It’s safe to say that this blog post lead me down a path of extremes. My first name lead me to the list of “L” countries, which, for me, began with Luxembourg. As a student of the financial services industry, Luxembourg is a well-known country which might as well be referred to as Candy Land. For years, Europeans took advantage of Luxemburg’s privacy laws, which ultimately, may have caused many people to set money aside, quietly.
But, no one in Luxembourg is talking, so I moved on to my family name, which begins with “M.” Mexico was tempting (I love the country) but, instead, I chose Myanmar, also known as Burma. Quite a shift – I have read many stories about the struggles in Burma. In my last job, I was also repsonsible for guiding my companies position regarding countries that were facing significant politcal and social strife. Burma was always at the top of the list. We received mail from all four corners of the earth asking us to leave the country in a form of protest of the human rights violations that have been taking place there. It was a constant source of conversation with senior management and our Board.
And, this was our position: we can not leave Burma nor can we implement business decisions that would prevent development in Burma because doing so would prevent the rest of the world from traveling to Burma and seeing what is going on.
In general, people hated this position. Why not use our clout to promote change with the government? Well, clout is a funny thing. You can only use it if you really have it. And often, American companies doing business outside the United States see themselves differently than other countries see them.
I went through a stage when I was continuously disappointed by companies that seemed to turn a blind eye to important topics. But, then I realized that, despite the shareholder value, most companies are limited in what they can achieve with governments with whom they have interaction. It’s not their fault, it’s just the truth. And while I always hope for more versus less, I do see now that sometimes, you just can’t get there from here…..