CEOs are not meant to save the world

WeWork's woes are latest example of over-hyped mission statements

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One wanted to "elevate the world's consciousness". Another aspired to "make a bigger difference around the world". A third, speaking of climate change, said: "We owe it to our children to find the right answers."

This soaring rhetoric did not emanate from motivational speakers or religious leaders. It was uttered by wealthy chief executives hoping to curry favour with a public desperate to be inspired. Ultimately, their idealism counted for little.

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A version of this article appeared in the print edition of The Straits Times on October 02, 2019, with the headline CEOs are not meant to save the world. Subscribe