“People used to think that private equity was basically just a compensation scheme, but it is much more about making companies more efficient.” PeopleThinkingUsedCompanyEfficientSchemesEquityCompensationPrivate Equity Author:David Rubenstein
“It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That success means our investors - such as public pension funds - benefit, which contributes to the economic wealth of society.” WellsMeanHelpingGrowsWealthCompanyClearEconomicBenefitsFundInvestorsEfficientEquityProfitablePensionPrivate Equity Author:David Rubenstein
“To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have without profits. It never occurs to such people that these products might cost several million dollars more without the incentives to be efficient created by the prospect of profits.” PeopleIfsMeanMightCompanyMillionsProductsCostDollarsProfitEfficientIncentivesMillion DollarsIlliterate Author:Thomas Sowell
“The system is that there is no system. That doesn't mean we don't have process. Apple is a very disciplined company, and we have great processes. But that's not what it's about. Process makes you more efficient ... But innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea, or because they realized something that shoots holes in how we've been thinking about a problem. It's ad hoc meetings of six people called by someone who thinks he has figured out the coolest new thing ever and who wants to know what other people think of his idea.” PeopleThinkingKnowsWantMeanIdeasProblemNightProcessCompanyCallingSixInnovationMeetingsHolesApplesAdsEfficientNew ThingsNew IdeasBest JobHallwaysInnovation And BusinessReal Jobs Author:Steve Jobs
“Part of America's industrial problems is the aim of its corporate managers. Most American executives think they are in the business to make money, rather than products or service. The Japanese corporate credo, on the other hand, is that a company should become the world's most efficient provider of whatever product and service it offers. Once it becomes the world leader and continues to offer good products, profits follow.” ThinkingWorldShouldProblemHandsAmericaCompanyLeaderProductsOffersAimProfitManagersMaking MoneyCorporateExecutivesEfficientWorld LeaderProvidersCredo Author:W. Edwards Deming