Expanding the Legacy
Expanding the Legacy
Klaus Schwab, the octogenarian founder and chairperson of the World Economic Forum, has been a naughty boy. Mr Schwab repeatedly and persistently harassed female staffers with suggestive and vulgar comments and, on at least one occasion, propped his leg on a desk to place his crotch in front of a staffer’s face whilst lamenting the fact that she wasn’t from Hawaii, explaining that he would have enjoyed watching her in ‘Hawaiian costume’.
WEF executive chairperson Klaus Schwab (86) is taking a step back from the organisation of the talkshop that brings thousands of ‘thought leaders’ to the Swiss mountain resort Davos each year. Conceived as a low key event to allow movers and shakers to swap ideas and experiences away from probing microphones and cameras, the annual event has of late become a stage for grandstanding from where the holier-than-thou dispense lessons in ethics to the unwashed hoi polloi.
Alas, literature it is not. Shaping the Future of the Fourth Industrial Revolution is, at times, an awkward read held together by the vacuous phraseology much in vogue with upper-management types. After all, what is ‘linear thinking’ and why should it be avoided? Conversely, why must leaders learn how to navigate ‘exponentially disruptive change’, and will they know how to identify such a dreadful phenomenon? However, and thankfully, this is a rather slim volume running just 288 pages. It is also a rather important tome and packs quite a punch, albeit probably not in the way intended. In a nutshell, the message is: society better be prepared to deal with smart machines, powered by artificial intelligence and other marvels of technology.
The ultimate networking event is set to kick off in a week with a record-setting 2,633 participants. The World Economic Forum (WEF) today released its list of invitees the organisation hopes to welcome in Davos, the posh Swiss ski resort where the event unfolds annually since 1971.
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