We need the role models of today to step forward and inspire
30 08 2007Writing in today’s New Statesman, TMP editor Chuka Umunna, reflects on New Nation’s Power List and the need for the role models of today to step forward and inspire.
In three and a half years working for a corporate law firm in the City, I often worked ungodly hours, bleary-eyed, on big-money transactions for many of the private equity houses that have become persona non grata of late. Not once did I hear the name of Damon Buffini.
But early this year, the GMB trade union waged an extremely effective campaign against the private equity sector and made Buffini, as managing partner of the equity giant Permira, its focus. It even parked a camel outside the church Buffini attends, to “highlight the quote from the Bible about a camel going through the eye of a needle”. So successful was it that the likes of the Daily Mail came out in support - unusual bedfellows indeed.
While I share the reservations about private equity’s penchant for playing hard and fast with people’s jobs, I was genuinely delighted to discover Buffini - a man who looks like me and has a mixed-race background to similar to mine - sitting atop the private equity pile.
Here is a man who came from a council estate in Leicester, and became not only the Thierry Henry of his industry sector, but also arguably the richest man of black parentage in this country. What a shame that he has come to prominence in the context of a public row about corporate greed.
After the murder of 11-year-old Rhys Jones, there has been a plethora of interviews with former gang members who grew up in circumstances similar to Buffini’s. Predictably, many have sought a career in music as a route out of the gangs and the council estates.
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In marked contrast, however, he trusts in our organisation; he feels at home with us. Another of our youngsters, 16-year-old Lloyd, who is no longer in a gang, maps out the “battleground” that people like him navigate every day. He describes how CCTV cameras have been installed in his school in an effort to curb the number of incidents there, and explains how the most trivial argument can spill out of the classroom.
Piara Khabra died today. He was the Labour MP for Ealing Southall and, at 82, was the oldest Member of Parliament. Born in India, he arrived in the UK in 1959 having served in the Indian Army during the Second World War. He was a teacher and social worker before he entered parliament in 1992 and built up a reputation as an assiduous constituency MP. He will be sorely missed and all of us at TMP send our best wishes and condolences to his family at this sad time.