Big business is not only about making money
20 September, 2014
Tycoons
“Big business is not about making money.” With reference to the context of Hong Kong, write an article for your school magazine using this comment as a title. Give three reasons to support your views on the comment.
Big business is not about making money
This is the image promoted by most of the enterprises established in Hong Kong and a statement reiterated by our Chief Executive Officer for many times in the public. In fact, companies of public transport, such as, the Mass Transit Railway or the Cathy Pacific Airline, claim to be so. Our city building companies or estate developers, such as, the Cheung Kong and the New World Estate Development share this point of view. Of course, our bankers are not left behind, and the Standard Chartered and Hong Kong Bank are in the list. Seemingly, most of our big businesses are not only preoccupied with their zeal for moneymaking but also public responsibility. Sadly, the gathered facts provide us with a different viewpoint.
The Cathay Pacific is a publicly owned company and the Mass Transit even has a major share of its stocks held by the government. Both of these companies have claimed themselves to have a sense of social awareness and actively involved in various social welfare programs. However, to their fare strategy, none of them is willing to back down from their position even a public request for a discount to the needy students or the handicapped. Presently, even with an enormous surplus from the business, both of them have announced an increase in fares for development reasons and our government seems to be a toothless tiger complying with the request. No doubt, moneymaking is the incentive of these gigantic companies.
Maybe, the epilogue of the Cathay Pacific incident deserves to be mentioned. A women leader of the labour union has been actively helping the flight attendants to demand for a pay increase and a reduction in working hours. Of course, in
Tycoons
“Big business is not about making money.” With reference to the context of Hong Kong, write an article for your school magazine using this comment as a title. Give three reasons to support your views on the comment.
Big business is not about making money
This is the image promoted by most of the enterprises established in Hong Kong and a statement reiterated by our Chief Executive Officer for many times in the public. In fact, companies of public transport, such as, the Mass Transit Railway or the Cathy Pacific Airline, claim to be so. Our city building companies or estate developers, such as, the Cheung Kong and the New World Estate Development share this point of view. Of course, our bankers are not left behind, and the Standard Chartered and Hong Kong Bank are in the list. Seemingly, most of our big businesses are not only preoccupied with their zeal for moneymaking but also public responsibility. Sadly, the gathered facts provide us with a different viewpoint.
The Cathay Pacific is a publicly owned company and the Mass Transit even has a major share of its stocks held by the government. Both of these companies have claimed themselves to have a sense of social awareness and actively involved in various social welfare programs. However, to their fare strategy, none of them is willing to back down from their position even a public request for a discount to the needy students or the handicapped. Presently, even with an enormous surplus from the business, both of them have announced an increase in fares for development reasons and our government seems to be a toothless tiger complying with the request. No doubt, moneymaking is the incentive of these gigantic companies.
Maybe, the epilogue of the Cathay Pacific incident deserves to be mentioned. A women leader of the labour union has been actively helping the flight attendants to demand for a pay increase and a reduction in working hours. Of course, in