The annual gathering of chief executives, politicians, philanthropists and others at Davos, Switzerland, has become a prominent symbol of the global elite. But before there was a Davos, there was just a self-described “nobody” with an idea. “I had described what is today called the stakeholder concept,” says Klaus Schwab, who in the late 1960s was an obscure professor for business policy in Geneva. “And at the same time, I had the idea: Why not create a platform where the stakeholders could meet, where business leaders could...

Source: Wall Street Journal January 20, 2020 18:22 UTC