Over the next four years, we will be bold. We will be willing to experiment. We will not fear failure.
Ken Lay has, does and will continue to accept responsibility for the fall of Enron. He was the man at the controls. But failure is not a crime.
The greatest failure is that although we have created institutions, we have not created a civil society.
All through history, there have always been movements where business was not just about the accumulation of proceeds but also for the public good.
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.
Of my mental cycles, I devote maybe ten percent to business thinking. Business isn't that complicated. I wouldn't want to put it on my business card.
Lots of small business men have been contacting me to say they wish they had the nerve to say what I said.
My father wasn't absolutely delighted. He wanted me to become a lawyer. I studied law, but I thought the shoe business was more exciting.
In the 1970s, Japan moved into the U.S. turf with its televisions, cars, chips, and steel. But if you think about it, the only business Japan destroyed was the U.S. television industry.
Growing up, around the dinner table my father and I didn't talk sports. We talked business.
A guy named Charlie Beacham was my first mentor at Ford. He taught me the importance of the dealers, and he rubbed my nose in the retail business.
I certainly think you could look at the business side of how WWE was run, which was as a conservative company with little debt and strong cash balance.
In business, we say that people overestimate what you can do in a year and underestimate what you can do in a decade. This is true in philanthropy as well.
If you're soft and fuzzy, like our little characters, you become the skinny kid on the beach, and people in this business don't mind kicking sand in your face.
I was actually the manager of the games department of an amusement park when I was at college, so I understood the coin-op side of the games business very well.
Did you know that Kodak actually invented the digital camera that ultimately put it out of business? Kodak had the patents and a head start, but ignored all that.
People need to understand how exponential technologies are impacting the business landscape. They need to do some future-casting and look at how industries are evolving and being transformed.
When I talk about taking bold actions in the world, few things are bolder than creating the 'Huffington Post' from scratch and reinventing the newspaper business.
In Hong Kong, the property business has always been very competitive, so we have to think of ways to get an edge over our competitors.
We are not a trading company. We are a midstream asset company: pipe, storage and terminals. It's an unsexy, dirty business. It's not rocket science.
I've always leaned toward a feminine, funky style, even in business settings. I used to paint my nails blue in 1993, before it was mainstream.
