YouSaid · the spoken record

Klaus Schwab

lines on the record: 27
first: 2020-12-18
most recent: 2020-12-18
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“It takes brains, soul, heart and muscles. Now, the brain stands for professionalism. You have to know what you are dealing with. The soul stands for having a compass which gives you direction. It may be a vision, it's your values, and the heart is for passion. You have to be passionate about what you are doing. And the muscles is for being able to implement your ideas, your vision, to translate your values. And I have to say, when I look around in the world, all the leaders I have met, there are actually only very few who respond to all four criteria. But again, the person who is outstanding, the best role model is certainly not...”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say it's not too hard, but certainly not within a minute or sometimes it takes a week, but certainly... Most people say, I have met a leader probably around the world, with the exception of the last pope. I try to take out of all those meetings the very best. David, if I may, when you meet those people,”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I think there are many, many examples where we took an initiative or we provided a solution. I'm personally very proud maybe as an academic that stakeholder capitalism is now broadly accepted and has been even in the corona crisis shown as being more robust model for business compared to one company which is only aiming at short-term profits.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I have built a very strong governance structure, not only with the Board of Trustees, but also with the managing board, the forum is now an organization with offices around the world, in China, Tokyo, US twice, and also we have our Center for the Force Industrial Revolution in San Francisco. I think there are many capable people and if something happen to me, I think the spirit would survive.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Happens, for example, we at a very critical moment. 30 years ago, we prevented probably a war between Turkey and Greece, even if unfortunately we didn't solve the animality. We were the only platform for many years which brought Israeli leadership and the Arab leadership together in Davos, as you know David. We try always to be a platform of good services. I would even say in the Pest Swiss tradition because like Switzerland, the world economic forum is independent, impartial and non-political.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I think if I look over the last 50 years, it is the conviction that the big issues in the world need a collaborative approach. Business has to interact with government leaders, but also if you want to plan long-term, you have to know how customers feel how the young generation feels, what experts are thinking. So that was became a place where you really could absorb what's the future will bring you. I think intellectual or contextual intelligence, as I would, to know what's going on, not only now, but what will happen in the future to connect the dots. Became more and more important for business leaders when they looked at their long-term strategies.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“No, we are more, let's say, a private family. I think we will do it. We married in a very little church in a mountain valley which cannot, let's say, give room to more than probably 20, 30 people. So we will go back certainly to St. Church if COVID allows us to do so.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“It was 1971 and there were 444 people and actually I hired one employee because I needed some experience in how to run a conference. That's how I met my wife. She was my first hit and my first collaborator.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“No, certainly not because now we have the trust of everybody because people know we are serving a purpose and we are not serving our own interests.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I was teaching actually leadership, corporate management. Son, as a professor was, I should say frankly, a little bit bored after all the previous experience I had written this book, then I felt why not to create a platform where business leaders could meet their stakeholders, which means”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I got an offer from the German machine building association. You have been at Harvard, you have a business experience. Why don't you write a book for our members on modern management? So I sat down and asked myself, what is actually the purpose of a company? And that's when I came up with the stakeholder concept, which means that a company is not just an economic unit, but a social organism. And it has to serve all those who depend on the company, who have a stake in the company, like the people working in the company, the community that is active in. So that was the big, let's say, beginning actually of Sadabos idea. Because the Dabos idea is the stakeholder. Capitalism, so stakeholder responsibility.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I got the phone call from a famous Swiss industrialist, Mr. Schmidhein, and he told me, look, you have the Harvard experience. I just merged two companies, 10,000 people company with another big industrial group, the Sulze group, which still exists. Why don't you come and you are responsible for the merger? So I went through a hard school because I had to lay off people. But after two years, let's say the job was more or less finished. And I asked myself what to do now. And I got an all four forms, University of Geneva, to do teaching. And I felt with all the academic experience I have accumulated, business experience, I should spend one or two years teaching. At the same time,”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“time we didn't have the internet yet it was a big catalogue I found a center which was called Litauer Center and today is the Kennedy School and I discovered if you if you accepted at the Litauer Center you can cross register everywhere in the harvard system so that's what I did I registered with the Kennedy School went to all the classes of the Harvard Business School second year and suddenly I got an invitation from Dean Baker to have tea with him in this little president's house and he said you are the first one who outfoxed our system from now on cross registering will only be possible for two courses so for two classes but for me this year at Harvard it changed my life because I met also people like Henry Kissinger Sean Kennis Galbrace, and I became much more interested in political, general, economic, societal problems.