To end cronyism we must end government's ability to dole out favors and rig the market.

I've had the philosophy that John Adams expressed, in the kind of system that we're trying to create in this country: that this is a system for moral people. It will work for no other.

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?"

When currying favor with Washington is seen as a much easier way to make money, businesses inevitably begin to compete with rivals in securing government largess, rather than in winning customers.

To end cronyism we must end government's ability to dole out favors and rig the market.

Embrace change. Envision what could be, challenge the status quo, and drive creative destruction.

Scientific discoveries and innovation come from combining different existing technologies and different perspectives in a unique way.