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.

One does not "manage" people. The task is to lead people.

Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past.

If the feudal knight was the clearest embodiment of society in the early Middle Ages, and the "bourgeois" under Capitalism, the educated person will represent society in the post-capitalist society in which knowledge has become the central resource.

The manager who comes up with the right solution to the wrong problem is more dangerous than the manager who comes up with the wrong solution to the right problem.

Business is society's change agent.

People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.