In answer to Marc Orlitzky's quetion below ... My impression of what he
said was that his thinking is similar to mine. That is, "well run
businesses realise that sustainability is something that needs to be
dealt with in the current context". So, smart people who want to
capitalise on the latest trend are associating themselves and their
products with sustainability. Al Gore - or Al Gore's enthusiasm for
sustainability - is an artifact of that phenomenon.
Having said that, I seem to think that he said something along the line
that "by investing in his GENERATION fund you could expect to at least
equal the returns of a similar non-sustainable fund". Does that answer
your question Marc?
Al Gore remains a good front man - I left the room liking him and his
product.
What was interesting/amusing was that his CEO (Al Gore is the chairman)
started his talk by saying - Al Gore is the hardest act in the world to
follow. Then he related an episode which implied that he was not a
great wordsmith. While he was starting his presentation about 10% of
the people in the room left (they were there to see Al Gore). He then
said, I can see people in the first four rows - the rest of you can
leave and I will not notice. I was in the fourth row. So, I could not
leave, but I did dose off and awoke to see the speaker glaring at me.
Lionel Boxer CD PhD MBA BTech(IndEng) - 0411267256
Supervisor/Lecturer -
lionel.boxer@rmit.edu.au
Graduate School of Business
What's up?:
http://intergon.net/events.html
Mother&Child Relief Foundation see events page
http://www.myspace.com/thesustainableway
>>> Marc Orlitzky <
marcorli2007@YAHOO.COM> 24/09/07 12:43 PM >>>
Lionel:
In Gore's presentation, did you get a sense of his perception on the
following issue?
Does Al Gore believe that sustainability investments (naturally) have
better returns than other, regular investment funds or does he believe
that introducing nonfinancial criteria might be associated with lower
econ. returns (at least in short run)? Is it a win-win in his opinion
or a zero-sum game?
Thanks,
Marc
Marc Orlitzky, Ph.D.
(ph) (909) 708-7618
e-mail:
marcorli2007@yahoo.com
----- Original Message ----
From: Lionel Boxer <
lionel.boxer@RMIT.EDU.AU>
To:
ONE-L@AOMLISTS.pace.edu
Sent: Sunday, September 23, 2007 4:57:43 PM
Subject: [ONE-L] I attended Al Gore in Melbourne last week
Al Gore was promoting his Generation "Sustainability investment fund"
last night.
He has a great presence.
Despite the commercial nature of his presentation he said all the
things you would expect him to say about saving the environment and
society. He had a positive message about doing something to solve the
problems and leading the rest of society towards better investment
practices involving longer term decision making that truly integrates
a
full spectrum of financial and non-financial considerations.
Lionel Boxer CD PhD MBA BTech(IndEng) - 0411267256
Supervisor/Lecturer -
lionel.boxer@rmit.edu.au
Graduate School of Business
What's up?:
http://intergon.net/events.html
Mother&Child Relief Foundation see events page
http://www.myspace.com/thesustainableway
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