Inside Davos’ pricey power club: Why executives spend up to $1 million a year for access

This week, thousands of the world’s biggest names in business, economics, and politics have descended upon Davos, a small town in the Swiss Alps. But this isn’t any regular old ski trip: They’re gathering for a World Economic Forum conference, an invite-only, annual retreat for the most influential people in the world.

It’s exclusive not only because it’s confined to WEF members, but also because it comes with a hefty price tag. While there are a variety of access and membership tiers...