BUSINESS > CEOs in Turkey back Gezi Park protestors

ISTANBUL- Hürriyet Daily News

Around 65 of the 137 CEOs in Turkey say they visited Gezi Park during the anti-government protests and 90 percent of them think the protesters’ claims were justified, according to a comprehensive survey

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Around 90 percent of CEOs in Turkey found the Gezi Park protesters to be justified, according to a comprehensive new survey. A large majority of them awarded no more than ‘5 out of 10’ for the government’s crisis management. DAILY NEWS photo, Emrah GÜREL

Around 90 percent of CEOs in Turkey found the Gezi Park protesters to be justified, according to a comprehensive new survey. A large majority of them awarded no more than ‘5 out of 10’ for the government’s crisis management. DAILY NEWS photo, Emrah GÜREL

Nearly half, 48 percent, of the 137 CEOs in Turkey said they had visited Gezi Park during the anti-government protests and around 90 percent of them found the protesters’ claims justified, according to a comprehensive survey by Turkish weekly economy and business magazine Ekonomist.

The Ekonomist editorial staff asked 11 questions about the anti-government protests, the government’s response to the protests and the effects of the protests on Turkish economy to the members of the CEO Club, an organization formed by Ekonomist and monthly Capital with the participation of more than 500 CEOs in Turkey. “137 CEOs answered our questions, and this is very high participation,” the magazine said.

Around 90 percent of 137 CEOs in Turkey found the Gezi Park protesters right, according to the study. A majority (54.8 percent) said the starting point of the protests was “a reaction to many policies of the Turkish government.” According to 26.1 percent of the CEOs, the protests should be seen as “some way of democratic claiming of people’s rights,” while only 11.3 percent saw the movement as part of an “environmentalist cause.”

Meanwhile, 41.2 percent of the CEOs said the protests and the police response had gone on for so long because of the “harsh touch of Turkish Prime Minister Erdoğan,” while 30.4 percent of the CEOs found the “harsh police response” as the main accelerator. To only 11.8 percent of the CEOs were “some provocative groups” considered the main party responsible.

Around 53 percent of the CEOs said they would give just 1 out of 10 points for the government’s management to the crisis; even more, 92 percent gave not more than five of 10.

Economy to be ‘affected’

Around 60 percent of the 137 CEOs said their businesses had been affected more or less negatively by the protests and harsh police response.

Unless the Gezi riots calm down, the tourism sector would be affected most negatively, according to the CEOs. The second biggest negative effect of the riots on the economy would be a slowing in foreign direct investment in Turkey. 16 percent of the CEOs believed that the capital markets would be affected more if the riots and the harsh response did not calm down.


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Notice on comments

Irish Rover

6/19/2013 10:49:10 AM

@Eric Martin - Turkish companies=Turkey's prosperity, you sod. Without companies you have no jobs. Turkish entrepreneurs tolerated AKP social policies because eventually AKP was good for business. Now that the economy will decline there is no more benefit of AKP.

Basil Keilani

6/19/2013 3:33:34 AM

The CEO's think that the party is going in the wrong direction in some ways, and that it helped cause the protest and too much force was used, and this has affected how foreign investors and tourists look at Turkey, and the government seeks to blame the protesters, but people don't blame them really.

Geir Fugleberg

6/18/2013 7:44:05 PM

Why should policemen sympathise with the protesters?? They would be crazy to do so! Mr Erdogan have increased their salaries almost threfold over a few years,now they can buy a new car with financing at virtually european rates,and as state employes they retire at 45 with a lump sum that gives them the oportunity to buy a house in a small town!! They know very well where their loyalties should be! The term bought of somehow comes to my mind!

giulio riva

6/18/2013 4:04:08 PM

We ,as an italian and international insurance broker , just established in Istambul with a joint venture , and of course are very worried on the situation . We hope that the situation will calm down and of course the governement for our point of view should give proof of distention and comprehension ! Turkey has become a great country with many interesting opportunities in the business field for local and foreign companies , too bad to spoil all that !

Köksüz Kosmopolit

6/18/2013 4:00:44 PM

Doh! Stupid typo; I refer, of course, to the 1974 Lions tour. In 1972, of course, there was no tour.

Köksüz Kosmopolit

6/18/2013 3:50:33 PM

@Mehmet U.: dangerous for any one CEO, yes. But I remind you of the famous "99 calls" during the 1972 British & Irish Lions rugby tour of South Africa. "When I call 99", ordered the captain, "every Lion turns round and punches the nearest South African player in the face. The ref can't see every punch, and he can't throw off the entire squad!"

David Cuthell

6/18/2013 3:49:14 PM

Why was this article not placed on the front page?

Mehmet Ungrateful

6/18/2013 3:16:47 PM

I am not sure what to read into this. It will probably be very dangerous for any CEO to publicly go against the tyrant. I pressure that the tyrant's cronies probably control at least two thirds of all the business in Turkey. They make money when the exchange rate is high as believe most are exporting. Anyway, it will be very nice if they spoke out and appreciated what is happening out there. The tyrant will have to resign.

Geir Fugleberg

6/18/2013 2:47:52 PM

Mr Visaly,your perception of Istanbul is somewhat out of date,I doubt if there has been any villas,as you say,around Taksim for the last hundred years or so. Ofcc given a few hundred millions bucks you could always raze a highrise and buld one if thats to your taste!!


6/18/2013 1:15:16 PM

2.51 Tl for one (1) Euro now. So I think there is something happening on the (Turkish) money market now. Imports will be more expensive, so also gas and oil. Foreigners will pay less for their beers in Turkey but as the prices are sky high (due to the high taxes), not many tourists will come (or return) to Turkey I suppose. One liter of nice table wine in Greece costs you 11-13 Euro, in Turkey you have to pay at least 70 TL or more for the same quality. "The Times They Are A-Changing" (Dylan).
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