Sergio Ermotti, the group CEO of UBS, spoke about cybersecurity threats in an interview with HuffPost Live at Davos.
“We need also to change the rules of the game in society in respect to privacy,” Ermotti said.
See more of Ermotti’s interview above.
Below, more updates from the 2015 Davos Annual Meeting:
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Ermotti said he’s walked five kilometers so far today at Davos, which is “above average.”
Sergio Ermotti, the group CEO of UBS, spoke about cybersecurity threats in an interview with HuffPost Live at Davos.
“We need also to change the rules of the game in society in respect to privacy,” Ermotti said, noting even our governments infringing in privacy.
Dr. Mo Ibrahim writes:
We know that corruption is bad for business. Corruption adds significant costs, undermines competition, and negatively affects sustainable and human development. Anonymous companies are the “getaway vehicle” for corruption. They appear as a common thread in cases of crime, corruption, and schemes to defraud investors. Ethical and effective businesses do not require anonymous companies to operate and succeed, yet such businesses may suffer the consequences of their use by business partners, or be targeted by patent trolls hiding behind them.
Since The B Team began to advocate for beneficial ownership, and against anonymous companies, people have asked us, “What is the business case for beneficial ownership?”. Beneficial ownership transparency involves knowing the identity of the real, living people who ultimately own and control companies and other legal entities.
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“Energy efficiency is a great answer for climate change, but it’s also a great answer for business,” he said.
“In the Western world, 30 percent of the food, water and energy that we all use… actually gets wasted, and that’s just throwing money away,” he said.
Cramer used the example of Hilton hotels versus Airbnb, saying CEOs of major companies have to think about their competition in a different way thanks to fundamental changes in consumer demand.
“Some people say that consumers are the ultimate green washers, consumers say that they will spend more money for environmentally friendly products, but actual data suggests that may not be the case,” Cramer said.
Cramer said consumers are starting to consider what they need, where to get it, what they pay for it before investing in products.
Aron Cramer, president and CEO of BSR, talked to HuffPost Live about social responsibility.
“Social responsibility is not about doing less… it’s about coming up with innovative products and services that meet the needs of the 21st century,” he said.
Adam Grant describes how the showrunner of ‘The Shield’ stopped male writers from talking over their female counterparts.
“I do think it’s fair to say Muslims have a responsibility to reform the culture,” Zakaria said.