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, I went to high school in Germany, but then studied in Switzerland where I did at the same time studies in mechanical engineering. But at the same time, I studied economics and I concluded both with a master's degree, of course, and afterwards with a doctorate. And then my father felt in order to do real career in business, you have to go to Harvard Business School. So I applied to Harvard Business School, was accepted. But then I wrote to Harvard Business School and said, look, to Dean Baker, look, I have two doctorates. I want to come to the second year immediately. And he wrote back no way. So what happened afterwards, I found a school in such a”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I grew up in a middle-sized town just north of Switzerland in Germany and I actually experienced still the horrors of World War II. I remember how I was sitting with my teddy bear in our shelter. But we were actually fortunate because my father was working for a Swiss company and was also active for the International Red Cross. So we could cross the border at any time between Germany and France and Switzerland. And what struck me and what probably influenced my whole life was to cause the kind of line, an artificial line, the border between Switzerland and Germany. And on the one side there was peace and on the other side there was war. I think it was a very important element. For me and a driver to devote my life to dialogue, to reconciliation, to working together in order to solve issues.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, of course all the top decision makers are in Davos, but it's only half of the truth. You have, in addition, many people not very well known, particularly not known to the media. I just give you some examples. I invited Mrs. Ahan when she still was a member of the parliament. We invited people like Mandela. I was one of the first visitors to see him when he came out of prison in 1990. So I brought him 92 to Davos. It was a remarkable historical event because it was the first time he came together with at that time President Clerk and it was demonstrations at apartheid. Has stopped in South Africa. So there are many of those people young, not very well known, but those are the people who shape the future.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I will read the letter because I'm always curious about new people. And as an example, I just got the email. I don't know where he has my email address from. young girl in 16 years old in India who has done extraordinary things to help the community in terms of practical approaches to deal with environmental issues, particularly with plastics. So we have certain open house for everybody who has an innovative spirit because we want to shape the future and let's not forget we can shape the future in a positive way if we have also new innovative”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“You have to be a decision maker, either in politics or in business, but also in civil society. And in addition, we invite always young people, of course the media, scientists. So it's a true mirror of global stakeholders, which means of all walks of society.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I want to avoid a big city. I wanted to create a true global village where people meet on the streets. That was a village. Davos had the necessary infrastructure in terms of hotels and also a great Congress house.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Because most of those people I am in touch more on intellectual basis, on a political basis, on a conceptual basis. So fortunately they don't always dare to call me if there are such matters, but they call my stuff and really insist because Tamosis is a place for skiing, the hotel infrastructure is not like in a big city. But I think everybody over time now accepts what is important is the personal contact, the frank exchange of ideas so you make certain sacrifices in terms of your personal comfort.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I think it's difficult because it was always related to the specific timing when someone came. For example, when President Pramp came, he was the first year in the office. But for me, the most important or the most memorable participant certainly was Nelson Mandela.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Now usually the presence is the result of a longer mission. friendship in certain cases or at least relationship. Just look at, I take a case, for example, Mrs. Merkel when Chancellor or Mrs. Merkel at that time, when there was the fall of the wall and by the way the world economic from very engaged and essential in the German reunification because Chancellor Kohl and his East German counterpart met the first time in Davos and decided to go ahead with the unification. But at that time there was a young member from eastern Germany appointed to the cabinet as environmental minister and we made her a young global leader and she came regularly to Davos and so out of let's say this first invitation Regular participation has developed over the last years. And I could go on and on.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, they will come together again during the usual Davos week, but of course in a virtual form. It's so important to look at the agenda of 2021 and to shape the agenda. We are at the crossroads. But the virtual meeting is not enough. So we combine it with a meeting where people really physically will meet again later in May, hopefully vaccines and progress in testing will allow us to do so.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, but, you know, Denise says, you know, it's not happening in Davos, Switzerland this year, though, because of the pandemic.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“I was one of the first visitors to see him when he came out of prison in 90. And Klaus Schwab on inviting Nelson Mandela. All this and more coming up in the next hour of Bloomberg Best.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“You have to be a decision maker what it takes to get invited to the World Economic Forum. We can shape the future in a positive way if we have also new innovative ideas.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source
“Stories you're not going to find in any other news organization. Bloomberg Best, Bloomberg's Best Stories of the Week, powered by 2700 journalists and analysts in more than 120 countries around the world. I'm Ed Baxter.”
2020-12-18 · The David Rubenstein Show · Klaus Schwab · IDENTIFIED FROM THE TRANSCRIPT · source