Brilliant framing with the quriltai analogy. The shift from Schwab's convening authority to Fink's asset management muscle really captures how power centers have fundamentally changed. What's especialy telling is BlackRock's admission that leaving NZAM didnt actually change portfolio management at all. I rememer sitting through similar ESG presentations where everyone nodded along, knowing full well the words and actions were on completely different tracks.
As the writer notes: 'This isn’t hypocrisy – it is something more interesting. It is simply a system where leadership exhortations and organisational behaviour operate on divergent tracks.' This divergence points to the issue of values. While values are understandably largely defined along cultural lines, there are some hard to ignore basic human values - for instance, empathy, decency and generosity. These appear to be increasingly sidelined by those who hold power. This reminds me of a moment when during a consultancy project with a client organisation, I asked about their corporate values. The senior managers looked askance. The HR manager jumped up and rushed towards the door, declaring: 'We did those at the offsite last year. I have a power point slide somewhere. Give me a minute....'
You’ve outdone yourself with this piece, Adrian ! Glad to see you saying it as it is now that you’re outside the Forum.
Your Mongol analogy is spot on. Genghis Khan was ruthless, but he was also famously tolerant & encouraged meritocratic growth, ensuring China’s civilisational trajectory continued.
Like Prof. Daniel A. Bell suggests, the real question isn't democracy vs. communism, but whether we can learn from a meritocracy that keeps exuberant "captains of industry" in check to achieve 和 (Harmony).
Larry Fink’s retreat from ESG shows that even the biggest players can’t force the market to "do the right thing" under current governance (like bad parents who feed their kids junk food knowing its bad!). It’s time for a more prosaic approach: #CorporateParenthood. His recent FOMO push into stablecoins also raises systemic questions 4 #PensionFund security http://Stablecoin.4good.space
With the systemic risks highlighted by Ian Bremmer @WEF who will dare to be a "parent" to their firm, society, & Mother Earth? #GZeroParent http://GZeroParent.4Good.Space
Brilliant framing with the quriltai analogy. The shift from Schwab's convening authority to Fink's asset management muscle really captures how power centers have fundamentally changed. What's especialy telling is BlackRock's admission that leaving NZAM didnt actually change portfolio management at all. I rememer sitting through similar ESG presentations where everyone nodded along, knowing full well the words and actions were on completely different tracks.
Cheers... it is strange sometimes seeing the disconnect between leaders desires and aspirations and what their organisations churn out.
As the writer notes: 'This isn’t hypocrisy – it is something more interesting. It is simply a system where leadership exhortations and organisational behaviour operate on divergent tracks.' This divergence points to the issue of values. While values are understandably largely defined along cultural lines, there are some hard to ignore basic human values - for instance, empathy, decency and generosity. These appear to be increasingly sidelined by those who hold power. This reminds me of a moment when during a consultancy project with a client organisation, I asked about their corporate values. The senior managers looked askance. The HR manager jumped up and rushed towards the door, declaring: 'We did those at the offsite last year. I have a power point slide somewhere. Give me a minute....'
You’ve outdone yourself with this piece, Adrian ! Glad to see you saying it as it is now that you’re outside the Forum.
Your Mongol analogy is spot on. Genghis Khan was ruthless, but he was also famously tolerant & encouraged meritocratic growth, ensuring China’s civilisational trajectory continued.
As I predicted, we are seeing the #CollapseOfEmpire play out in real-time: http://ARQEmpire.4Good.space
Like Prof. Daniel A. Bell suggests, the real question isn't democracy vs. communism, but whether we can learn from a meritocracy that keeps exuberant "captains of industry" in check to achieve 和 (Harmony).
Larry Fink’s retreat from ESG shows that even the biggest players can’t force the market to "do the right thing" under current governance (like bad parents who feed their kids junk food knowing its bad!). It’s time for a more prosaic approach: #CorporateParenthood. His recent FOMO push into stablecoins also raises systemic questions 4 #PensionFund security http://Stablecoin.4good.space
With the systemic risks highlighted by Ian Bremmer @WEF who will dare to be a "parent" to their firm, society, & Mother Earth? #GZeroParent http://GZeroParent.4Good.Space