Tuesday, January 25, 2011
The cost of plotting the New Corporate World Order
Andrew Ross Sorkin has helpfully put together a price list for entree into the planning sessions for the future direction of the planet. I'm talking about Davos where all the big swinging dicks of the world get together to reassert their control over the developed world.
But before we get to the fees for private planes, hotels, and a car and driver, there is the all-important ticket. And it isn’t free.It looks expensive to most of us, but it's just pocket change to the MOU. The best part, "all Strategic Partners are required to invite at least one woman along in an effort to diversify the attendee list" Such a genteel way to describe knob gobbling.
Just to have the opportunity to be invited to Davos, you must be invited to be a member of the World Economic Forum, a Swiss nonprofit that was founded by Klaus Schwab, a German-born academic who managed to build a global conference in the snow.
There are several levels of membership: the basic level, which will get you one invitation to Davos, costs 50,000 Swiss francs, or about $52,000. The ticket itself is another 18,000 Swiss francs ($19,000), plus tax, bringing the total cost of membership and entrance fee to $71,000.
But that fee just gets you in the door with the masses at Davos, with entry to all the general sessions. If you want to be invited behind the velvet rope to participate in private sessions among your industry’s peers, you need to step up to the “Industry Associate” level. That costs $137,000, plus the price of the ticket, bringing the total to about $156,000.
Of course, most chief executives don’t like going anywhere alone, so they might ask a colleague along. Well, the World Economic Forum doesn’t just let you buy an additional ticket for $19,000. Instead, you need to upgrade your annual membership to the “Industry Partner” level. That will set you back about $263,000, plus the cost of two tickets, bringing the total to $301,000.
And if you want to take an entourage, say, five people? Now you’re talking about the “Strategic Partner” level. The price tag: $527,000. (That’s just the annual membership entitling you to as many as five invitations. Each invitation is still $19,000 each, so if five people come, that’s $95,000, making the total $622,000.) This year, all Strategic Partners are required to invite at least one woman along in an effort to diversify the attendee list.
As part of the Strategic Partner level, you get access to the private sessions as well as special conference rooms to hold meetings. And perhaps the biggest perk of all, your car and driver are given a sticker allowing door-to-door pickup service.
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