On Capitalism for the Future:
Theodor Weimer, CEO of the Deutsche Börse, speaks to Force for Good about the need for capitalism to change for a world on the brink of a major catastrophe.
“I feel as if the whole system is getting closer and closer to an explosion … we are in a situation right now, I think, that is worse than 2008.
… If other people are starving to death, if other people don't have access to water, they will come to us … I think all the leaders need to work hard to engage in completely different comprehensive approaches, because ultimately we cannot survive in an island, in America or in Europe, if the whole planet is falling apart.
… The biggest accumulators of money, should sit together and should say, ”What does it take? What is the next level of system, where the financial system will help the global system to survive.”
I’m completely convinced the only chance for us to survive is technology and finance.”
CEO, Deutsche Börse AG
Theodor speaks on:
The importance of the Deutsche Börse in European and global markets
World events that have and are defining the world
How shareholder capitalism is not delivering
The parameters that need to be designed in for it to be relevant
The urgent need to act and who needs to act
...and much more
Theodor Weimer is Chief Executive Officer of Deutsche Börse AG. From 2007 to 2017, Theodor Weimer held various positions at UniCredit Group; from 2009 to 2017 he was Spokesman of the Management Board of HypoVereinsbank/UniCredit Bank AG. From 2011 onwards he was also a member of the Business Executive Committee (2011 to 2013) and the Executive Committee (2013 to 2017) of Unicredit Group in Milan. He joined Goldman, Sachs & Co. oHG in Frankfurt/Main in 2001 as Managing Director and was promoted to Partner in the Investment Banking Division in 2004. Over a six-year period in Boston, USA, he was the Senior Partner and Member of the Global Management Committee at Bain & Company. From 1988 to 1995, he worked as a Management Consultant at McKinsey & Company in Düsseldorf. After studying economics, business administration and geography in Tübingen and St. Gallen (Switzerland), he received his doctorate (Dr. rer. pol.) from the University of Bonn, where he also worked as an Assistant at the research chair of Prof. Dr. Albach.
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