, 2nd November 2011 at 11:05 am
Staff Reporter
Simon McKeon – Australian of the Year and executive chairman in Victoria of Macquarie Group - has critiqued the Occupy movement in an article in today’s Age.


Wednesday, 2nd November 2011
at 11:05 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
‘Business to Blame for Occupy Wall St’: McKeon
Wednesday, 2nd November 2011 at 11:05 am
Above: Occupy Melbourne in its third week AttributionNoncommercial Some rights reserved by MyBarina  

Simon McKeon – Australian of the Year and executive chairman in Victoria of Macquarie Group has critiqued the Occupy movement in an article in today’s Age.

He says business has “only itself to blame for the disdain in which it is now being so publicly held.”

”As I said many, many times this year – and [Harvard Business School Professor] Michael Porter, the world’s foremost business academic, makes the point much more profoundly – business has been on the nose for a long time. Survey after survey after survey asks all sorts of different questions but the results are essentially the same. The community as a whole is not convinced that business operates in the way that it ought.”

He said, ”My message has been a very broad one. It is simply that business itself, particularly larger businesses, are massive institutions with all sorts of resources.”

”There are many, many opportunities that are also fundamentally in the company’s interests, not as starkly obvious as giving away 1 per cent of net profit after tax, but using the resources of the company to be directly connected to community need, whether it’s employee volunteering, whether it is putting some departments to work in the times of the year when they are not operating at peak level, whether it’s actually just a bit of public generosity from time to time from these very well-paid CEOs.”

Today the police moved to evict protesters from Occupy Brisbane. Meanwhile in London, the Corporation of London and the St Paul’s Cathedral has halted moves to evict protesters that are occupying the land around the Cathedral in central London.

When announcing the decision St Paul’s made reference to the group’s social justice aims and said those aims aligned with that of the Church.

A spokesman for St Paul’s said the governing chapter had decided to cease legal action and instead engage with activists within the camp of 200 or so tents, which was set up on the western edge of the cathedral 18 days ago.

“The alarm bells are ringing all over the world. St Paul’s has now heard that call,” said the Bishop of London, Richard Chartres.

According to a report in the Guardian, the statement also announced plans for a new group, headed by Ken Costa, a former top investment banker, with the aim of “reconnecting the financial with the ethical”.

Simon McKeon believes that while the protesters have widespread public support – they are on “borrowed times” when it comes to occupying public space.

McKeon will be answering questions on this issue on Fairfax sites from midday today for an hour.

Read more: http://www.theage.com.au/opinion/society-and-culture/all-things-being-equal-20111101-1mtrq.html#ixzz1cUwS8mHo




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Purposeful Conversations With Colleen Ferrier

Ellie Nikakis

Wednesday, 4th July 2018 at 8:22 am

How to Ensure Support From Your Staff When Undertaking a CSR Program

Andrew Muir

Wednesday, 6th June 2018 at 8:30 am

Business Must Design For Impact

Wendy Williams

Thursday, 26th April 2018 at 8:48 am

Communication is Key for Shared Value

Wendy Williams

Wednesday, 18th April 2018 at 4:45 pm

POPULAR

Australia Gets First Blockchain Charity

Wendy Williams

Wednesday, 4th July 2018 at 5:07 pm

Man Battling Cancer and Centrelink Raises Social Media Storm

Paul Carter

Tuesday, 10th July 2018 at 12:42 pm

Next-Gen Indigenous Leader Addresses UN Human Rights Council

Paul Carter

Wednesday, 4th July 2018 at 3:21 pm

New Research Looks to Improve Disability Employment Rate

Luke Michael

Monday, 9th July 2018 at 2:35 pm

AHRI
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!