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
Opinion
Opinion
Eye on Asia
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
