Klaus Schwab listens to a press conference in Cologny, near Geneva, last year. The World Economic Forum founder, and proponent of a “Great Reset”, says Asia may be “philosophically more prepared” for stakeholder capitalism. Photo: EPA-EFE Klaus Schwab listens to a press conference in Cologny, near Geneva, last year. The World Economic Forum founder, and proponent of a “Great Reset”, says Asia may be “philosophically more prepared” for stakeholder capitalism. Photo: EPA-EFE
Klaus Schwab listens to a press conference in Cologny, near Geneva, last year. The World Economic Forum founder, and proponent of a “Great Reset”, says Asia may be “philosophically more prepared” for stakeholder capitalism. Photo: EPA-EFE
Tilak K. Doshi
Opinion

Opinion

Eye on Asia by Tilak K. Doshi and Peter Coclanis

The irony of sages of the West offering stakeholder capitalism to Asia

  • Given Asian corporate governance issues, the West’s stakeholder campaign merely offers gleeful Asian tycoons new opportunities to financially underperform
  • Meanwhile, CEOs who support the campaign have been found to furlough staff and cut benefits amid the Covid-19 crisis while paying dividends to shareholders

Klaus Schwab listens to a press conference in Cologny, near Geneva, last year. The World Economic Forum founder, and proponent of a “Great Reset”, says Asia may be “philosophically more prepared” for stakeholder capitalism. Photo: EPA-EFE Klaus Schwab listens to a press conference in Cologny, near Geneva, last year. The World Economic Forum founder, and proponent of a “Great Reset”, says Asia may be “philosophically more prepared” for stakeholder capitalism. Photo: EPA-EFE
Klaus Schwab listens to a press conference in Cologny, near Geneva, last year. The World Economic Forum founder, and proponent of a “Great Reset”, says Asia may be “philosophically more prepared” for stakeholder capitalism. Photo: EPA-EFE
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