Vice President Joe Biden is headed to Davos for the Annual World Economic Forum soiree, as is Secretary of State John Kerry.
The gathering of billionaires is known for its deal making atmosphere. Those deals have not trickled down. The general public finally noticed, much to the surprise of the Davos crowd.
“Since the recession, the boom has benefited the upper-income earners and done little for those in the middle or on less."No, but it might get Joe Biden or John Kerry their next gig. Will either join a private equity underwriter (PEU)? Biden is a frequent Thanksgiving diner with Carlyle Group co-founder David Rubenstein. Rubenstein regularly descended on Capital Hill to preserve PEU preferred taxation via carried interest. The defense started when both Kerry and Biden were U.S. Senators.
"The Davos vision of the world has not delivered a broad-based economic recovery.”
Update 1-14-17: The Speaker's List includes Carlyle's David Rubenstein, Larry Summers, Moelis' Eric Cantor, Bridgewater's Ray Dalio, GM CEO Mary Barra, Dow CEO Andrew Liveris, Honeywell CEO David Cote, Carlyle JV partner Aliko Dangote, BlackRock's Larry Fink, Bill Gates, Al Gore, Bank of America CEO Brian Moynihan, Skybridge Capital's Anthony Scaramucci, Vista Equity's Robert Smith, WPP CEO Sir Martin Sorrell, UBS Chair Axel Weber, HP CEO Meg Whitman,