The most important decision I've made in business? The choices of people I have around me. When I first started I brought everybody with me, my homies from the neighborhood, criminals. I just said, 'Come on everybody, we made it.' Then I had to reali...
I don't throw money away. First class tickets are very expensive. Why should I fly first class if I can fly business, which is the same thing? I would only fly first class if the ticket included access to some sort of special compartment that could s...
Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high ...
So long as I can stay mentally alert - inquiring, curious - I want to keep going. I love my wife and my children, but I don't want to sit around at home with them. We go on safaris and things like that. I can do that for a couple of weeks a year. I'm...
When you look at every studio in the '20s or '30s, from Louis B. Mayer to Jack Warner, you see people who started with one plan and quickly shifted gears to adapt to a changing world. One of my favorite stories is that Walt Disney mortgaged his house...
Even today we raise our hand against our brother... We have perfected our weapons, our conscience has fallen asleep, and we have sharpened our ideas to justify ourselves as if it were normal we continue to sow destruction, pain, death. Violence and w...
Democrats want to use government power to make people's lives go better; Republicans respond that people know more than politicians do. We think that both might be able to agree that nudging can maintain free markets, and liberty, while also inclinin...
No one has done a study on this, as far as I can tell, but I think Facebook might be the first place where a large number of people have come out. We didn't create that - society was generally ready for that. I think this is just part of the general ...
Fresh out of college, you tend to join a company because it's a job. But, you tend to stay because it becomes a career; you start to feel at home. In the beginning of your career, you're focused on you: 'I like this place because I'm doing rewarding ...
The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little...
In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit with governors of central banks and finance ministers and, in some cases, prime ministers. They all know Travelex. We are regarded ...
It's not as though we can keep burning coal in our power plants. Coal is a finite resource, too. We must find alternatives, and it's a better idea to find alternatives sooner then wait until we run out of coal, and in the meantime, put God knows how ...
Before 9/11 there were weak procedures, willingness, and mechanisms for communicating among agencies for foreign intelligence and the FBI with its focus on law enforcement. The domestic-vs.-foreign barrier has been solved by the reforms after 9/11 th...
I made a conscious decision not to tell anyone in my life. Now I tell people - don't tell anyone your idea until you have invested enough of yourself in it that you are not going to turn back. When a person has an idea at that conception moment it is...
When you're doing what you love to do, you become resilient. You create a habit of taking chances on yourself. If you do what's expected of you, and things go poorly, you will look to external sources for what to do next, because that will be your ha...
The distance between number one and number two is always a constant. If you want to improve the organization, you have to improve yourself and the organization gets pulled up with you. That is a big lesson. I cannot just expect the organization to im...
We are in a bit of a policy box and it's going to require us being willing to give up one of the two, which is it's okay to take on more deficits but lets put in some massive spending. Alternatively to say, 'we're going to go through structural unemp...
In 1994, when I came to PepsiCo, there were really three businesses. They were soft drinks, which included both bottling and the concentrate company. There were salted snacks - Frito Lay. And restaurants where we had, we all talk of them, Pizza Hut, ...
Just about everything put out by Top Shelf and Drawn & Quarterly and Fantagraphics is what I keep up with. And once in a while, I'll read the more mainstream comics - I like Grant Morrison's writing and some of Warren Ellis' stuff, although maybe the...
It's really a question of fairness and what kind of country we're going to live in. There are 22,000 people making over $1 million. They're paying an effective tax rate in the teens. As Warren Buffett said, he pays less in taxes effectively than his ...
School boards are, for the most part ,made up of political wannabes who see a board seat as a stepping stone for political office, or well-meaning parents who represent an ethnic group or geography, or have some other narrow interests. Few people on ...
