Private Equity International - for the world's private equity markets
PEI Operating Partners Forum: Europe 2013
GlobalAmericasAsiaEuropeMEA
Friday 24 May 2013
Log in Subscribe
Email
Password
Remember me
Magazine Archive
News
Deals
Fundraising
Listed PE
LP Watch
People
Features
Private Equity Manager
Multimedia
Comment
Friday Letter
Careers
Jobs at PEI
All topics
Valuation
Accounting
Regulation
Tax
Legal
Compliance / Risk
IR / Communications
Terms & Conditions
GP Management
Human Capital
Online store
Events
Contact us
Home

Lord Browne: business community 'intolerant of homosexuality'

The former chief executive of BP and current partner at Riverstone singled out private equity, suggesting fewer than 1% of the people he knows in the industry are homosexual.

Lord Browne, who joined Riverstone Holdings in 2007 after 41 years at BP, has castigated the business community for its attitude to homosexuality. In an interview with the BBC, he singled out private equity, the industry in which he now works.

"My sense is that the business world remains more intolerant of homosexuality than other worlds such as the legal profession, the media and the visual arts… I am one of a handful of publicly gay people to have run a FTSE 100 company.

"In some industries, the situation is particularly bad. Among the many people I know in private equity, where I now work, fewer than 1 percent are openly gay," he said.

He called on "leaders in companies, and not just in human resources" to "think about inclusion in every decision they take". He says: "It comes down to a simple maxim - don't do anything that excludes people."






© PEI Media Ltd. All rights reserved. Content on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of PEI Media or in the case of third party content, the owner of that content. You may not alter or remove any trademark, copyright or other notice from copies of the content. You may download material from this site (one machine readable copy and one print copy per page) for your personal, non-commercial use only.
Private Equity Careers - The latest jobs in private equity