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The Winning Hand September 8 – 10, 2008

Tycoons gather to play the winning hand at the eighth Forbes Global CEO Conference On September 8 - 10, 2008, the Forbes Global CEO Conference returned to Singapore, gathering 450 of the world’s wealthiest and most influential business leaders.

(Left to right) William Adamopoulos, President & Publisher, Forbes Asia; Steve Forbes, Chairman & CEO, Forbes and Editor-in-Chief, Forbes magazine; Mike Barclay, CEO, Sentosa Development Corporation; Pierre Baer, CEO (Singapore & South Asia), SG Private Banking, meeting members of the media at the pre-conference media briefing

Among the conference attendees were some 90 members of families who were on various Forbes rich lists, with a combined net worth exceeding $160 billion.

Speakers and sponsors gathered for the Speakers Lunch at the Sentosa Golf Club Front Row (Left to right) Low Teo Ping, Board Member, Sentosa Development Corporation; Cecilia Zecha, Programming Director, Forbes Asia; Ronnie C. Chan, Chairman, Hang Lung Properties Ltd.; Jean Eric Salata, Founder & CEO, Baring Private Equity Asia; Christopher Forbes, Vice Chairman, Forbes; Tan Chin Nam, Chairman, MDA; Peter Lyngdorf, Founder, Steinway Lyngdorf A/S; Suguna Madhavan, President, Steinway Lyngdorf A/S; Jannie Tay, Vice Chairman, The Hour Glass; Daniel Truchi, Global Head, SG Private Banking; Steve Forbes; Dr. Loo Choon Yong, Chairman, Sentosa Development Corporation; Lakshmi N. Mittal, Chairman & CEO, ArcelorMittal; Jet Li, Actor & Founder, One Foundation; S. Srinivasan, President & Director, Thai Carbon Black Public Co., Ltd.; Liang Xinjun, Vice Chairman & President, Fosun International; Stanley C. Gale, Chairman & Managing Partner, Gale International; Michael Yap, Deputy CEO, MDA; Vanessa Wanger, Partner and Producer, Monkey Business; Naazneen Karmali, India Editor, Forbes Asia Second Row (Left to right) Tim Kelly, Tokyo Bureau Chief, Forbes Asia; Russell Flannery, Senior Editor, Forbes magazine; Robert Forbes, President, ForbesLife; Francine LeFrak, President, LeFrak Productions; Stefano Pessina, Executive Chairman, Alliance Boots; G. V. Krishna Reddy, Chairman & MD, GVK Power and Infrastructure Ltd.; Sachio Semmoto, Chairman & CEO, EMOBILE Ltd.; Girija Pande, EVP & Head - Asia Pacific, Tata Consultancy Services Asia Pacific Pte Ltd; Fereidun Fesharaki, Chairman & CEO, FACTS Global Energy; William Adamopoulos, President & Publisher, Forbes Asia; Eric Anderson, President & CEO, Space Adventures Ltd.; Edward J. Rollins, Chairman of Rollins Strategy Group and former White House Director of Political Affairs for the Reagan administration; William Dal Col, President & CEO, Potomac Communications Strategies; Ted Hope, Producer & Partner, This is that corporation Third Row (Left to right) Robyn Meredith, Senior Editor, Asia, Forbes magazine; Mike Barclay, CEO, Sentosa Development Corporation; Ray Warhola, Executive Director, Forbes Asia; Olivier Lim, Board Director, Sentosa & Group CFO, CapitaLand Ltd; Douglas Glen, CEO, Imagi International Holdings Ltd.; Ford Tamer, Operating Partner, Khosla Ventures; Ornella Barra, Board Member and Wholesale and Commercial Affairs Director, Alliance Boots Ltd.; Richard F. Chandler, Chairman, Orient Global Holdings Ltd.; Geoffrey P. Cowley, CEO, SMR; Chana Schoenberger, Associate Editor, Forbes magazine; Clive Palmer, Chairman, Mineralogy Pty Ltd.; Rich Karlgaard, Publisher, Forbes magazine; Tim Ferguson, Editor, Forbes Asia, Executive Editor, Forbes magazine; Clinton H. Severson, Chairman, President & CEO, Abaxis; Don Lam, CEO, VinaCapital Group; Pierre Baer, CEO (Singapore & South Asia), SG Private Banking; Robert Shrum, Democratic Political Adviser and Senior Fellow, New York University’s Robert F. Wagner School of Public Service; Robert Kirby, Chairman, Village Roadshow


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The Winning Hand September 8 – 10, 2008

This year’s Malcolm S. Forbes Lifetime Achievement Award was presented to steel magnate Lakshmi N. Mittal, Chairman & CEO of ArcelorMittal. The award honored Mr. Mittal as a hero of entrepreneurial capitalism who embodies and exemplifies the ideals of free enterprise.

