Overview

Some companies have taken on board the idea that their increased power puts new demands on them. They now believe that firms should indeed serve stakeholders as well as shareholders. Business need to offer good value to customers; support their workers with training; be inclusive in matters of gender and race; deal fairly and ethically with all their suppliers; support the communities in which they work; and protect the environment. However companies reset and refine their purposes in the years to come, they will still need to perform. What innovative strategies are going to help them get there? What power playbook will they need to follow? Are there enough new technologies to ward off economic decline? What’s the geopolitical context and nuances leaders must consider? 

The Economist’s Innovation Summit celebrates a decade in 2020 and we’re imagining the company of the future and also the social and political forces that will shape it. As we look ahead, how can business harness innovation to solve humanity’s most pressing challenges? What sort of chief executives will survive and thrive in the coming era of perpetual change? How can today’s firms manage the transformation they will need if they are to prosper? What world do we want to create and how can artificial intelligence help us get there?

 

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Why attend

Speakers

  • All

Lori E. Lightfoot

Mayor of Chicago

Penny Pritzker

Founder and chairman, PSP Partners and former US secretary of commerce, Obama Administration

Andy Purdy

Chief security officer, Huawei Technologies USA

Bill Foster

US representative for Illinois's 11th congressional district, US Congress

Guru Gowrappan

Chief executive, Verizon Media

Yaël Eisenstat

Former CIA officer​,​​ former global head of elections integrity operations, ​Facebook ​and visiting fellow, Cornell Tech

Gayle Schueller

Chief sustainability officer, 3M

Randall Kroszner

Deputy dean for executive programs and professor of economics, The University of Chicago Booth School of Business

Poppy Crum

Chief scientist, Dolby Laboratories and adjunct professor, Stanford University

Ramesh Srinivasan

Professor, UCLA and director, UC Digital Cultures Lab

W. Patrick Wilson

Director, Office of Business Liaison, US Department of Commerce

Tom Wheeler

Former chairman, US Federal Communications Commission

Richard Edelman

Chief executive, Edelman

Rebecca Henderson

University professor, Harvard University

Edward Knight

Vice-chairman, Nasdaq

Becky Frankiewicz

President, ManpowerGroup

Luigi Zingales

Author, "A Capitalism for the People" and Cohost of the podcast Capitalisn't

Robert J. Jackson Jr.

Professor, NYU Law School and former commissioner, US Securities and Exchange Commission

Elza Erkip

Professor, New York University Tandon School of Engineering and member, NYU WIRELESS

Saman Farid

Partner, Baidu Ventures

Allen Blue

Co-founder, LinkedIn

Matthew Bishop

Author, "Philanthrocapitalism: How the Rich Can Save the World"

Brian Modoff

Executive vice-president of strategy, Qualcomm

Charlotte Howard

New York bureau chief and energy & commodities editor, The Economist

Tom Standage

Deputy Editor, The Economist

Vijay Vaitheeswaran

US business editor, The Economist

Agenda

March 5th
Thursday
  • 8:15 AM

    Registration

  • 8:45 AM

    Open keynote plenary. Enlightened capitalism: Performance and purpose

    What are companies for? How can legislators and regulators protect the public while preserving business vitality and creativity? We will examine the broad trends carving the future while keeping corporate innovation alive.

    Gayle Schueller

    Chief sustainability officer, 3M

    Rebecca Henderson

    University professor, Harvard University

    W. Patrick Wilson

    Director, Office of Business Liaison, US Department of Commerce

    Edward Knight

    Vice-chairman, Nasdaq

    Moderated by

    Vijay Vaitheeswaran

    US business editor, The Economist

  • 9:45 AM

    The new world disorder: geopolitical and macroeconomic context

    The world is a riskier place, where access to markets is a lot less sure. The tech trade war unleashed by US president Donald Trump has injected higher costs and confusion into the global economy, forcing businesses to anticipate the next venue for hostilities. Where can a company invest without worrying about a fresh outbreak of trade belligerence? Are China and the US too intertwined to keep up the battle? Does technology favor tyranny? How can we build a new era of public-private collaboration that unites the world behind a common goal of global technological progress?

    Penny Pritzker

    Founder and chairman, PSP Partners and former US secretary of commerce, Obama Administration

    Randall Kroszner

    Deputy dean for executive programs and professor of economics, The University of Chicago Booth School of Business

    Saman Farid

    Partner, Baidu Ventures

    Moderated by: Tom Standage

    Deputy editor, The Economist

  • 10:30 AM

    In Conversation

    ​On this fireside chat, Mayor Lightfoot​ will talk about her vision for the future of ​Chicago​ and innovation in government. ​She will also share her views on how to leverage technology to address economic inequality.

