The biggest story emerging from the World Economic Forum's annual meeting, set to convene in Davos, Switzerland isn't about the financial crisis, the environment, or the wars raging on multiple fronts across the globe. It's about who's not showing up.
Portfolio.com has learned that Morgan Stanley CEO John Mack and Google's Sergey Brin, whose company hosts a hot-ticket Davos party every year, are among those who were initially listed among participants but aren't attending. Also on the no-show list: Chevron CEO David O'Reilly, who co-chaired at Davos last year.
They join a growing list of high-profile executives who have decided to stay away from the confab, which has long been the most prestigious business event for A-list financial and corporate leaders.
In the past few years, bankers, private equity investors, and hedge fund managers have been the stars of the meeting, enthralling lesser participants such as prime ministers and Hollywood celebrities. This year, many of them are staying away, including onetime hedge-fund wunderkind Ken Griffin of Citadel Investments, whose fund lost 47 percent in 2008.
They join a growing list of high-profile executives who have decided to stay away from the confab, which has long been the most prestigious business event for A-list financial and corporate leaders.
In the past few years, bankers, private equity investors, and hedge fund managers have been the stars of the meeting, enthralling lesser participants such as prime ministers and Hollywood celebrities. This year, many of them are staying away, including onetime hedge-fund wunderkind Ken Griffin of Citadel Investments, whose fund lost 47 percent in 2008.
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