Corporate Quotes - Page 22

• We're in a very, very profound crisis. It's so obvious that no one in the power structure, either the corporate power structure or the political power structure, knows what to do or is willing to do what's necessary in relationship both to global war and global warming. It's so obvious that conditions are getting worse for the great majority of Americans. It's so obvious also that we face a very serious danger from people who feel, see themselves only as victims. And we have to somehow, in a very loving way, help the American people to recover the best that is in our traditions.

  Grace Lee Boggs

  War, People, Profound

  "VIDEO: Legendary Detroit Activist Grace Lee Boggs Turns 100; Watch Never-Before-Aired Interview". Interview with Amy Goodman, www.democracynow.org. June 27, 2015.

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• The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington. Their real estate, construction, and land development companies form growth coalitions that dominate most local governments.

  G. William Domhoff

  Real, Land, Ideas

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• The present combination of corporate or commercial control theoretically answerable to politically appointed Boards of Governors is not in any sense a democratic enough procedure to control the power the broadcasters have.

  Tony Benn

  Boards, Enough, Combination

  Tony Benn (2014). “The Best of Benn”, p.51, Random House

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• People can only function at their best if they know that what they do actually matters beyond the corporate front door.

  Mal Fletcher

  Doors, People, Matter

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• One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.

  Charles Hugh Smith

  Dirty, Secret, Rising

  "Phantom Profits Will Vanish As The Dollar Strengthens" by Charles Hugh Smith, www.businessinsider.com. February 22, 2012.

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• We faced a crisis caused by the Federal Reserve, the corporate tax system, Fannie Mae and Freddie Mac, and the Community Reinvestment Act. But the response of many people in Washington was to blame it on capitalism.

  David Boaz

  People, Community, Blame

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• ACORN, you may recall, is the left-wing activist group with longtime ties to community organizer-turned-President Barack Obama. The nonprofit, which now takes in 40 percent of its revenues from American taxpayers after four decades on the public teat, has a history of engaging in voter fraud, corporate shakedowns, partisan bullying and pro-illegal immigration lobbying. The Democrats' stimulus proposals could make the group - and its lesser known but even more radical ideological allies - eligible for upward of $5 billion in new public cash.

  Michelle Malkin

  Bullying, Wings, Ties

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• America is now a land that rewards failure - at the personal, corporate, and state level.

  Mark Steyn

  Land, America, Levels

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• You just have to believe in a corporate pulse.

  William Boughton

  Believe, Pulse

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• Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.

  Benjamin Graham

  May, Firsts, Ownership

  Benjamin Graham (1965). “The Intelligent Investor: A Book of Practical Counsel”, p.205, Prabhat Prakashan

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• The violence in New York feels really mundane and banal to me. Whereas in the privacy of one's own home, say, like the farm I grew up on in Vermont, the kinds of things that can happen seem much more extreme. Maybe because it's more personal. Or maybe because you block out the things that happen in the city. But it's like seeing things born, live, die, fall apart, and start over again, without any intermediary clean-up steps from some corporate organization.

  Elizabeth Neel

  New York, Block, Fall

  Interview with Michel Auder, www.interviewmagazine.com. May 22, 2009.

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• The idea of devoting two years of my life to making a corporate product that looks and smells and tastes like a lot of other things out there with just a different trademark character is a bore.

  James Mangold

  Character, Years, Ideas

  Source: collider.com

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• Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.

  Seth Klarman

  Government, Swings, Fickle

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• Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.

  Charlie Munger

  Believe, Thinking, Ideas

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• The price earning multiple must be less than ten or the inverse of the long term corporate bond rate, whichever is the less.

  Peter Cundill

  Long, Earning, Corporate Bond

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• Like the stocks of both Berkshire and Wesco to trade within hailing distance of what we think of as intrinsic value. When it runs up, we try to talk it down. That's not at all common in Corporate America, but that's the way we act.

  Charlie Munger

  Running, Distance, Thinking

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• Negative people often tend to create negative cultures whereas positive corporate cultures are created by positive people.

  Jon Gordon

  People, Negative, Culture

  Jon Gordon (2015). “The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy”, p.110, John Wiley & Sons

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• When shame is missing from corporate life, society, quickly becomes uncivilized.

  Max Anders

  Missing, Shame, Uncivilized

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• The lure of heady profits of the late 1990's spawned abuses and excesses. With strict enforcement and higher ethical standards, we must usher in a new era of integrity in corporate America.

  George W. Bush

  Integrity, Ethical Standards, America

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• The left's obsession with the high incomes of corporate executives never seems to extend to equally high - or higher - incomes of professional athletes, entertainers, or best-selling authors like Danielle Steel.

  Thomas Sowell

  Athlete, Income, Steel

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• The foremost corporate responsibility is to serve others so well you produce a profit.

  James Cook

  Responsibility, Profit, Produce

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• The only corporate social responsibility a company has is to maximize its profits.

  Milton Friedman

  Responsibility, Social, Profit

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• I think corporate managers should learn to be better investors because it would make them better managers.

  Charlie Munger

  Thinking, Should, Managers

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• The stronger the culture, the less corporate process a company needs. When the culture is strong, you can trust everyone to do the right thing. People can be independent and autonomous. They can be entrepreneurial.

  Brian Chesky

  Strong, Independent, People

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• We learned that a former prisoner of war had more to teach us about what it takes to find a path to greatness than most books on corporate strategy.

  James C. Collins

  War, Book, Greatness

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