Lakshmi N. Mittal in a question & answer session with the audience

Lakshmi N. Mittal with Dr. Loo Choon Yong, Chairman, Sentosa Development Corporation

(Left to right) Prof. Michael Spence, 2001 Nobel Laureate in Economics; William Adamopoulos; George Yeo, Minister for Foreign Affairs, Singapore; Lakshmi N. Mittal

(Left to right) Francine LeFrak, President, LeFrak Productions and CEO, Samuel J. and Ethel LeFrak Foundation; Mrs. Usha Mittal; Lakshmi N. Mittal

(Left to right) Lee Hsien Yang, Chairman, Fraser and Neave, Ltd.; William Adamopoulos; Lakshmi N. Mittal

(Left to right) Mrs. Usha Mittal; Keiichi Hirano, MD (Global Japan), SG Private Banking; Lakshmi N. Mittal; Banka B.P., MD, Ispat Indo PT; Alex Fung, CEO (Hong Kong & North Asia), SG Private Banking

(Left to right) Lakshmi N. Mittal; Daniel Truchi, Global Head, SG Private Banking; Steve Forbes

Lakshmi N. Mittal with Mario Moretti Polegato, Chairman, GEOX

Lakshmi N. Mittal receiving the Malcolm S. Forbes Lifetime Achievement Award from Steve Forbes


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The Winning Hand September 8 – 10, 2008

A Meeting of Minds between Prime Minister Lee and Steve Forbes

(Left to right) Christopher Forbes, Vice Chairman, Forbes; Robert Forbes, President, ForbesLife; Prime Minister Lee; Steve Forbes

Prime Minister Lee with Sir Howard Stringer, Chairman & CEO, Sony Corporation

A Meeting of Minds between Steve Forbes and Lee Hsien Loong, Prime Minister of Singapore, was held during the gala dinner at Sentosa Cove on the second night of the Conference. Prime Minister Lee fielded questions on issues ranging from the situations in Iran and Georgia, to inflation and the state of the global economy.

(Left to right) Dr. Loo Choon Yong, Chairman, Sentosa Development Corporation; Prime Minister Lee; Steve Forbes

Prime Minister Lee with Stanley C. Gale, Chairman & Managing Partner, Gale International

Dr. Loo Choon Yong, Chairman, Sentosa Development Corporation, welcoming guests to the gala dinner at Sentosa Cove

(Left to right) William Adamopoulos; Jet Li, Actor & Founder, One Foundation; Ho Ching, CEO, Temasek Holdings and wife of Prime Minister Lee


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The Winning Hand September 8 – 10, 2008

Prof. Michael Spence

Under the theme of The Winning Hand, this year’s Conference explored the risks and rewards arising from globalization, the rise of information technologies, and the best strategies for CEOs and entrepreneurs to raise their game at capturing opportunities, managing wild cards, staying competitive, and ultimately winning with an unbeatable hand. The sessions also examined how business can be a leading force in finding solutions to address social issues.

S. Ramadorai

Richard F. Chandler

John S. Chen

Riding the crest of turbulence (Left to right) Prof. Michael Spence, 2001 Nobel Laureate in Economics; S. Ramadorai, CEO & MD, Tata Consultancy Services; Fereidun Fesharaki, Chairman & CEO, FACTS Global Energy; John S. Chen, Chairman & President, Sybase Inc.; Richard F. Chandler, Chairman, Orient Global Holdings Ltd.; Tim Ferguson, Editor, Forbes Asia, Executive Editor, Forbes magazine

Axel C. Heitmann

Clive Palmer

Tulsi Tanti

Powering the global engine (Left to right) Robyn Meredith, Senior Editor, Asia, Forbes magazine; Geoffrey P. Cowley, CEO, SMR; Axel C. Heitmann, Chairman, LANXESS AG; Clive Palmer, Chairman, Mineralogy Pty Ltd.; Ford Tamer, Operating Partner, Khosla Ventures; Tulsi Tanti, Chairman & MD, Suzlon Energy


