A Quote by Carlos Ghosn
More and more, in any company, managers are dealing with different cultures. Companies are going global, but the teams are being divided and scattered all over the planet.
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As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?
The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.... Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company.
We know from our business with clients around the world that when companies bring together people of different genders, races, cultures, and perspectives, we are smarter, more creative, more innovative, and more relevant.
We tax our companies more than any other country in the world, so we really are not really encouraging businesses to grow and expand, and over time, that's going to make it so that we diminish our role in the global economy.
I think that the global consciousness concerning all those elements that produce tension, fractions of societies, is changing in the sense that we all tend to understand a little more the needs for harmonizing the process and integrating races and cultures and producing multiculturalism and different melting-pot situations. That affects global things, tolerating the Arab, the African, the Eastern civilizations, getting rid of this hegemonic dominance by the West. That's all comprehensive now in terms both of understanding and approaching the whole planet.
A romantic or classical view of the French approach would have been to say, 'It's a French company; let no one attack it. Let's block any merger. But the reality is Alcatel-Lucent is not a French company; it's a global company. Its main markets are China and the U.S. Its ownership is foreign; most of its managers aren't French.
But by shining these lights in different places, they really have uncovered things that companies in their own interest are trying to clean up. We're not going to get rid of the realities of global competition. But these companies, like Nike or Gap, have global brands that they want to protect.
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
When you buy enough stocks to give you control of a target company, that's called mergers and acquisitions or corporate raiding. Hedge funds have been doing this, as well as corporate financial managers. With borrowed money you can take over or raid a foreign company too. So, you're having a monopolistic consolidation process that's pushed up the market, because in order to buy a company or arrange a merger, you have to offer more than the going stock-market price. You have to convince existing holders of a stock to sell out to you by paying them more than they'd otherwise get.
Any scientist can testify that a dead ocean means a dead planet .... No national law, no national precautions can save the planet. The ocean, more than any other part of our planet, ... is a classic example of the absolute need for international global action.
The Cinquecento was an engine of motivation at Fiat. It refurbished the image of the entire company. It's a symbol for the company, but it's more than that. It's a global Italian symbol, as Mini is a global British symbol and the Beetle is a global German symbol.
More than half of people who leave their jobs do so because of their relationship with their boss. Smart companies make certain their managers know how to balance being professional with being human. These are the bosses who celebrate an employee's success, empathize with those going through hard times, and challenge people, even when it hurts.
We've always gone to other countries where there's been different standards and different practices you have to adhere to. WWE is like any other company, a global company.
One of the problems with industrialism is that it's based on the premise of more and more. It has to keep expanding to keep going. More and more television sets. More and more cars. More and more steel, and more and more pollution. We don't question whether we need any more or what we'll do with them. We just have to keep on making more and more if we are to keep going. Sooner or later it's going to collapse. ... Look what we have done already with the principle of more and more when it comes to nuclear weapons.
Music companies are not technology companies any more than technology companies are music companies. They're really different from each other.
As a whole, the managers today are different in temperament. Most have very good communication skills and are more understanding of the umpire's job. That doesn't mean they are better managers. It just means that I perceive today's managers a bit differently.
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