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Innovation Insights by Stephen Shapiro

I am in NYC participating as a delegate in the Global Creative Leadership Summit led by the Louis Blouin Foundation. Attending are 100 fascinating people ranging from Prime Ministers to business leaders.

Over the course of 3 days there are a number of conversations on topics related to improving the world.

Here are some of the interesting tid bits I picked up over the first day. Everything here is a paraphrase rather than a direct quote. And please forgive any inaccuracies.

Louise Blouin

  • We had a value crisis, not a financial crisis. That is, there was a crisis and values
  • Cyber weapons and bio weapons are our biggest threat. Bio weapons could lead to a September 11 type catastrophe every month.
  • A problem of our neighbors is our problem
  • If you get big bonuses when things go well, you should give money back to the company when things go wrong. We need to increase the level of accountability

Michael Chertoff, Former Secretary of Homeland Security

  • Barriers to do damage have dropped
  • We need to establish accountabilities (e.g., Libya with the Lockerbie bombing or Somalia with piracy)
  • Bio terrorism and cyber terrorism are the greatest threats
  • Global response needs to be one step at a time to demonstrate positive outcomes. Tackling things that are too big don’t move us forward.

Luis Moreno-Ocampo – Chief Prosecutor, International Criminal Court

  • The challenge is how to improve global governance in places where there is no government.
  • Another challenge is that we need global agreements that take into consideration local needs

Pasqual Lamy – Director General, World Trade Organization

  • Investing in health care will help global trade in the long run. Because if jobs are lost due to trade, at least people have health coverage.
  • There is a clash between the international and domestic agenda (e.g., cotton subsidies)

Dr. Dominique Strauss-Kahn – Managing Director, International Monetary Fund

  • Peace and economic stability are intertwined. Peace is needed for growth. And growth is needed for peace.
  • Expects economic recovery in 1st half of 2010. Growth will resume. But the social crisis (e.g., lost jobs) will last longer.
  • 90 million people went back into poverty due to the economic crisis – mostly from Africa.
  • Economic instability could lead to wars. And wars lead to economic disaster. 1 year of civil war costs on average 2.5% of GDP
  • Avoiding war is the key to economic stability

Prime Minister of Netherlands Jan Peter Balkenende

  • Prosperity at any price and soft living contributed to our current situation
  • The crisis can be a catalyst for change if we change the culture. Self interests hurt the system.
  • We must end the “get rich quick” theory of life

Stanley Bergman, Chairman of the Board and CEO, Henry Schein

  • 13,000 employees participate are involved in an intrapreneurship culture.
  • Philanthropy is a big part of the company’s philosophy

John Copelyn, CEO, Hosken Consolidated Investments

  • To create innovation, you need a long term vision and a vision beyond your own wallet

Mark Angelson, Chairman, MidOcean Partners

  • This was not a depression. It was a deleveraging
  • We need to move to more preventative measures such as paying for wellness rather than sickness
  • The growth areas are: 1) Healthcare, 2) Clean Tech, 3) Rebuilding infrastructure

Ali Velshi, Chief Business Correspondent, CNN

  • He described the cause of the recession to a group of kids as follows… It was caused by consuming less than was made and spending more than was earned.

Lex Fenwick, CEO, Bloomberg Ventures

  • New employment will come from new businesses rather than existing businesses
  • Employees are afraid to bring new ideas.  This stifles innovation.
  • He added that “private education” is another growth opportunity area

Ted Turner, CNN Founder and philanthropist

  • I read the Economist (and it sounds like that is his primary source of news)
  • I drive a Prius
  • If I could run CNN and the Cartoon Network at same time, Congress can deal with health care and climate change at same time

Other distinguished guests included:

  • H.E. Shaukat Aziz, Former Prime Minister of Pakistan
  • President Michelle Bachelet of Chile

For other quotes, go to the GCLS Twitter feed

To learn more about the event, go to the Global Creative Leadership Summit website.

My session is Friday morning…

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