I walk into all these organizations, and I'm always puzzled when I realize that people still want to be there. Most people really want to love their organizations. We need that level of commitment ... Yet organizations have done very little to deserve that kind of staying-power.

When you retire you go from Who's Who to Who's That?

All of life is the management of risk, not its elimination.

Capital goes to where it can escape taxation and be used to pay employees in sacks of rice.

Every line in the government's budget has its own constituency.

Failure is not a crime. Failure to learn from failure is.

A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.