Our Greedy Bosses ...by CBI President
Byline: Becky Barrow Business Correspondent
SOME of Britain's corporate giants and their bosses have been greedy and have forgotten fairness, the leader of the country's biggest business lobby group warned yesterday.
CBI president Sir Roger Carr said employers need to work to urgently 'salvage the reputation of business'.
He told more than 1,000 business leaders at the CBI's annual conference that the corporate sector is littered with examples of 'bad behaviour'. Sir Roger is also chairman of Centrica, the owner of British Gas, which is under fire for raising its energy bills just as winter begins.
Last week it boasted to the City that it is on course to deliver a double-digit increase in profits this year, just as millions of families are being hit with its inflation-busting price rises.
Sir Roger, who did not name and shame any individual firms, said: 'As businesses and individuals, standards have been variable, greed occasionally prevalent and fairness forgotten in a number of sectors.
'Banking and media [are] at the forefront, but others from all walks of life sometimes also show signs of bad behaviour.' Sir Roger, who was chairman of Cadbury when it was controversially bought by the American processed cheese giant Kraft, said it is wrong to 'tar' all firms with the same brush.
He said it is wrong to say that 'all energy companies rip you off, when they don't, all bankers are despicable, when they are not, or big business is bad business, when it isn't'. His attack comes amid a growing controversy about the amount of tax paid by some of the biggest names in business such as Google, Starbucks and Amazon.
For example, Google paid only [pounds sterling]6million to the Treasury last year on UK sales of [pounds sterling]2. …