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The Winning Hand September 8 – 10, 2008

Jim Goodnight

Innovation: the currency of competition (Left to right) Sachio Semmoto, Chairman & CEO, EMOBILE Ltd.; Hiroshi Mikitani, Chairman & CEO, Rakuten, Inc.; Jim Goodnight, CEO, SAS; William Amelio, President & CEO, Lenovo; Rich Karlgaard, Publisher, Forbes magazine

Hiroshi Mikitani

William Amelio

Ronnie C. Chan

Rolling the dice on real estate (Left to right) Ronnie C. Chan, Chairman, Hang Lung Properties Ltd.; Edmund Cheng, Deputy Chairman, Wing Tai Holdings, Chairman, Mapletree Investments; Stanley C. Gale, Chairman & Managing Partner, Gale International; Don Lam, CEO, VinaCapital Group; Vikas Oberoi, Chairman & MD, Oberoi Constructions; Cecilia Zecha, Programming Director, Forbes Asia Vikas Oberoi

Olivia Lum

The “Best Under A Billion” (Left to right) Larry Washow, President & CEO, AMCOL International; S. Srinivasan, President & Director, Thai Carbon Black Public Co., Ltd.; Clinton H. Severson, Chairman, President & CEO, Abaxis; Olivia Lum, Group CEO & President, Hyflux Ltd.; Tony Fernandes, Chairman, Tune Group; Tim Ferguson, Editor, Forbes Asia, Executive Editor, Forbes magazine

Clinton H. Severson


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The Winning Hand September 8 – 10, 2008

Francis Yeoh

Mario Moretti Polegato

The luster of luxury (Left to right) Francis Yeoh, MD, YTL Corporation Berhad; Jannie Tay, Vice Chairman, The Hour Glass; Mario Moretti Polegato, Chairman, GEOX; Peter Lyngdorf, Founder, Steinway Lyngdorf A/S; Juergen Gessler, President & CEO, Porsche Design Group; Chana Schoenberger, Associate Editor, Forbes magazine

Ted Hope

Robert Kirby

The glitz and grit of entertainment (Left to right) Robyn Meredith, Senior Editor, Asia, Forbes magazine; Douglas Glen, CEO, Imagi International Holdings Ltd.; Ted Hope, Producer & Partner, This is that corporation; Robert Kirby, Chairman, Village Roadshow; Sir Howard Stringer, Chairman & CEO, Sony Corporation

Sir Howard Stringer

Stefano Pessina

Dennis Gillings

Transforming healthcare (Left to right) Rich Karlgaard, Publisher, Forbes magazine; Peer Schatz, CEO & Chairman of the Executive Committee, QIAGEN; Stefano Pessina, Executive Chairman, Alliance Boots; Dr. Loo Choon Yong, Executive Chairman, Raffles Medical Group; Dennis Gillings, Chairman & CEO, Quintiles Transnational Group; Andrew Conrad, CEO, California Health and Longevity Institute


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The Winning Hand September 8 – 10, 2008

Rakesh Jhunjhunwala

India takes flight (Left to right) G. V. Krishna Reddy, Chairman & MD, GVK Power and Infrastructure Ltd.; Dan McHugh, CEO, DHL Express Asia Pacific; Sajjan Jindal, Vice Chairman & MD, JSW Steel Ltd.; Rakesh Jhunjhunwala, Partner, Rare Enterprises; S. Gopalakrishnan, CEO & MD, Infosys Technologies Ltd.; Naazneen Karmali, India Editor, Forbes Asia

Sajjan Jindal

Vivienne Shi

Liang Xinjun Scores for China (Left to right) Vivienne Shi, Chairman, Shanghai Sunshine Charitable Foundation; Liu Hanyuan, Chairman, Tongwei Group; Liang Xinjun, Vice Chairman & President, Fosun International; Lin Li, Chairman, Shenzhen Liye Group Co.; Chao Teng-Hsiung, Chairman, Farglory Land Development; Russell Flannery, Senior Editor, Forbes magazine

