It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.

He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.

It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.

It is important to remember that all business has an impact on the lives of real people.

We have seen that in this country in the last few years, particularly on Wall Street, with the rise of the old human frailty of greed. This occurs when people begin to serve only their own needs to the detriment of everyone else.

There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels.

The competitive instinct is what I think drives organizations and people to become better and better. It can promote change toward progress and development, which is good for everybody. It can be the motivating force behind improvement in our social well-being that is far beyond anything we might have imagined on our own.