FOR IMMEDIATE RELEASE
September 22, 2003



Jill Vaughan
VEDP
(804) 371-0049
2003 FORBES CEO FORUM CONVENES IN RICHMOND, VIRGINIA, OCTOBER 1-3
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NEW YORK, NY - October 1-3, Forbes will host its ninth annual Forbes CEO Forum at The Jefferson Hotel in Richmond, Virginia, a AAA Five Diamond and Mobil Five-Star hotel. "This is an impressive conference of business leaders and first-rate speakers, that will help us spotlight Virginia's pro-business climate," said Virginia Governor Mark R. Warner, who will open the conference. "Before I got this job, my career was in the business world, helping provide capital for promising entrepreneurial opportunities. Executive networking and continuous professional development among business leaders are critical to success."

OVERVIEW:
The Forbes CEO Forum will gather chairmen and CEOs from major corporations to share intelligence, forge relationships, create deals, and shape the strategies that will move global business into the future.

THEME: RETHINKING OUR WORLD
Post-Saddam, post-reforms, post-recession - It’s a brave new world, full of opportunity, but strewn with traps. War with Iraq, an uncertain and sluggish economy, scandals and over-zealous reforms have made the hardest job in the world even harder. Squeezing out every ounce of profit has become the order of the day, and now the Cheap Revolution has started, bringing with it new competitive pressures: China, India, the Web and a tech glut have created a new 21st century platform for shockingly cheap products and services.

AGENDA
Wednesday, October 1
8:00 pm-9:30 pm
ECONOMIC FORECAST BY STEVE FORBES, President and CEO, Forbes; Editor-in-Chief, Forbes magazine
POLITICAL FORECAST BY THE RIGHT HONOURABLE BRIAN MULRONEY, Chairman, Forbes Global; Former Prime Minister of Canada


Thursday, October 2

8:30 am – 9:15 am
A FIRESIDE CHAT WITH CRAIG BARRETT, CEO, INTEL
Intel’s CEO discussing alarming, disruptive technologies, the predictable and unpredictable impacts of technology on society, why expensing stock options makes little sense, and more.

9:15 am – 10:00 am
SPECIAL INTERVIEW:
ANNE MULCAHY, CHAIRMAN AND CEO, XEROX
When a legendary company slumps, it takes great leadership to achieve a turnaround. Hear how the success story is unfolding.

10:30 am – 12:00 pm
SPECIAL ADDRESS: THE INNOVATOR’S SOLUTION
Clayton Christensen, The Robert and Jane Cizik Professor of Business Administration, Harvard Business School; Author, The Innovator’s Dilemma, and Co-Author, The Innovator’s Solution

* This will be Clayton Christensen’s first speech since Co-Authoring The Innovator’s Solution, a follow-up to The Innovator’s Dilemma, which received the Global Business Book Award for the best business book published in 1997.

2:15 pm – 3:00 pm
CASE STUDY
GENERAL MOTORS – CREATING NEW GROWTH BUSINESSES
An in-depth look at how General Motors developed a cutting-edge technology, OnStar, and its attempt to crack the growing Chinese auto market.

4:15 pm – 5:00 pm
FORBES ON FOX PANEL
A panel of top Forbes editors challenges conventional wisdom about governance, reputation, the economy, cap-ex spending, and engages delegates in lively debate.









Friday, October 3


9:00 am – 9:45 am
THE CHEAP REVOLUTION: NEW RULES FOR BUSINESS
Outsourcing, the tech glut, China, India, and the Web are setting the stage for the next wave of spectacular growth. CEOs who are re-writing the rules in their industries share their thoughts on disruption.

• Benioff predicts that 20,000,000 white collar jobs may disappear over the next five years
• The Mayo Clinic currently sends its MRI’s/X-Rays to technicians in India to read – what’s next?

Speakers:
Ravi Aron, Professor of Operations, Information Management, The Wharton School, University of Pennsylvania
Marc Benioff, Chairman and CEO, Salesforce.com
Robyn Meredith, Senior Editor, Asia, Forbes magazine
Vivek Paul, Vice Chairman, Wipro Ltd.; CEO, Wipro Technologies
John Williford, President and CEO, Menlo Worldwide


10:00 am – 10:45 am
CORPORATE GOVERNANCE

• Corporate Governance and Reputation: The keys to restoring confidence in corporations
• Executive Compensation and the Options Debate: aligning with shareholder interests
• Squeaky clean accounting: protecting yourself, your firm, your shareholders – without hindering capitalism

Speakers:
Robert Mittelstaedt, Jr., Vice Dean, Aresty Institute of Executive Education, The Wharton School, University of Pennsylvania
Paul Taaffe, Chairman and CEO, Hill & Knowlton

10:45 am – 11:30 am
CEO HEADHUNTER PANEL: ARE YOU AS GOOD AS YOU THINK YOU ARE?
It’s a scary world out there for CEOs. Top CEO headhunters share secrets for keeping your head while those about you are losing theirs.

Title sponsors for the ninth annual Forbes CEO Forum are the Virginia Economic Development Partnership and the Greater Richmond Partnership.

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

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