It is wisdom such as this that marks Malloch’s new memoir, “Davos, Aspen, and Yale: My Life Behind the Elite Curtain as a Global Sherpa,” released this week by WND Books.
Malloch – founder and CEO of the Roosevelt Group, a thought leadership and strategy firm – is a Christian conservative whose academic and business career has centered on the theme of “spiritual capital,” arguing that business and government in a global economy must retain an ethical compass to be truly successful.
A descendant of President Teddy Roosevelt, he tells how a quintessential WASP, born of wealth and high-society in Philadelphia, became a “global Sherpa” – as dubbed by Lady Margaret Thatcher – and an international business luminary. Some see him as the intellectual heir to Peter Drucker, advancing the tradition of value-based business management.
Malloch describes growing up in Philadelphia in the 1960s in a mainline Presbyterian family of Old Philadelphia with a direct line heritage back to London. He attended the evangelical Gordon College outside Boston, a city he describes as the “Athens of America.” He went on to the University of Aberdeen in Scotland, where he was awarded a St. Andrew’s Fellowship to study for his master’s degree.
Returning to the United States to complete his graduate work, Malloch turned down an opportunity to study at Harvard. Instead, he earned a Ph.D. in political economy in three years at the University of Toronto, studying with professor Allan Bloom, a first-generation student of renowned political philosopher Leo Strauss. In a world of moral relativism, Strauss was known for his reintroduction of “natural right” teachings, which means Malloch learned the importance of God and moral values, traced back to its roots in ancient Greek political philosophy.
Power and money
After earning his doctorate, Malloch landed an ambassadorial-level post in the U.S. State Department, where he received a Pearson Fellowship with credentials to work as a staff assistant to some of them most prestigious congressional committees on Capitol Hill.
Here he got his first experience with government bureaucracy, which he describes as “having one objective – maintaining itself through growing itself and its budget,” even if that means butting heads with members of Congress, who have their own objective of “winning elections and grabbing power, especially for your home district in the form of pork and earmarks.”
By the mid-1980s, as Wall Street was “going gangbusters,” Malloch landed a job at Salomon Brothers, then one of Wall Streets dominant brokerage houses. There, he specialized in the arcane science of “econometrics mathematical modeling” and learned the lesson “power corrupts and money even more so, but it is better to have some of each.”
In 1988, at age 35, Malloch was recruited by the United Nations to conduct international economic analysis in Geneva, where he attended endless meetings, worked for a former Hitler-youth enthusiast who had graduated to a powerful U.N. position of international importance, and learned the importance of talking, drinking and eating fine-grade salmon late into the night.
He learned during that time that the United Nations, “when all is said and done, is an institution that whose time has passed as it has worn out its usefulness.”
Behind the scenes of globalist power
Malloch takes readers behind the curtain, describing his work organizing the seminars and presentations at both the World Economic Forum in Davos, Switzerland, and at the celebrity-packed Aspen Institute.
His chapter, “Davos Deception,” portrays the clubby atmosphere of a globalist summit, where business leaders pay huge sums to hobnob with international business celebrities and compete for the best accommodations and position to be photographed by the media.
In the dot-com boom and bust of the late 1990s, Malloch made and lost millions of dollars, moving his family to an exclusive home in Palm Beach, Florida, where he discovered the superficiality of a divorce-prone, affair-mad “pool party” society where alcohol mixed with drugs.
That culture is predominant in international government and business in this globalist age.
Nothing without God
The message of “Davos, Aspen and Yale” is that wealth, power, position and fame are inherently superficial without God.
Today, as a professor of business ethics at the Said Business School at the University of Oxford, Malloch has continued to advance the academic disciplines he began as a research professor at Yale. He remains faithful to the Christian moral values he was taught by his parents as a child. At Oxford, he is known as the father of what he dubbed “spiritual capital.”
In his new book, Malloch recounts with fatherly pride how his son, a champion rower for the “lightweights” of Yale University, defeated against all odds the undefeated “heavyweights” of Oxford Brookes University in the Temple Cup Challenge for eight-man undergraduate crews at the renowned Henley Regatta in England. The moral of the story is not just a father’s pride for his son, but a father’s appreciation of the dedication, sacrifice and rigorous training that raised his son to championship status.
Though his message is serious and spiritual, Malloch still writes with great wit, observing human foibles in the pursuit of political power and economic gain.
He balances his ever-present criticism of envy, pride and greed with an ability to laugh at himself. He peppers the pages of “Davos, Aspen, and Yale” with his famous “13 best” lists, in which he shares with readers his appreciation of fine cigars, topped of by a vintage cognac, enjoyed on one of his favorite boats.
Now at the peak of his career, Malloch sits on the boards of many prominent multinational corporations and charitable foundations while continuing to advise governments and multinational organizations on the economics of what he has dubbed “virtuous capitalism.”