"Unfortunately, WorldCom is not the only company caught up in this kind of accounting scandal. The impact this will have on the general public is yet to be seen."
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Business quotes (page 43 of 181)
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"Now, we are seeing many of these same companies face the truth about their financial standing. Congress is faced with the challenge of reforming our accounting industry and holding corporate executives responsible for their actions."
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"Our problem in money-making or government affairs is how to remain properly venturesome and experimental without making fools of ourselves."
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"In my experience, in the real-estate business past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models."
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"The essence of good advertising is not to inspire hope, but to create greed."
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"The first rule of business is: Do other men for they would do you"
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"In three years, every product my company makes will be obsolete. The only question is whether we will make them obsolete or somebody else will."
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"Sometimes, I think my most important job as a CEO is to listen for bad news. If you don't act on it, your people will eventually stop bringing bad news to your attention and that is the beginning of the end."
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"Most of our competitors were one-product wonders... They would do their one product, but never get their engineering sorted out."
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"...one of the most inventive forms of creative capitalism involves someone we all know very well. A few years ago, I was sitting in a bar here in Davos with Bono. Late at night, after a few drinks, he was on fire, talking about how we could get a percentage of each purchase from civic-minded companies to help change the world. He kept calling people, waking them up, and handing me the phone to show me the interest."
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"Microsoft has had clear competitors in the past. It's a good thing we have museums to document that."
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"It's pretty incredible to look back 30 years to when Microsoft was starting and realize how work has been transformed. We're finally getting close to what I call the digital workstyle."
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"Creativity comes from constraint."
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"Customers today want the very most and the very best for the very least amount of money, and on the best terms. Only the individuals and companies that provide absolutely excellent products and services at absolutely excellent prices will survive."
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"If you like a person you say 'let's go into business together.' Man is a social animal after all, but such partnerships are fraught with danger."
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"Anyone who proposes to do good must not expect people to roll stones out of his way, but must accept his lot calmly if they even roll a few more upon it."
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"Reverence for life . . . does not allow the scholar to live for his science alone, even if he is very useful . . . the artist to exist only for his art, even if he gives inspiration to many. . . . It refuses to let the business man imagine that he fulfills all legitimate demands in the course of his business activities. It demands from all that they should sacrifice a portion of their own lives for others."
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"It is the business of the future to be dangerous."
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"The company was actually founded on creating earnings opportunities for women, even before it went into skincare, lipstick, and fragrance. The founding Avon principle, before women could vote and when basically only men were working, was to allow women to get out of their homes and to create an entrepreneurship opportunity for them."
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"My business is to be talented, that is, to be capable of selecting the important moments from the trivial ones. . . . It's about time for writers - particularly those who are genuine artists - to recognize that in this world you cannot figure out everything. Just have a writer who the crowds trust be courageous enough and declare that he does not understand everything, and that alone will represent a major contribution to the way people think, a long leap forward."
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