World Economic Forum 2014: Overheard in Davos

By Bloomberg Briefs - 2014-01-22T18:19:25Z

Photograph by PRNewsfoto via AP Photo

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John Veihmeyer

Reducing inequality is usually the business of protesters at Davos. This year, it’s the buzzword for the business elite worried about their bottom lines. As widening income disparity becomes a dominant theme at the annual meeting in the Swiss ski resort, business and financial leaders are making the case that a reversal of that multi-decade trend is needed as much for business and economic interests as for social and moral reasons.

Left: “There’s a growing recognition that it isn’t just an issue you care about because it’s an issue you should care about,” said John Veihmeyer, chairman and chief executive officer of accounting firm KPMG. “It has a very big impact on economic recovery around the world.”