Francine LeFrak

Thapana Sirivadhanabhakdi

Entrepreneurs and corporations: capitalist tools that save the world? (Left to right) Thapana Sirivadhanabhakdi, President, Thai Beverage Public Company; Adam Scott; Founder, The Adam Scott Foundation; Oscar M. Lopez, Chairman & CEO, First Philippine Holdings Corp. and Benpres Holdings Corp.; Francine LeFrak, President, LeFrak Products and CEO, Samuel J. and Ethel LeFrak Foundation; Carrillo Gantner, Chairman, The Sidney Myer Fund and President, The Myer Foundation; Richard F. Chandler, Chairman, Orient Global Holdings Ltd.; Cecilia Zecha, Programming Director, Forbes Asia

Adam Scott


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The Winning Hand September 8 – 10, 2008

Several special dialogues with political and thought leaders were held during the Conference to discuss and debate key issues of global concerns. Current Events. Forbes magazine’s esteemed columnists gathered in a roundtable discussion moderated by Steve Forbes. Panelists include Lee Kuan Yew, Minister Mentor of Singapore, David Malpass, President of Encima Global LLC, and Ernesto Zedillo, Director of Yale Center for the Study of Globalization, and former President of Mexico. Issues ranging from the state of the United States’ economy to China’s role in a globalized world were discussed.

(Left to right) Forbes’ columnists David Malpass; Ernesto Zedillo; Steve Forbes; Lee Kuan Yew

A Meeting of Minds. A political debate on the U.S. elections between Steve Forbes, Robert Shrum, Democratic Political Adviser and Senior Fellow, New York University’s Robert F. Wagner School of Public Service, and Edward J. Rollins, Chairman of Rollins Strategy Group and former White House Director of Political Affairs for the Reagan administration.

(Left to right) Robert Shrum; Steve Forbes; Edward J. Rollins


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The Winning Hand September 8 – 10, 2008

A Meeting of Minds. In this interview with Jet Li, Actor and Founder of One Foundation, conducted by Cecilia Zecha, Programming Director of Forbes Asia, Jet Li talked about his One Foundation in China, and his plans to expand the charity and disaster-relief organization to Singapore.

Jet Li talking about his philanthropy works in China

Jet Li with Cecilia Zecha

Minoru Mori with Tim Kelly

Forbes talks: a CEO perspective from Japan. Minoru Mori, President & CEO of Mori Building, spoke about his perspective on the region’s property market in an interview conducted by Tim Kelly, Tokyo Bureau Chief, Forbes Asia.

Minister Muhyiddin with Steve Forbes

Coming attraction. In an interview with Steve Forbes, Tan Sri Muhyiddin Yassin, Minister of International Trade and Industry of Malaysia, welcomed delegates to attend the ninth Forbes Global CEO Conference which will take place in Kuala Lumpur on September 28 - 30, 2009. Minister Muhyiddin also spoke about Malaysia's economic prospects, investment climate and what delegates can look forward to next year.


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The Winning Hand September 8 – 10, 2008

Apart from being a platform for influential CEOs, tycoons, thought leaders and politicians to discuss and debate key issues of global concern, the Conference also provided excellent opportunities for networking.

(Left to right) Ronnie C. Chan, Chairman, Hang Lung Properties Ltd.; Jannie Tay, Vice Chairman, The Hour Glass Ltd.

(Left to right) Stanley Gale, Chairman & Managing Partner, Gale International; William Adamopoulos; Dr. Loo Choon Yong, Chairman, Sentosa Development Corporation; Christopher Forbes; Francis Yeoh, MD, YTL Corporation Berhad

(Left to right) Dan McHugh, CEO, DHL Express Asia Pacific; Mike Barclay, CEO, Sentosa Development Corporation

(Left to right) John Chen, Chairman of the Board & CEO, Sybase; Hiroshi Mikitani, Chairman and CEO, Rakuten, Inc.

(Left to right) Ford Tamer, Operating Partner, Khosla Ventures; Geoffrey P. Cowley, CEO, SMR; Clive F. Palmer, Chairman, Mineralogy Pty Ltd.

