The CNBC debate asks what business leaders should prioritise amid a global downturn and shifting power bases. Passion or profit ? Purpose or power? Which can deliver success as growth slows and market models undergo change?

The CNBC debate asks what business leaders should prioritise amid a global downturn and shifting power bases. Passion or profit ? Purpose or power? Which can deliver success as growth slows and market models undergo change?

The CNBC debate asks what business leaders should prioritise amid a global downturn and shifting power bases. Passion or profit ? Purpose or power? Which can deliver success as growth slows and market models undergo change?

The CNBC debate asks what business leaders should prioritise amid a global downturn and shifting power bases. Passion or profit ? Purpose or power? Which can deliver success as growth slows and market models undergo change?

Holger Schmieding from Bank of America, Ian Harnett from Absolute Strategy Research and Marco Annunziata from UniCredit Markets & Investment Banking discuss the turmoil in the financial markets.

"It feels like the blackest morning," Hugh Hendry, CIO & partner at Eclectica said Friday. "We've never really experienced a matter as grave as this."

Right now the only way for investors to get liquidity is to sell stocks, Mark Tinker from Axa Framlington Gemini told CNBC Friday, as European indexes plummeted. Laurent Fransolet from Barclays Capital joined the discussion.

Central banks should have given the markets a shock by cutting interest rates by one percent, Reinhard Fischer from Research Vision told CNBC Friday. James Shugg from Westpac Bank joined the discussion.

Markets do not trust the governments' plans to keep struggling banks alive and investors will only calm down when the companies with bad assets are allowed to go bankrupt, legendary investor Jim Rogers, CEO of Rogers Holdings, told CNBC Friday.

Shares of Bang & Olufsen jumped Thursday after the luxury hi-fi and television maker reported a better-than-expected loss. President & CEO Kalle Hvidt Nielsen spoke to CNBC.