For Globalization to Succeed ’Business Needs to Reinforce Its Compact with the Public’

Globalization is pulling tens of millions of people out of poverty annually and creating worldwide wealth unimaginable a generation ago. But its benefits are being shared unequally resulting in widespread public dissatisfaction that business leaders ignore at their peril two top executives told participants at the 2007 Wharton Economic Summit. Stan O’Neal chairman and chief executive of Merrill Lynch and Rajat Gupta a senior worldwide partner with McKinsey both called on their colleagues to pay attention to their social responsibilities as assiduously as they watch their bottom lines.

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