From Jamie Dimon's defense of bankers, Mike Duke's less than rosy economic outlook, to the talking (and not talking) about the political turmoil in Egypt, here's a look at some of this year's highlights at Davos.
Toward the end of another long day in Davos last week I phoned home to San Francisco, where the day was just starting. My four-year-old daughter asked me: "Why is your work in Switzerland, Daddy?" A most wonderfully astute question, I thought, though I was unable to give her a satisfactorily succinct response. Upon my return, my wife asked, as perceptively as her daughter: "So, what do people talk about in Davos?"
I've thought quite a lot about these two questions. My "work," such as it was, shifted at the end of January to Davos, site of the annual meeting of the World Economic Forum and its endless panels, institutional meals, hallway conversations, slippery sidewalks, lavish and ear-thumping parties and, yes, a few ski runs. I went for the same reason I assume everyone else goes: Because I got invited and for the opportunity to rub shoulders with the people who are the tops in their fields across the globe, primarily in business and public service.
As for what people talk about, I think I've boiled that down to a simple answer now too: Other than general schmoozing and catching up with old friends and new (shoutout to journalists Daniel Gross and Peter Lattman) as well as ex-journalist Rik Kirkland and his always awesome wife Vicky), most everyone in Davos is advancing their agenda, or, as the case may be, agendas. More
There was a whole lot of talk at the World Economic Forum's annual meeting. But how much of it will turn into meaningful action?
By Vineet Nayar, contributor
When I arrived in Davos, Switzerland, last Tuesday for my fourth WorldEconomic Forum annual meeting, I found myself asking an odd question: What am I doing here?
As described in a previous post, I kept thinking about the investment made in the 5-day event -- including MOREJan 31, 2011 3:45 PM ET
As several major web browsers begin to adopt stronger privacy measures, here are a few things that policymakers and business leaders should keep in mind.
By Michael Fertik, contributor
This week in Davos, the World Economic Forum is convening several sessions on digital privacy. (I am moderating one and panelizing and participating in others.) The WEF has taken a leadership role in this field, emphasizing the importance of privacy in the context MOREJan 28, 2011 4:11 PM ET
The world's heavyweights are gathered to talk about carefully selected topics. An uprising doesn't make it on the official agenda.
There are a few big stories this year in the sessions at Davos: The developed world's massive deficits, the rise of developing countries, the future of the euro.
Off the mountain top, there is only one big story: Egypt.
Davos, of course, is its own world, 1,600 miles from Cairo MOREJan 28, 2011 12:52 PM ET
I met for the first time this afternoon with Leo Apotheker, the new CEO and president of Hewlett-Packard (HPQ). We agreed not to discuss HP matters, given that he isn't quite ready to discuss his grand plan for the company. (Yes, I traveled halfway around the world to meet the guy next door.)
Apotheker is as charming and pleasant as I'd been told. If he has any ill will for my MOREJan 28, 2011 10:57 AM ET
At the World Economic Forum today, Jamie Dimon, the CEO of JP Morgan (JPM) called for humane executions of bad banks:Jan 27, 2011 1:41 PM ET
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
GM READY TO DRIVE SOLO sometime within the next year, according to a representative from the Obama administration. After the government saved the company from going under in MOREJan 27, 2011 7:09 AM ET
Mike Duke sees Wal-Mart (WMT) shoppers embracing smart phones. He "loves" his company's business in Mexico. And given Wal-Mart's history of buying the goods it sells in developing countries, especially China, he's even excited about the handful of U.S. products Wal-Mart is exporting to places like Japan and China.
Duke is attending the World Economic Forum in Davos, Switzerland, for the first time, yet another sign that the once-insular Wal-Mart is MOREJan 27, 2011 6:16 AM ET
As unemployment slowly begins to give, the head of BCG says companies must rethink the role of aging workers.
For the last few years, management consultants have earned a reputation as Bobs: suits who come in with the aim of finding costs to slice and workers to axe. The nickname comes from "Office Space," in which two consultants, both named Bob, descend on a company and take over a conference room MOREJan 27, 2011 3:00 AM ET
It's easy to see the benefits of global meeting in Davos, but the CEO of HCL wonders if there are better uses of the 75,000 executive hours.
By Vineet Nayar, contributor
What am I doing here?
Maybe it was the change of climate or the jet lag or something I ate. But as I arrived in Davos today and gazed up at the snowy peaks, that's the question I was asking myself.
Wait a MOREJan 26, 2011 5:47 PM ET
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