Whole Network Accounting Compliance Ethics executive pay SOX strategy

 

Davos: much ado about nothing

Filed in archive markets by leon on February 1, 2007

Davos: much ado about nothing
What does the annual World Economic Forum schmoozefest at Davos actually achieve?

Precious little, says Bloomberg's Michael Lewis in his piece Davos Is for Wimps, Ninnies, Pointless Skeptics.

"Davos is where people with no talent for risk-taking gather to imagine what actual risk-takers might do. Davos Man needs to sit in judgment; Davos Man needs to brood. So great is this need that he will brood about virtually anything, no matter how little he knows about it...So why do these people waste so much of their breath and, presumably, thought, with their elaborate expressions of concern? Even if these global financial elites knew something useful that you and I don't - that, say, 50 hedge funds were about to go under and drag with them half the world's biggest banks along with a third of the Third World - they would be unlikely to do anything about it."

The event that really summed up the pointlessness of Davos was the sumptuous dinner held to discuss malnutritionlinks. As the BBC noted, empty rice bowls were probably not on the menu. And not a beggar in sight outside.

Indeed, the big issue at Davos might be: "What's to eat?", reports Bloomberg.

So what's the point of bringing together the world's most powerful people who directly or indirectly control the price of our homes, cars and food, and have a role in shaping the state of our climate, media and security?

One very good reason. As German steel magnate Jürgen Großman told Deutsche Welle, it's all about networking and drumming up business.

Dressed up to look like you're saving the world.







Permalink: Davos: much ado about nothing
Tags: Davos  networking    davos  business  much  corporate  davos+much  marketing+maladies  maladies+their 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/51928





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts



 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.




  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy