Word: businessmen
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...That doesn?t mean that the critics of the WEF have gone away, even if they have been less visible this year than many expected. But two things about their case against Davos continue to puzzle me. First, I think they misunderstand the nature of the businessmen and businesswomen who attend these conferences. By and large, those who come here (remember: many of them are European) do so at least partly because they are genuinely interested in non-business issues, and because they want to learn more about questions of corporate social responsibility and the like. One long-time...
...Government--the authority of the American political process has been in a long decline. At the same time, the reputation of U.S. business leaders has grown extraordinarily. In the 1980s and '90s, Lee Iaccoca, Sam Walton, Bill Gates, Andy Grove, Jack Welch and their ilk became our new heroes. Businessmen seemed to combine a buccaneer's spirit with a slide-rule mind. "Washington" (the word had to be said with a sneer) was, by comparison with the worlds of our titans, disorganized and inefficient, quite hopeless...
...daring--in the pantheon of American business. That such a judgment could be made by those not otherwise known for idiocy places our value system into question. The task of companies is to provide returns for investors and so create jobs and spread wealth. But by the '90s, top businessmen had become celebrities, writing books (or having them ghostwritten), gracing covers of magazines and preaching the wonders of American management and transparent accounting practices to companies in other countries. After Enron, the audiences overseas for heroes of glamour capitalism may diminish; meanwhile Americans have become appreciative of safety and security...
...attract private businessmen to manufacture shoes or garments, the low wage industries that make sense for Vietnam, Manh must convince investors they will find a more business friendly system than ever before. A core issue is the nearly 6,000 state-operated enterprises and their estimated $1.3 billion in bad debts that drain money from the state budget and national banks. The logical step is to sell them to investors who can make them efficient, but there's no transparent system in place for putting a price tag on them. Not surprisingly, foreign investors have shied away...
...Kelly: Well, it always hasn't been political. We have done businessmen, we have done scientists and even royalty. But I don't think someone in show business has ever been Person of the Year - unless they were in politics...