Howard Davies: Davies’ Davos diary: Why the forum is like Scientology

from FT:

Davos ought not to succeed. Why on earth should the world’s business and financial community, with a leavening of politicians and princes, trek up a mountain to an overpriced resort, to spend much of their time sitting in an Audi (the official car) traffic jam, where the only interest lies in distinguishing the A8s from the A4 Quattros? (Aston Martins can’t fit the snow tyres, I am told, or the Russians would take theirs along).

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Each year, the invited and the salon des refuses compete to be as dismissive as possible about what they are, or are not, going to do. Will Hutton kicked off this season with a bitter piece in the Observer, condemning Davos Man and all his works. He knows whereof he speaks, as a 20-year veteran. I shall be sorry not to see him leave the hotel for the slopes on non-filing days – four out of five for a Sunday journalist. But George Soros, who is here as usual, told me he “hates it”, but always attends. Read more


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