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05: Living with Risk and Speculation

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Hauptschule
Breakout / Panel
german language

Supported by the Federation of Austrian Industries
Our lives and future are basically unpredictable. This is the principle on which all economic thinking is based. Still, business and politics need to make plans to be able to make investments and cope with great challenges. All of us have to “speculate” to a certain degree, “to look into the distance”, if we want to achieve political or entrepreneurial success. Is a functioning financial market or a strong state the better means for minimising financial risk? How do we want to deal with the risks of our lives in the future? Is the state responsible for making provisions for the future or are we responsible ourselves? Is the influence of financial markets a blessing or a curse?

Speakers

Senior Adviser, Directorate General for Economic Policy & Financial Markets, Federal Ministry of Finance of the Republic of Austria; Lecturer, Department of Financial Law, University of Vienna
Member of the Managing Board, Head of Corporate Human Resources and Labor Director, Siemens AG, Munich
Vice President, European Forum Alpbach; President, OeNB - Oesterreichische Nationalbank, Vienna
Independent Economic Researcher and University Lecturer, Vienna
Economic Policy Coordinator, Federation of Austrian Industries, Vienna Chair

Mag. Peter BRANDNER

Senior Adviser, Directorate General for Economic Policy & Financial Markets, Federal Ministry of Finance of the Republic of Austria; Lecturer, Department of Financial Law, University of Vienna

1986-1990 Assistant professor, Institute for Advanced Studies (IHS), Department of Economics, Vienna
1990-1994 Economist, Austrian Institute of Economic Research (WIFO), Vienna
1994-1996 Assistant professor, Department of Economics, University of Vienna, Vienna
1996-1999 Senior Research Fellow, Economic Studies Division, Oesterreichische Nationalbank, Vienna
1999-2001 Senior Economist, Austrian Institute of Economic Research (WIFO), Vienna
2001-2003 Senior Research Fellow, Institute for Advanced Studies (IHS), Department of Economics & Finance, Vienna
2003-2004 Economic Adviser to the Austrian Minister of Finance, Federal Ministry of Finance, Vienna
since 2005 Senior Adviser, Directorate General for Economic Policy & Financial Markets, Federal Ministry of Finance, Vienna
1993-1999 Lecturer, University of Vienna
1997-1999 Lecturer, Diplomatic Academy Vienna
since 2012 Lecturer, University of Vienna

Mag. Brigitte EDERER

Member of the Managing Board, Head of Corporate Human Resources and Labor Director, Siemens AG, Munich

1977 Employment in the economic-science department of the Austrian Chamber of Labour
1980 Degree in Economics, University of Vienna
1983-1992 Member of Parliament
1990-1992 Chairwoman of parliamentary committee for petitions and citizens' initiatives
1990-1992 Deputy chair of the SPÖ´s parliamentary faction: deputy chair of the audit office committee and the budget committee of parliament; member of the finance committee; member of the sub-committee for European integration
1990-1992 Permanent observer with the Socialist Group in the European Parliament
1992-1994 Minister of State for European Integration and Development Cooperation
1994-1995 Minister of State for European Affairs
1995-1997 Secretary General of the SPÖ
1995-1997 Member of Parliament
1997-2000 Executive City Councillor of Finance, Economic Affairs and Vienna Public Enterprises of the City of Vienna
2001-2010 Member of the Managing Board, Siemens AG Österreich
2005-2010 Chief Executive Officer, Siemens AG Österreich
2008-2010 In addition to CEO of Siemens AG Österreich: Cluster CEO for Austria, Armenia, Azerbaijan, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Georgia, Hungary, Republic of Moldova, Romania, Serbia and Montenegro, Slovakia, Slovenia and Ukraine
since 2010 Member of the Managing Board, Siemens AG

Dipl.-Kfm. Dr. Claus J. RAIDL

Vice President, European Forum Alpbach; President, OeNB - Oesterreichische Nationalbank, Vienna

1970-1971 Senior assistant, Institute for Applied Social and Economic Research
1971-1974 Worked in banking and for a certified public accountant, provided consultancy services to the OECD on international tax law and multinational corporations
1974-1981 Österreichische Volksfürsorge Allgemeine Versicherung AG
1981-1982 Member of the Executive Board, Wiener Holding Ges.m.b.H.
1982-1986 Member of the Executive Board, ÖIAG (Österreichische Industrieverwaltungs AG)
1986-1988 Deputy Chairman and Senior Executive Vice President, VOEST-ALPINE AG
1988-1992 Deputy Chairman and Senior Executive Vice President, VOEST-ALPINE STAHL AG
1993-1994 Member of the Executive Board, AUSTRIAN INDUSTRIES AG
1991-2010 Chairman and CEO, BÖHLER-UDDEHOLM AG
2007-2010 Member of the Executive Board, voestalpine AG
since 2008 President, OeNB - Oesterreichische Nationalbank
since 2012 Vice President, European Forum Alpbach

