CEOs

What's worrying the Davos crowd

Reproduced from PwC’s Annual Global CEO Survey; Chart: Axios Visuals

DAVOS — A parade of billionaires, CEOs, world leaders and hangers-on has now arrived in Davos, Switzerland, bearing skis, packed schedules and deep concerns about the global economy.

  • PwC's annual Global CEO survey — 1,581 CEOs across 83 territories — was conducted in the fall and released tonight as the World Economic Forum opened. It makes for some pretty alarming reading.

The role of executive chairman provides power without accountability

A nameplate that says CEO is crossed out.
Illustration: Eniola Odetunde/Axios

After replacing herself as CEO of Away in December following a major investigation into a toxic corporate culture at the suitcase company, Steph Korey has now unresigned, telling the New York Times' Andrew Ross Sorkin that she would instead stay on as co-CEO.

Why it matters: Korey's December announcement said that her new job would be "executive chairman" — the classic role of someone who wants power without accountability.