February 6, 2005
MSM Journos Unlikely to Cover Story Because They Need Davos Access
Conference expenses are easily covered by membership dues and attendance fees. Each Davos forum now nets approximately $12 million, which is re-invested in the "non-profit" WEF foundation. Membership in the WEF costs around $12,000 ($15,000 for banks), and attendance fees for the 1997 Davos forum came in at $7,200. Fees for the 1998 forum were higher than ever, although journalists and politicians were invited free of charge. (And any journalist knows the implications of a free lunch, let alone a free ticket to hobnob at Davos. Don't expect to find any critical coverage of the event from the establishment media.)
For a rather amusing take on what it feels like to be at Davos, see this abstract for The Harvard Business Review Case Study, "Left on a Mountainside." Like a tactical decision game for a CEO. What do you do now, CEO? Funny stuff.