20 BIG IDEAS FROM BIG NAMES AT DAVOS

The who's who of the political and business world gather at the World Economic Forum in Davos to discuss the pressing issues of our time. Here are the biggest ideas from some of the biggest names we spoke to on site.
  1. 1.
    The government wants your data.
    Tech companies are in a never-ending battle to ensure consumer privacy, while data hungry governments increasingly request access to prevent terrorist attacks. - Cisco CEO http://www.cnbc.com/2016/01/21/cisco-ceo-tech-government-need-to-find-balance.html
  2. 2.
    Businesses can go green without going broke.
    The oil and gas industry has to play its part, there is no other way. They sit on access to capital, technology and a mass of engineers who can all be moved over to the new economies while they transition out." Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change. http://www.cnbc.com/2016/01/20/businesses-can-reduce-greenhouse-gas-emissions-cnbc-panel.html
  3. 3.
    China is still a good bet, don’t believe the hype.
    With so many gloom and doom headlines coming out of China, many are running for the hills. However, GE’s vice chairman John Rice is betting big on China. “There is plenty of room for growth. If you are in the infrastructure business and you take a long view, you have to bet on China, you have to be a part of it," http://www.cnbc.com/2016/01/21/plenty-of-room-for-growth-in-china-ge.html
  4. 4.
    Markets are down, but not out.
    Recent market gyrations have understandably spooked many governments and investors, but Citigroup CEO Michael Corbat feels this is temporary. "We view what's going on really as more a repricing than any big fundamental shift."
  5. 5.
    Moderate republicans will eventually rise and dump Trump
    The American people are angry, fed up and Donald Trump speaks to that anger. Trump's popularity was directly linked to "mass dissatisfaction with how they are being talked to," public relations executive Richard Edelman said. http://www.cnbc.com/2016/01/20/trump-popularity-linked-to-mass-dissatisfaction.html
  6. 6.
    Superbugs are in the cross hairs.
    Over 80 companies issued a joint declaration urging governments to work with them to help develop new antibiotics to combat superbugs. http://video.cnbc.com/gallery/?video=3000485827
  7. 7.
    More QE may be on the way in Europe.
    Central Bank President Mario Draghi is sending signals that more quantitative easing may be in the cards. Increased market volatility and shaky global economic growth may force the bank to provide more economic support in the future. "It will therefore be necessary to review and possibly reconsider our monetary policy stance at our next meeting in March," said Draghi.
  8. 8.
    The market correction is real and far from over.
    With world markets getting off to such a rocky start, the world's markets are experiencing the worst start of the year ever, Michael Spencer, chief executive of dealer broker ICAP sees a prolonged correction. "We're seeing a very major, very significant correction in the markets at the moment, and I think it's not over by a good distance.” http://www.cnbc.com/2016/01/21/correction-not-over-by-good-distance-icaps-spencer.html
  9. 9.
    Virtual reality will bring people closer.
    Facebook COO Sheryl Sandberg, has bigger plans for VR than gaming. "Virtual reality is being used at this conference to show a film called 'Clouds Over Sidra.' It tells the story of a 12-year-old refugee girl, and what her life is like," Sandberg said in a panel. "Because it's virtual reality, it's really much easier to feel connected to her and have an immersive experience." http://www.cnbc.com/2016/01/20/facebooks-sandberg-virtual-reality-brings-people-closer.html
  10. 10.
    The U.S. is still the best place to invest.
    As global markets continue to make investors increasingly nervous, one this is clear. "The US economy…is still the economy that is attracting a great deal of investments from China, from the Asian countries, it's still attractive to the European Union." Eduardo Leite, the chairman of the executive committee at Baker & McKenzie http://www.cnbc.com/2016/01/19/davos-us-will-drive-business-in-2016-baker-mckenzie.html
  11. 11.
    Not everyone is upset about falling oil prices.
