On the eve of the World Economic Forum’s 50th annual meeting in Davos, I wrote about the need for well-intentioned corporations seeking to lead a new era of stakeholder capitalism to convincingly separate themselves from the also-ran. By the end of the week in Davos, I was pleased to see businesses race against each other to forcefully signal their […]
Milton Friedman versus Klaus Schwab – it was a battle between two world views. In 1970, Friedman wrote his seminal essay on the role of the firm effectively arguing that the “business of business is business” and that wider stakeholder considerations can be value-destructive. In 1973, Klaus Schwab’s Davos Manifesto argued that management must also serve employees and society, […]
It feels as though cyber risk has crept up on us without warning and with great intensity.
We have come a long way from the days when our palm pilots had to be hot-sync’d through a docking station and the occasional hazard was from viruses transmitted as email attachments. Over the years, we have embraced extreme connectivity combined with extreme […]
One of the purported prizes of Brexit is the ability of the United Kingdom to strike free trade agreements with the world outside the European Union. The presumption is that those agreements would benefit the UK’s export basket, a principal component of which is financial services. It is therefore instructive to anticipate and stress-test the feasibility of such deals […]