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CEOs head to Davos more pessimistic about 2013

January 22, 2013 RSS Feed Print

The solution, Neely said, is to dig deeper and build a more fundamental ethical culture.

"I think it starts with your own organization, quite frankly, and I think it starts with the CEO, the tone at the top. What does an organization stand for? What is its purpose?" he said.

"Is it just to deliver short-term profitable results to the shareholder group?" he asked. "Or is there a greater purpose in terms of the role of business in society today?"

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Angela Charlton in Davos, Switzerland, contributed to this report.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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