FDs rate Davos a waste of time

Finance directors in the UK have given the annual World Economic Forum in
Davos an overwhelming thumbs down.

When asked whether the get-together of global business leaders and other
high-profile personalities was a waste of time, two thirds of respondents to the
Accountancy Age/Reed Finance Big Question agreed. Only 28% felt that
the event was worthwhile.

‘Perhaps somebody could identify tangible benefits that have flowed from
previous meetings?’ asked one FD. ‘I am not aware of any.’

Another argued that there was little chance of any consensus being formed at
the gathering, and even less of any positive action being taken.

One FD said that there were ‘too many people attending who are there to
further their own needs, rather than those who require help’.

Some FDs did support Davos, with one respondent believing it was a ‘unique
opportunity to have public debate about global issues that would otherwise go
largely unaired’.

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