    "The lower oil price is a boost to the European economy. You are seeing the economy in Europe growing, in spite of us not having made an awful lot of structural changes to the countries' economies. So I think there are a lot of hidden pluses of these lower oil prices Nils Andersen, the head of Maersk Group http://www.cnbc.com/2016/01/20/heres-who-is-gaining-from-record-low-oil-prices.html
  12. 12.
    GM keeping its eye on the electric ball
    Sure gas guzzling SUV's are back in style, but GM is staying focused on the electric sector. "It [low gas prices] doesn't affect our long-term strategy because it's much broader—we're looking at fuel efficiency, electrification, it's solving broader problems than just the cost of fuel: environmental congestion, et cetera, across the globe," GM CEO Mary Barra http://www.cnbc.com/2015/01/23/gms-barra-no-long-term-impact-of-low-gas-prices.html
  13. 13.
    Russia on the ropes as oil glut pummels economy.
    Falling oil prices have all but crippled Russia's economy and William Browder, chief executive of Hermitage Capital and Russia critic is pessimistic. "I don't think you can underestimate how bad the situation in Russia is right now, you've got oil below any measure where the budget can survive and you've got sanctions from the West. Russia is in what I'd call a real serious economic crisis.” http://www.cnbc.com/2016/01/21/when-russias-money-runs-out-the-real-trouble-starts.html
  14. 14.
    Iraq not sure Turkey wants to fight ISIS.
    As the Middle East struggles to defeat ISIS, Iraq doubts Turkey's resolve in defeating the terrorist group. "The Turks are telling us otherwise, (that) they're eager to fight Daesh. But I'm telling them frankly, I'm not seeing evidence of that. I hope to see more evidence of that," said Haider Al-Abadi, Iraqi Prime Minister.
  15. 15.
    Society wants companies to be profitable, but less evil.
    Companies sometimes get a bad rap, but they are trying to figure out the secret to profitability “They [people] want businesses that are going to be not only profitable, but beneficial to society and right now it’s not clear to a lot of people that all businesses are both profitable and beneficial to society.” John Studzinski, vice chairman Blackstone http://video.cnbc.com/gallery/?video=3000485177
  16. 16.
    This is what keeps CEO's up at night
    The global economy and geopolitical tensions are what really worry CEO's. Global instability is the bane of companies and CEO’s."How integrated the economy really is, and you've got hot spots anywhere in the world, and it creates instability...business leaders hate instability," PwC global chairman, Dennis Nally.
  17. 17.
    In markets, a strong stomach is strongly suggested.
    In a market like this, there is no room for the weak. There is value in the market and money to be made, but you've got to be able to ride it out. "Supply and demand eventually rebalance. We've seen this again and again and again," he said. "The question is if you got the stomach to live through this re balance." Morgan Stanley Chairman and CEO James Gorman. http://www.cnbc.com/2016/01/21/morgan-stanley-ceo-markets-are-overreacting-fed-could-hike-more.html
  18. 18.
    Change is on the horizon for financial services industry.
    "We think we’re going to move toward a world in which multiple products are being pulled together and delivered to the client and the way those products are constructed will have supply chains much like most other industries do today.” Ted Moynihan, managing partner of financial services at Oliver Wyman. http://video.cnbc.com/gallery/?video=3000485311
  19. 19.
    Europe's Banks are more resilient, but are still a work in progress.
    "We're trying to look at the effect of the regulation that we passed over the last six, seven years since the crisis to make sure we've got it right. We need to make the system safe but we want to do it in a way that doesn't limit growth." European Commission's head of financial regulation, Johnathan Hill http://www.cnbc.com/2016/01/21/eu-banking-union-shouldnt-limit-growth-commissioner.html
  20. 20.
    Russia has everything under control.
    "Russia is dealing with this crisis; it is an opportunity for restructuring; it is an opportunity to reduce state involvement because of privatizations, so it is a situation that is controllable.” Kirill Dmitriev, CEO of RDIF http://www.cnbc.com/2016/01/19/russia-crisis-is-controllable-wealth-fund-head.html