During this highly relevant, highly interesting, and well moderated session, I learned the following:
- From minute 6: We are in a technology revolution. Also, we are in a leadership crisis. People have very little trust in leaders. The amount of change that is under way require really good leadership. We need stronger leaders with stronger visions for where we are going. Leaders need to acknowledge that the world is changing, and they need to step up now to make the world better.
- From minute 11: Technology is never good or bad. It is what we do with technology that matters. That is why we need leaders. Technology is a tool. One way to use technology is to automate and eliminate tasks. The bigger opportunity is to use technology to complement work that human beings do, i.e. enhance / augment human capabilities. We need to increase the speed of creating new opportunities and pay people for work they do every day. Today, that is, to a very large extent, not happening. For many years now, the middle class has not been getting their fair share. The middle class has been and is getting poorer – even though the overall pie has been growing strongly. We need to put in place policies to make sure that we create shared value / shared prosperity. And it needs to happen now.
- Minute 18: What we need is to ask why we build economies. What is the purpose? What are the underlying values?
- Minute 21: The CEO role / the CEO position needs to transform / change. We need to go beyond understanding leaders as people who lead 1 company or 1 nation.
- Minute 25: People need to own their data so they get their fair share of financial value they create by sharing their data on various platforms.
- Minute 39: When you see growing inequality, it is often a sign that we are not doing education right. We need to change how we do education.
- Minute 42: Education is a given However, education is not enough. An example: Many young Tunisian people are highly educated. However, the work they do is not being paid. There are hundreds of French companies in Tunisia. There are also hundreds of German companies in Tunisia. CEO’s of French and German companies in Tunisia: Involve young, educated people and pay them by reducing your own salaries.
- From minute 49: CEO’s need to wake up and take on responsibility for more stakeholders. There are many stakeholders that are involved and help out. Focus on all of them – not only on shareholders. Pay them. Inequality is the # 1 problem in this world. We need to change that. We need to transform inequality to equality. For example, we need to pay a man the same salary as the salary that a woman is being paid for similar work. Equal salary for equal work. Also, highly paid people need to voluntarily invest in, for example, education and health care in a variety of ways. It is about including more people, helping other people, and creating shared value / shared prosperity.