We don't want to be something for everybody, we want to be everything for some people.

We are facing extreme volatility.

If guys try to make a bigger company for the sake of size, they don't create value in most cases.

Commitment. This is my favorite word because in some way, people who are committed are always much more interesting and much more reliable, and much more, I would say, deep than people who are not.

The biggest enemy of management is indifference. It's when people don't give a damn

I think we're going to have some difficulty in front of us. I have absolutely no doubt the next three, four years Europe are going to be at best stagnation. We are preparing for tough times.

I'm the C.E.O., nominated by the shareholders. If they're not happy, I have to take the consequences.