A Quote by Seth Godin

The unhappy theory of business ethics is this: you have a fiduciary responsibility to maximize profit. Period. To do anything other than that is to cheat your investors. And in a competitive world, you don't have much wiggle room here.

Seth Godin

Quote Author

Seth Godin
American - Writer
Born: July 10, 1960

Using the phrase business ethics might imply that the ethical rules and expectations are somehow different in business than in other contexts. There really is no such thing as business ethics. There is just ethics and the challenge for people in business and every other walk in life to acknowledge and live up to basic moral principles like honesty, respect, responsibility, fairness and caring.

Michael Josephson

Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

David F. Swensen

Our laws demand that a corporation have a fiduciary responsibility with shareholders to maximize profits. They are legally required to make as much money as possible, any way possible within 'the law.'

Michael Moore

There's no such thing as business ethics; there's just ethics. And ethics makes no concessions for the real or imagined necessities of making a profit.

Michael Josephson

No matter how many rich people call New York their home, we don't really have enough capital here to build and maintain the infrastructure that a population needs to live. We don't have the federal money, and for-profit investors are just not interested in anything other than making the biggest profit they can.

Sharon Zukin

I try to build on our management philosophy. I try to understand what the threats and opportunities are for us. Uh, I try to make sure that we're driving innovation and creative destruction hard enough so we're not blindsided, and that our attitude is to, in starting any initiative, any business, is to focus on how we can create value for others, rather than how we maximize profit, because you can make money focusing on, "How do I maximize profit?"

Charles Koch

I don't fault business. If you run a corporation, your job is to maximize the return on investment for your investors. Good for you. But by the same token, we have to remember that corporations have no compassion. That's why legislation and regulations are necessary.

Russell Simmons

The incentive for business is not, and cannot, be anything other than the root incentive for all business: they must profit.

Edward Norton

The question is, when so many others cut corners, shave the truth, self-deal, believe in the fast buck, and follow the crowd along the low road of least resistance, can we even afford to travel the high road of ethical behavior? Frankly, we can't afford anything else. Any other competitive angle is a pure crapshoot in today's business world. Companies with shaky ethics and shabby standards will be crippled as they try to compete in our changing world.

Price Pritchett

I'm a competitive person. Business is a much more competitive sport than any real sport. It's 24x7x365. I'm a business adrenaline junky.

Mark Cuban

You figure they cheat at the ballpark, they'll cheat on the golf course, they'll cheat in business, and anything else in life. Players may laugh about it and say it's funny, but right down in their heart, they don't think it's funny at all, and they have no respect for a person who cheats.

Bob Feller

Of course art world ethics are important. But museums are no purer than any other institution or business. Academics aren't necessarily more high-minded than gallerists.

Jerry Saltz

This game has taken a lot of guys over the years who would have had to work in factories and gas stations and made them prominent people. I only had a high school education, and believe me, I had to cheat to get that. There isn't a college in the world that would have me and yet in this business you can walk into a room with millionaires, doctors, professional people and get more attention than they get. I don't know any other business where you can do that.

Sparky Anderson

In order to access private capital, you have to provide competitive return on investment. In order to give competitive returns to investors, you've got to operate on a profitable basis and be thinking of yourself as a business.

Pierre Omidyar

If you're constantly making business decisions on behalf of your investors first, ultimately you're going to wear down your other stakeholders. It's going to be potentially hurtful for your employees and your customers and the community you do business with.