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Bill George

Harvard Business School Professor, former Medtronic CEO

More Speakers at the 2009 World Business Forum

Dennis Nally, CEO of PricewaterhouseCoopers, believes that transparency is the lifeblood of investors.  There must be a simplification of accounting regulations, and a convergence of opinion on how to best enforce those regulations, in order for us to take a crucial step towards recovery.

Audience Feedback:

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Francisco Gonzalez, CEO of Banco Bilbao Vizcaya Argentaria S.A. (BBVA), highlights short-termism as the mentality that greatly contributed to the economic downfall. 

Across his speech, he noted that the three top priorities for BBVA are:

  • Know the customers, and to serve them ethically
  • Invest in technology to provide the lowest cost in industry
  • Grow our footprint in the marketplace

 Quotes:

  • “We have focused on transforming our bank while others are still trying to come out of the crisis. We believe we are on the way to becoming a leader in the new financial industry that is taking shape.”
  • “In running our business, we have been true to our principles and our commitment to people. Constant innovation will continue to underpin our work.”
  • “Technology will play a key role in the transformation of the banking sector. Any bank that bypasses this transformation process will struggle to survive.”

Audience Feedback:

  • innovate RT @jkhoey ‘Short-termism’ and perils of that strategy raises its head again! – From Francisco Gonzalez of BBVA #wbf09
  • 85BroadsNewYork Francisco Gonzalez 3 pillars of Banco Bilboa: Principles, People, Innovation #wbf09
  • jkhoey We don’t see a ‘customer’ we see a whole person – Francisco Gonzalez #wbf09
  • BobPrestonCCO RT @AndreaMeyer: now speaking: Francisco Gonzalez, CEO Banco Bilbao Vizcaya Argentaria S.A. (BBVA), world’s 2nd largest bank #economy #wbf09

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Peter Voser, CEO of Royal Dutch Shell, asserts that by 2050, global energy demand will double.  In response we will need heavy investment in nuclear power, biofuels, and natural gas.  However, even then it will be extremely difficult to meet our energy needs.  There are no easy answers, but they are beginning to surface.

Audience Feedback:

  • ignacio11 Shell’s Peter Voser lays vision for energy company of future, opportunity for US to lead on #climate http://tiny.cc/RI5fb Thoughts? #wbf09
  • hsmamericas Natural gas is the energy of the future: Breakfast with Peter Voser #wbf09
  • SethKahan Peter Voser: Catalytic converters and cap & trade were invented in US – legacy of leadership #wbf09
  • YourBoot We may be in trouble! RT @SethKahan: Peter Voser: Many nations are paying close attention to what happens in Congress #wbf09
  • SethKahan Peter Voser: Working together US & China would have powerful impact on climate change #wbf09
  • SethKahan Peter Voser: US produces 7% world’s oil, consumes 1/5 world’s energy #wbf09
  • Bill_George BGTeam: Royal Shell CEO Peter Voser at #wbf09: Natural gas will be half our energy portfolio… part of “transformation” of global energy
  • Starbucker Peter Voser, CEO Royal Dutch Shell, talking about oil & energy. Are they really serious about reducing emissions? We’ll see. #wbf09

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Antoine van Agtmael

Audience Feedback:

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Morris Chang, CEO of Taiwan Semiconductor Manufacturing Company.

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Irene Rosenfield, Kraft CEO, had some pithy advice: “Get the right people on the bus.  Raise the bar on performance.”

Values in Action

  • We inspire trust
  • Act like an owner
  • Keep it simple
  • We are open and inclusive
  • We tell it like it is
  • We lead from the head and the heart
  • We discuss. We decide.  We deliver.

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