Capitalism

Billionaires Forum Considers Putting Staff in Shipping Containers

Davos discovers a creative solution to its temporary housing crunch.
This image may contain Tire and Luggage
From Lagoon Pictures/Everett Collection.

The World Economic Forum, which takes place in Davos, Switzerland, each year, brings together the über-elites of the business and political worlds. In addition to policy-makers and heads of state, regular attendees of the event include private-equity chief Stephen Schwarzman, bank C.E.O.s Lloyd Blankfein, Jamie Dimon, Brian Moynihan, and Tidjane Thiam, and hedge-fund managers like George Soros, Ray Dalio, Dan Loeb, and Paul Singer. Which is to say, the collective net worth in town over the multi-day event makes Donald Trump’s zillionaire Cabinet look working-class. Unfortunately, Davos is also a relatively tiny place in the Alps whose population—approximately 13,000—nearly doubles when the W.E.F. comes to town. Hotels sell out, apartments are snapped up, and there are only so many chauffeured Audis to sleep in with the heat blasting after you’ve gotten sauced at a wine tasting followed by a party involving bartenders flown in from London to “juggle liquor bottles and perform magic tricks” for the crowd’s leering delight.

So, how to deal with the housing crisis? Since asking attendees to go buddy system on beds is apparently out, and the number of panelists going home with locals only puts a small dent in the problem, organizers have come up with the next best solution: stick the staff in large metal boxes.

The World Economic Forum is exploring the option of housing staff in temporary containers during its annual meeting in Davos to reduce the perennial lodging crunch. “We are facing more and more people every year,” WEF spokesman Yann Zopf said by phone. “We’ll manage for 2017, but we need to think longer term.” [...]

The plan was first reported in Bilanz magazine, which cited WEF head of operations Alois Zwinggi as saying the Parsenn parking lot would provide ample space for such a construction and that he would spend a trial night in one of the prototype containers.

Before anyone balks at the plan, know that shipping-container living is actually quite trendy right now! As for the optics of having the help at the “money Oscars” sleep in crates, well . . . just never mind you that. Schwarzman et al will be thinking about them as they lie on their 100,000-thread-count sheets topped with cash, Indecent Proposal–style.