    Lori E. Lightfoot

    Mayor of Chicago

    Moderated by

    Charlotte Howard

    New York bureau chief and energy & commodities editor, The Economist

  • 11:00 AM

    Morning networking break

  • 11:30 AM

    Bits and ballots​: Internet and digital democracy

    Google and Twitter have already rolled out revised political advertising policies ahead of the 2020 American presidential election​ while ​Facebook ​made clear it won't police political speech. What role will social media play in the upcoming elections? As campaigns increasingly rely on the digital channels to spread their messages and reach voters, should political advertisement be regulated? Do big tech companies have a handle on how their platforms and products can be misused in elections? A team of experts will discuss ​​election integrity and the social responsibility social media has in shaping the future.

    Yaël Eisenstat

    Former CIA officer​,​​ former global head of elections integrity operations, ​Facebook ​and visiting fellow, Cornell Tech

    Ramesh Srinivasan

    Professor, UCLA and director, UC Digital Cultures Lab

    Moderated by

    Vijay Vaitheeswaran

    US business editor, The Economist

  • 12:00 PM

    As AI advances, what are humans for?

    One of the most controversial topics in technology today is the rise of artificial intelligence and its impact on humans, from medical diagnosis to algorithmic decision-making to changes in the workforce. What happens when computers can outperform humans in a range of cognitive tasks that currently require human expertise? What moral and ethical quandaries arise when algorithms make choices that affect people's lives? How do we ensure that AI is deployed in a fair, equitable and safe manner?

    Becky Frankiewicz

    President, ManpowerGroup

    Poppy Crum

    Chief scientist, Dolby Laboratories and adjunct professor, Stanford University

    Allen Blue

    Co-founder, LinkedIn

    Moderated by: Tom Standage

    Deputy editor, The Economist

  • 12:45 PM

    Networking lunch

  • 1:45 PM

    Waiting for 5G: Powering the future?

    The ultra-swift, and ultra-coveted, mobile-phone networks will soon connect everything from cars to industrial robots. That is part of the promise of 5g networks in general: not only can they offer much greater speeds, but they are designed to be super-responsive and capable of connecting to many more devices at once. Officials in the United States and China see 5G networks as a competitive edge. For better or worse, 5G has become a proxy for superpowerdom. How fast will 5G be and when will it arrive? How can regulators and policymakers maximise the benefits while minimising the harms? Would controlling 5G technology mean governing the world? And how long will it take until the heavily hyped technology makes a real impact on companies' bottom lines?

    Tom Wheeler

    Former chairman, US Federal Communications Commission

    Elza Erkip

    Professor, New York University Tandon School of Engineering and member, NYU WIRELESS

    Guru Gowrappan

    Chief executive, Verizon Media

    Brian Modoff

    Executive vice-president of strategy, Qualcomm

    Moderated by

    Charlotte Howard

    New York bureau chief and energy & commodities editor, The Economist

  • 2:30 PM

    Spotlight Interview

    In this one on one conversation, you will hear from a senior executive from Huawei, China’s telecoms giant.

    Andy Purdy

    Chief security officer, Huawei Technologies USA

    Moderated by

    Vijay Vaitheeswaran

    US business editor, The Economist

  • 2:45 PM

    Interactive Workshop on Climate Change

    Attendees will be split into groups to consider actionable innovative solutions around climate change and business. The workshops will be interactive and cultivate a sense of shared responsibility. They will break down silos between traditional roles and areas of responsibility. At the end of it, participants will be asked to present the key ideas from their discussion group.

    Moderated by

    Vijay Vaitheeswaran

    US business editor, The Economist

  • 3:30 PM

    Afternoon networking break

  • 4:00 PM

    KEYNOTE INTERVIEW

    In this session, we will hear from the only member of Congress who writes computer code in his spare time. Bill Foster, US representative for Illinois, a physicists-turned-politician, is also the chairman of a task force on Artificial Intelligence of the House Committee on financial services. He will share his views on cryptocurrency and tech giants and comment on how policymakers can encourage responsible innovation. Are regulators and the law adapting to the changing landscape to best protect consumers, investors and small business?

    Bill Foster

    US representative for Illinois's 11th congressional district, US Congress

    Moderated by: Tom Standage

    Deputy editor, The Economist

  • 4:30 PM

    OXFORD-STYLE DEBATE

    This house believes companies putting stakeholder value first will do better for investors than businesses putting shareholder value first. Are companies right to abandon the shareholder-first mantra? Two teams of two experts will debate this, moderated by an Economist editor; the audience will ask them questions and decide the winner.

    Richard Edelman

    Chief executive, Edelman

    Matthew Bishop

    Author, "Philanthrocapitalism: How the Rich Can Save the World"

    Luigi Zingales

    Author, "A Capitalism for the People" and Cohost of the podcast Capitalisn't

    Robert J. Jackson Jr.

    Professor, NYU Law School and former commissioner, US Securities and Exchange Commission

    Moderated by

    Vijay Vaitheeswaran

    US business editor, The Economist

  • 5:20 PM

    Closing remarks

Venue

This event will take place at the Convene (16 W Adams St).

Convene 16 W Adams Street, Chicago

Convene

16 W Adams Street - Chicago

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