Being ethical still pays but do well for your customers it's even better
From the great Gave Kal service
In 1939, Franklin Roosevelt famously dismissed
reservations about Nicaragua’s brutal dictator Anastazio Somoza with the
comment “he may be a sonofabitch, but he’s our sonofabitch.” In the world of
foreign policy realpolitik, to a large degree FDR’s doctrine still holds true.
Witness, for example, the verbal contortions that US president Donald Trump and
secretary of state Mike Pompeo have been forced to pull off in recent days in
order to condemn Saudi Arabia, but not too much...
from BloombergThe world’s business leaders have suddenly been stricken with a conscience.
After the disappearance and suspected murder of journalist Jamal Khashoggi from the Saudi Arabian consulate in Istanbul, executives who’d been lined up for the “Davos in the Desert”1 Future Investment Initiative conference in Riyadh this month are getting cold feet.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and his peer at Blackstone Group LP Steve Schwarzman, along with BlackRock Inc.’s Larry Fink, Uber Technologies Inc.’s Dara Khosrowshahi and Richard Branson have all sent in cancellations. Credit Suisse Group AG CEO Tidjane Thiam and HSBC Holdings Plc’s John Flint became the latest to shun the forum on Tuesday..................................
The double standard is hardly surprising. Making money has required a certain flexibility on moral issues ever since Joseph taught Pharaoh how to profit off a seven-year famine. Being ethical in business is difficult because being unethical is often lucrative.
Of course it pays being ethical but the best for a company for a corporate leader is not to fake he is concerned about politics, image, minorities, etc....the most important thing is to do a great service to your clients, to be of service to constantly improve the service and product. Amazon is a great company not only because they are ethical but because they really care about their client and their service. Lot's of companies care about minorities and they don't care about their customers. they will disappear. to go or not to go to Saudi Arabia does't matter. The best for Saudi Arabia was to have the great service of Amazon or Facebook or Google to all their citizens. That would change Saudi Arabia more than skip a conference!
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