Second, we need a stock-option governance model based on three strong principles: shareholders must approve all stock-option plans; stock options should be distributed across the organization, not just at the executive level; and executives should be required to hold options for a set period of time.
What role do you see technology playing in addressing problems like poverty, hunger, and disease, and what are the limitations of technology?
Technology has the ability to change many aspects of our daily lives, including increasing productivity and the standard of living for communities and countries on a larger, global basis.
For example, today information technology (IT) is driving significant advances in developing countries throughout the Middle East and Eastern Europe. In Hungary, where the economy has been one of the fastest growing in central Europe for a decade, technology enterprises account for a quarter of the country's industrial output. Technology leveraged by the Rural Women's Association, as another example, has enabled women raising poultry for food in a poor area in the Northern Province of South Africa to find customers in nearby higher-income communities.
However, technology's success in impacting these areas on a broad scale depends on focused cooperation and determination on a global basis. It also requires that those who benefited most from the industrial economy of the 20th century ensure that the rest of the world participates fully in the 21st century's "information" economy.
If you had to boil it down to one thing, what would you name as the most important technological advance of the last 40 years?