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Wednesday, October 17, 2018

These business A-listers are skipping Saudi Arabia's big conference

IMF Managing Director Christine Lagarde joined the list of dropouts on Wednesday, closely followed by the heads of two of France's biggest banks.
Wall Street's biggest names withdrew earlier this week, as did some of Europe's top executives in finance.
The biggest question mark hangs over the attendance of US Treasury Secretary Steven Mnuchin, who is still scheduled to attend. President Donald Trump said a final call would be made by Friday.
For America's biggest banks, Saudi crisis strains a lucrative relationship
Khashoggi, a Washington Post columnist, hasn't been seen since he entered the Saudi consulate in Istanbul on October 2.
Turkish officials have told CNN he was killed inside the consulate. Saudi authorities have so far maintained that Khashoggi left the consulate the same day, but they have provided no evidence to support the claim.
The Saudi conference, known as "Davos in the desert," is part of Crown Prince Mohammed bin Salman's plan to transform the oil-dependent economy.
These are the high-profile participants who have already pulled out:
  • JPMorgan Chase CEO Jamie Dimon
  • Ford Executive Chairman Bill Ford
  • Uber CEO Dara Khosrowshahi
  • Blackstone CEO Stephen Schwarzman
  • Blackrock CEO Larry Fink
  • MasterCard CEO Ajay Banga
  • Viacom CEO Bob Bakish
  • HSBC CEO John Flint
  • Credit Suisse CEO Tidjane Thiam
  • BNP Paribas Chairman Jean Lemierre
  • Societe Generale CEO Frédéric Oudéa
  • Standard Chartered CEO William Winters
  • London Stock Exchange CEO David Schwimmer
  • IMF Managing Director Christine Lagarde
  • Thrive CEO Ariana Huffington
  • Google Cloud CEO Diane Greene
  • Sinovation Ventures CEO Kai-Fu Lee
  • World Bank President Jim Yong Kim
  • Los Angeles Times owner Patrick Soon-Shiong
  • Economist Editor-in-Chief Zanny Minton Beddoes
  • New York Times columnist Andrew Ross Sorkin
The chief executives of a handful of prominent Asian and European companies — some of whom have benefited from hefty Saudi investments — are still planning to attend, or are refusing to talk about their plans.
Here's a list of big names who are still planning to participate:
  • US Treasury Secretary Steven Mnuchin
  • Siemens CEO Joe Kaeser
  • EDF CEO Jean-Bernard Lévy
  • Thales CEO Patrice Caine
These executives have not yet commented on whether they still plan to attend:

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