The Wall Street Journal‘s coverage of the World Economic Forum in Davos, Switzerland details a shift in the reception bankers received at this year’s addition of the annual event: The ire directed at bankers from all sides is palpable, acknowledged Donald Moore, chairman of Morgan Stanley in Europe, as he stood alone reading some charts amidst the hubbub at the forum’s Global Village cafe. Asked which other groups of people have been similarly unpopular in Davos in the past, he said: “terrorists.” The report also includes this interesting tidbit: On the fringes of one of the many showy events that host the real business of Davos, a senior London-based investment banker offered this wager: Lloyd Blankfein, CEO of Goldman Sachs Group Inc., would be out within two years, he said, and he was prepared to back up his bet with millions of pounds.
Bankers at Davos Face Global Ire
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