Monday, September 08, 2008

news from me - ARCHIVES

news from me - ARCHIVES:

"Many years ago, I attended a lecture by a man named Akio Morita, who may well have been the smartest person to ever be in the same room as me. (He was the co-founder of Sony.) He said — this is not an exact quote but it's close — 'The thing that will eventually doom much of American business is that your executives pay no price for failure. You can become CEO of a corporation, do everything wrong, drive your company into the ground and then retire and buy several mansions with the money they will pay you for doing this.'"

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