“I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. All the jobs that he talks about came from Staples. That was a very early venture stage deal. That, you know they got out of long before it got to its current size.” ThinkingKnowsLongJobsTermDealsCompanyStageRepublicanSizeProfitCurrentsTeethCashVentureShort TermRomneyStaples Author:David Stockman
“First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.” FirstsEnergyPayCompanyShareIndustryHigherTaxesPercentFairsRateCurrentsOilDebateDespiteGasFair ShareOil And Gas Author:John S. Watson
“When you think about the current present value of the fossil fuel reserves that are on the books, the current fossil fuel companies, the last time that that much wealth was at stake was when the South fought the Civil War.” ThinkingBookWarLastsValuesWealthCompanySouthCurrentsCivil WarFuelStakesReservesLast TimeFossilsFossil Fuel Author:Chris Hayes
“For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.” IfsFirstsLawCompanyLeaderStudyExampleReturnBehaviorProjectsInstitutionsPreparedRateCurrentsAvailableFoolishSettingSettingsCorporateFundExecutivesTroopsPeersExpandingCravingCompensationStrategicNewtonAcquisitionLaws Of MotionExecutive Compensation Book:Warren Buffett on Business: Principles from the Sage of Omaha Source: Warren Buffett on Business: Principles from the Sage of Omaha
“These companies know that at their current size they're not going to be big enough to have the necessary capital, and they don't have enough spectrum to get to the third generation.” KnowsEnoughBigsSportsCompanyGenerationsThirdsSizeCurrentsSpectrum Author:Steve Largent
“... except in the eyes of a few fanatics (untrustworthy as all lovers) an unmitigated expanse of water is dull even when blue: not in a small boat, where you are part of the winds and currents and tides and are allowed to hold the tiller now and then; but from those decks which the shipping companies with subconscious insight try to make as suburban as possible so that the impact of the monster outside may be lessened, and where the unrecognized boredom is so deep that a wispy smear of smoke on the horizon will queue up a crowd as if for a Valkyrie passing.” IfsTryingMayEyeWaterCompanyWindLoversBlueImpactCurrentsCrowdsInsightMonstersPassingPassingsBoatSmokeBoredomDullHorizonWhere You AreTidesNow And ThenSubconsciousFanaticsDeckExpanseShippingQueuesUntrustworthy Author:Freya Stark
“Whether you're moving to a new company or a new department within your current organization, I believe you'll end up miles ahead if you shop for a boss, not a position. You may secure the greatest job in the world, but a miserable boss will turn gold into ashes. ... In many ways, your boss may be more important than the job.” IfsWorldWayBelieveMayImportantEndsJobsMovingTurnsI BelieveWorkCompanyPositionGoldOrganizationCurrentsMilesSecureMiserableDepartmentShopsBossAshesNew Company Author:Pat Heim
“I hate to see people frustrated or leave a company for an opportunity they could easily have had at their current company if they had only asked.” PeopleIfsHateOpportunityCompanyI HateCurrentsFrustrated Author:Irene Rosenfeld
“Be extra careful when buying into companies and industries that are the current darlings of the financial community.” CommunityCompanyIndustryInvestingFinancialCurrentsCarefulExtrasBuyingDarling Author:Philip Arthur Fisher
“Before you can create a strategy, you need a vision of the company. Before you set that vision for the future, you have to understand your current position in the market as well as your limitations.” NeedsWellsCompanyVisionPositionStrategyCurrentsLimitation Author:Stan Shih
“Under the current U.S. policy, because of this power struggle, American oil companies can't do business with Iran. So I think the ultimate goal of the U.S. administration in Iran is regime change, to put into power a pro-Western government that will eliminate the strategic challenge to U.S. interests and, at the same time, allow the lifting of sanctions and allowing American oil companies to do business with Iran.” ThinkingGovernmentGoalInterestChallengesCompanyStrugglePolicyUltimateWesternCurrentsOilAdministrationIranAllowingRegimesStrategicLiftingSanctionsUltimate GoalOil CompaniesPower StruggleRegime Change Author:Michael Klare