Mag. Dr. Stephan SCHULMEISTER

Independent Economic Researcher and University Lecturer, Vienna

1972-2012 Research Fellow, Austrian Institute of Economic Research, Vienna
1974-1975 Post-graduate studies, Bologna Center, Johns Hopkins University, Bologna
1982 Visiting Scholar, New York University
1986-1987 Visiting Scholar, Wissenschaftszentrum Berlin
1988-2005 Visiting Scholar, University of New Hampshire
since 2006 Lecturer of Economics, University of Vienna and WU Vienna University of Economics and Business
2010 Visiting Scholar, International Monetary Fund, Washington

Dr. Clemens WALLNER

Economic Policy Coordinator, Federation of Austrian Industries, Vienna

1992-1995 Magister Politikwissenschaft und Geschichte, Universität Wien
1996-1998 Master of Public Policy in International Finance, Harvard University
1998 Doktorat Politikwissenschaft, Universität Wien
1998-1999 Manager für internationale Kreditsyndizierungen, Raiffeisen Zentralbank
1999-2001 EU-Koordination, Wirtschaftspolitische Sektion, Bundesministerium für auswärtige Angelegenheiten
2001-2002 Leiter, Consumer Products und Marketing, Donau Chemie Konzern
2002-2007 Wirtschafts- und Finanzpolitischer Referent, ÖVP-Bundespartei

Economic Symposium

show timetable

27.08.2013

14:00 - 14:20OpeningPlenary
14:20 - 15:30Finance and the Real Economy: Together or Apart?Plenary
15:30 - 15:50Political CornerPlenary
16:50 - 18:30Making Finance Meet the Real Economy's RequirementsPlenary
20:30 - 21:30Miha Pogacnik: What Businesses can Learn from MusicPlenary
21:30 - 22:30Smart Blue Hour hosted by IBMSocial

28.08.2013

08:00 - 08:45Sustainable Entrepreneurship - Book Presentation on the Business Model of the FuturePartner
08:00 - 08:45management club Business Breakfast "Integrationsfall Europa"Partner
09:00 - 10:10The Future of Corporate FundingPlenary
10:10 - 10:30Political CornerPlenary
11:00 - 13:30Working Group 01: The Real Economy and Finance in the "Network of Responsibility"Breakout
11:00 - 13:30Working Group 02: Business, Society and Politics: Assigning Responsibility for ResultsBreakout
11:00 - 13:30Working Group 03: What Happens to Our Values if Computers Learn how to Think?Breakout
11:00 - 13:30Working Group 04: Touch the Future - Security and Identity in a Digital WorldBreakout
11:00 - 13:30Working Group 05: Living with Risk and SpeculationBreakout
11:00 - 13:30Working Group 06: The Pension System as a Ponzi Scheme?Breakout
11:00 - 13:30Working Group 07: Workforce Diversity: Living with and Managing Demographic ChangeBreakout
11:00 - 13:30Working Group 08: Implementing the New World of Work, a Progress ReportBreakout
11:00 - 13:30Working Group 09: Design Thinking as a Tool for InnovationBreakout
11:00 - 13:30Working Group 10: New Energies for Europe - Between Cooperation and CompetitionBreakout
13:30 - 14:30Lunch ReceptionSocial
14:30 - 17:00Working Group 11: Connected Learning, Connected SchoolsBreakout
14:30 - 17:00Working Group 12: Financial Literacy, Decision-Making in Complex SituationsBreakout
14:30 - 17:00Working Group 13: Our Life After the Digital RevolutionBreakout
14:30 - 17:00Working Group 14: Prosperity for All? Austria's Top Managers in Dialogue with Ludwig ErhardBreakout
14:30 - 17:00Working Group 15: Rethinking Capitalism: The Future of Our Economic ModelBreakout
14:30 - 17:00Working Group 16: Alternative Sustainable Economic ConceptsBreakout
14:30 - 17:00Working Group 17: From Goodwill to Financial Company ValueBreakout
14:30 - 17:00Working Group 18: Back to the Real Economy - Towards a New Industrial Policy for EuropeBreakout
14:30 - 17:00Working Group 19: Industrial Production in the City of the FutureBreakout
14:30 - 17:00Working Group 20: Rating Agencies Between Governments and BusinessesBreakout
18:00 - 19:30Peter Drucker Special Lecture: Leadership and Values in a Complex WorldPlenary
21:30 - 23:30get2gether hosted by T-MobileSocial

29.08.2013

08:30 - 09:00"Kater" BreakfastPartner
09:15 - 10:15The New Role of Central Banks in Crisis-ManagementPlenary
10:45 - 12:20New Growth in Europe?Plenary
12:20 - 12:30ClosingPlenary
16:45 - 20:00Generali 3 Banken Business Dialogue "Experiences and Values"Partner