A Quote by Glenn Kelman
So many tech companies have embraced a mission that they say is larger than profits. Once you wrap yourself up in a moral flag, you have to carry it to the top of other hills.
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We've grown from 18% of the profits of the top 25 companies in our industry to 23% of the profits of the top 25 companies in our industry over the last five years. Profits are up over 70%, where the industry profit is up about 35%. Pretty good.
Many liberals argue that big U.S. companies don't really pay the top corporate rate. While this is sometimes true, it's mainly because, during recessions, companies lose money, and get a tax loss carryforward that temporarily reduces their effective rate. But during economic expansions, when profits rise, companies then do pay the top rate.
It is obviously good and proper to respect the U.S. flag, perpetuated with the blood of American heroes. On the other hand, it can be a fatal mistake, a nuking of the Bill of Rights, not to recognize scoundrels who wrap themselves in the same flag to cover up their crimes against the American common people.
If you look at the top 20 companies of the world, 19 of them are still brick-and-mortar companies. I have nothing against tech companies. What I am saying is that if you have a car manufacturer or an oil and gas manufacturer, you won't get the supply over the Net.
There's also the issue of tech titans throwing their weight around in Washington and lobbying. There was just a Reuters poll that reported that more than half of Americans are concerned that tech companies are "encroaching too much on their lives." That's pretty major, considering these companies were universally loved not that long ago.
No other technology company other than Apple has successfully transitioned their platform. It's almost never done, and it's way harder than you realise. This transition is where tech companies go to die.
Too many companies these days can't tell the difference between good profits and bad.... By now you're probably wondering how in heaven's name profit, that holy grail of the business enterprise, can ever be bad. Short of outright fraud, isn't one dollar of earnings as good as another? Certainly, accountants can't tell the difference between good and bad profits. They all look the same on an income statement. While bad profits don't show up on the books, they are easy to recognize. They're profits earned at the expense of customer relationships.
Our community of drivers has 30 percent women in a driving industry that's typically 1 percent. We better understand each other because we better reflect our community than maybe other tech companies or other companies in general. It's something we're very happy with and proud of.
Browbeating the tech industry for a problem that does not exist also draws attention away from the real problems with Google and other tech companies.
Tech companies don't exist in a bubble; they draw from and feed into a larger community. Ideally, the relationship is symbiotic.
I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.
I’ve seen how important this concept is in business. To be truly successful, companies need to have a corporate mission that is bigger than making a profit. We try to follow that at salesforce.com, where we give 1% of our equity, 1% of our profits, and 1% of our employees’ time to the community. By integrating philanthropy into our business model our employees feel that they do much more than just work at our company. By sharing a common and important mission, we are united and focused, and have found a secret weapon that ensures we always win.
The notion that marriage is an impediment to commitments to the larger community is a long-standing one - and one reason early Christians did not place the institution at the top of their moral hierarchy, complaining that married couples cared more about pleasing each other than doing the Lord's work.
Patriotism! It is used to define so many diversities, to justify so many wrongs, to compass so many ends, that its life is killed out; it becomes a dead word in the vocabulary-a blank counter, to be moved to any part of the game; and that flag which, streaming from the mast-head of our ship of state, striped with martyr-blood, and glistening with the stars of lofty promise, should always indicate our worldwide mission, and the glorious destinies that we carry forward, is bandied about in every selfish skirmish, and held up as the symbol of every political privateer.
At 25, I made many companies. I was thinking more like a businessman or entrepreneur than a CEO. I created many companies, small companies, medium companies. I tried to be involved in many kinds of activities, in finance, in real estate, in mining.
It is not size that counts in business. Some companies with $500,000 capital net more profits than other companies with $5,000,000. Size is a handicap unless efficiency goes with it.
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