“American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?” IfsMadeWould BeRunningTodayInterestCompanySecurityExampleCrisisFinancialCeoLoanPercentagesMortgageAlignmentFinancial CrisisStanleyAmerican BusinessCitibank Author:Aubrey McClendon
“My mother was a single parent, a speech therapist who worked for a company that kept a substantial percentage of the income they billed for her to teach stroke victims in convalescent hospitals to talk again.” MotherParentCompanyTeachSpeechVictimIncomeHospitalsStrokesPercentagesTherapistsSingle Parent Author:Mona Simpson
“...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.” PeopleKnowsWorldYearsWellsHelpingShowsFormNightInterestBusinessCompanyTalkingCreativeFireDrinkCallingLateSittingCapitalismYears AgoPhonesBarsChanging The WorldWakingShow MePercentagesCivicsDavosCivic Minded Author:Bill Gates
“People are conditioned to believe that error is inevitable.... However, we do not accept the same standard when it comes to our personal life. If we did, we would resign ourselves to being shortchanged now and then when we cash our paychecks. We would expect hospital nurses to drop a certain percentage of all newborn babies. We would expect to go home to the wrong house periodically. As individuals we do not tolerate these things. Thus we have a double standard, one for ourselves, one for the company.” PeopleIfsBelieveHomeCertainHouseIndividualCompanyAcceptingBabyStandardsErrorsInevitableHospitalsNurseCashNow And ThenToleratePersonal LifePercentagesPaychecksNewbornDouble StandardNewborn Baby Author:Phil Crosby