In The Wall Street Journal today, the founder and executive chairman of the World Economic Forum wrote an editorial on the role that companies play in society, arguing that "the bonus discussion is just a symbol of a much deeper transformation that has taken place in the business world". Financial News has reproduced Klaus Schwab's article in full below.

Few things have captured the attention of the public as much in recent weeks as the issue of excessive bonuses for corporate executives. This discussion is being conducted in a very emotional way, driven by factors such as greed, envy and moral outrage.