People aren't the same. Business is, in my opinion, all about the team that fields the best players. It's not about an idea. An idea goes away. Somebody catches up with it. It's not about a widget.

Real change agents comprise less than 10% of all business people.

If you're not in Germany, you're not in Europe. And if you're not in Asia, you're nowhere.

For a large organization to be effective, it must be simple.

If the rate of change on the outside exceeds the rate of change on the inside, the end is near.

Public hangings are teaching moments. Every company has to do it. A teaching moment is worth a thousand CEO speeches. CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it.

I think the move by Mr. Greenspan was welcomed by everyone here.