(Left to right) Vincent Tan, CEO, Berjaya Corporation Berhad; Tan Chin Nam, Chairman, MDA

(Left to right) Minoru Mori, President & CEO, Mori Building Co. Ltd.; Yoshiko Mori, Chairperson, Mori Art Museum; Jet Li, Actor & Founder, One Foundation; William Adamopoulos

(Left to right) Sachio Semmoto, Chairman & CEO, EMOBILE Ltd.; Raymond Hegarty, MD, Flooring Industries

(Left to right) Jennie Chua, President & CEO, Sentosa Cove Pte Ltd.; Stephen Lee, Chairman, Singapore Airlines Ltd.; Simon Cheong, Chairman & CEO, SC Global Development Ltd.

(Left to right) Tulsi Tanti, Chairman & MD, Suzlon Energy Ltd.; Pierre Baer, CEO (Singapore & South Asia), SG Private Banking; Robert Forbes

(Left to right) Chao Teng-Hsiung, Chairman, Farglory Land Development; Steve Forbes


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The Winning Hand September 8 – 10, 2008

(Left to right) Elizabeth Khoo, MD, York Hotel Pte Ltd.; Jet Li, Actor & Founder, One Foundation; Sukmawati Widjaja, Director, Sinar Mas Capital Investment Pte Ltd.

(Left to right) Girish Agarwaal, Director, Dainik Bhaskar Group of Publication; Vikas Oberoi, Chairman and MD, Oberoi Constructions Pvt. Ltd.

(Left to right) S. Ramadorai, CEO & MD, Tata Consultancy Services; Rakesh Jhunjhunwala, Partner, Rare Enterprises

(Left to right) Liang Xinjun, Vice Chairman & President, Fosun International; Wang Chao Bin, Chairman, Zhonglu Inc.; Lin Li, Chairman, Shenzhen Liye Group Co.; Liu Hanyuan, Chairman, Tongwei Group; Vivienne Shi, Chairman, Shanghai Sunshine Charitable Foundation

(Left to right) Martin Crawford, CEO, Labuan IBFC Inc. Sdn Bhd; S. Gopalakrishnan, CEO & MD, Infosys Technologies Ltd.

(Left to right) Arlida Ariff, MD, Iskandar Investment Bhd.; Christopher Forbes

(Left to right) Peer Schatz, CEO & Chairman of the Executive Committee, Qiagen; Axel Heitmann, Chairman of the Board of Management, LANXESS AG

(Left to right) Precious Moloi-Motsepe, Executive Director, Motsepe Foundation; Stefano Pessina, Executive Chairman, Alliance Boots; Patrice Motsepe, Executive Chairman, African Rainbow Minerals

(Left to right) G. V. Krishna Reddy, Chairman & MD, GVK Power and Infrastructure Ltd.; Patrick Wee, Group CEO, True Group; Suthipak Chirathivat, Executive Vice President, Central Pattana PCL

(Left to right) Thapana Sirivadhanabhakdi, President, Thai Beverage Public Company Ltd.; Peter Lyngdorf, Founder, Steinway Lyngdorf A/S


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The Winning Hand September 8 – 10, 2008

At the end of the three-day Conference, delegates were invited for a game of golf at the Serapong Course in Sentosa.

‘Nearest to Pin’ winner, Jorek Norbert, MD, Global Business Policy Council, A.T. Kearney, Inc.

(Left to right) Robert Forbes; Girija Pande, EVP & Head - Asia Pacific, Tata Consultancy Services Asia Pacific Pte Ltd.; Zhang Hecan, Chairman, Guangdong Haohe; Colin Low, President - Singapore, Philippines & Cambodia, GE International; Wee Hian Woon, Director, GLOBAMATRIX

(Left to right) Sivadas Ramadas, MD, South East Asia, Sybase Pte Ltd.; Robert Ng, MD, Ergoworld Pte Ltd.; Barrie Sheers, Senior Vice President & GM, Sybase Asia Pacific; Tay Lim Heng, Chief Executive, Maritime & Port Authority of Singapore

Forbes would like to thank all the speakers, delegates and sponsors of the eighth

who made this a very successful event. Host Sponsor

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Presenting Sponsor

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Official Express and Logistics Partner

Official Airline

SAVE THE DATE The 9th Annual Forbes Global CEO Conference will be held on September 28 - 30, 2009 in Kuala Lumpur, Malaysia. For information: Tina Wee Tel: (65) 6836 3408 • Fax: (65) 6836 3409/5 Email: info@forbesasia.com.sg


Highlights of Forbes Global CEO Conference 2008