Davos and the Rise of Mistrust – WSJ
Along the way, Mr. Schwab seems to have played a role in changing business behavior. One can make a strong case that the stakeholder nonsense he promotes helped inspire the insufferable corporate fad in which every product in your shopping cart had to express an opinion.
But what does Mr. Schwab actually know about serving markets? When it comes to understanding the needs of customers and building a business, let s just say that Klaus Schwab is no
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To be fair, Klaus Schwab s official biography makes clear that he has managed to accumulate a wealth of honors, awards, titles and credentials along the way. What would we do without experts?
But one can t help but wonder if the rise of mistrust in large institutions that he bemoans is directly related to big businesses taking on political and social agendas. Polling indeed shows a great deal of mistrust in large organizations, including government agencies. This is in contrast to the large degree of trust people continue to place in that great American institution known as small business.
Let s hope that corporate CEOs resolve to run their companies less like politicians and more like proprietors.
via www.wsj.com
I wonder if Klaus’s biography touches on his father’s unique contribution to world history. The internet has been well-scrubbed, but you can find it.
This sensible op-ed is by James Freeman.