A Quote by Richard Edelman
CEOs who boldly lean into fulfilling the dual mandate of earning profits and providing societal benefits will find a receptive public.
Related Quotes
Google will make us more informed. The smartest person in the world could well be behind a plow in China or India. Providing universal access to information will allow such people to realize their full potential, providing benefits to the entire world.
Business is no longer a matter of profits alone. Profits must come through public confidence, and public confidence is given to any merchant in proportion to the service which he gives to the public.
Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied... He who serves the public best, makes the highest profits.
There are many families that want to raise kids on one income, or one income and some part-time work, and instead find themselves pressured, financially and culturally, to keep up with the dual-earning Smith-Joneses next door.
I think there's a huge gap between no longer qualifying for benefits and being able to afford a life without benefits. When I went off government assistance - six months before I got the book deal - there were some months that were lean, I mean literally lean, like I lost a lot of weight. I could barely afford food.
Conservative and liberal politicians alike now spend millions waging wars around the globe, funding the largest military state in the world, providing huge tax benefits to the ultrarich and major corporations, and all the while draining public coffers, increasing the scale of human poverty and misery, and eliminating all viable public spheres - whether they be the social state, public schools, public transportation or any other aspect of a formative culture that addresses the needs of the common good.
The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate.
A society - any society - is defined as a set of mutual benefits and duties embodied most visibly in public institutions: public schools, public libraries, public transportation, public hospitals, public parks, public museums, public recreation, public universities, and so on.
It would be silly not to admit that there are some sections of the public who are unconvinced by the benefits or have doubts about the motives behind it. We have to be clear that GM is not all about profits for multinational companies.
Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer'; anything else is waste.
The old way of doing 'good business' was based on the principle, 'the ends justifies the means.' In the future, good business will invoke 'the means justifying the ends.' The E P&L can already serve as an important tool to help this shift in commerce from generating profits with collateral damages to profits with collateral benefits.
I don't think there is anything wrong in earning money from the sport you love. If you work hard and get benefits from it, there is no harm. The day you feel that you are not working hard and are only looking at the benefits, that's where the problem is.
When I was campaigning, I told the people if nothing happens under my mandate it will still be a positive thing because my mandate will be used as a rupture between the past and the future.
There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.
In these times of the 'Great Recession', we shouldn't be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don't. I find it patriotic.
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