There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.

Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.

There are just two questions to ask to attain success in business: First, "What business am I in?" Second, "How's business?"

All great change in business has come from outside the firm, not from inside.

Every time you do something that is important, write down what you expect will happen.

The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.

Yet there is nothing more dangerous than to be premature in exploiting a change in perception.