Category Archives: Classic Quotes

“They think because they’re doing something disruptive, the regulations that apply to other companies don’t apply to them.”

Michael Hansen on Silicon Valley start-ups. Think Uber, Tesla, Turing, Theranos,Yahoo, Chipotle, and a host of new-idea companies. As noted in The Seven Signs of Ethical Collapse, the culture of innovation means that those within the firm think that the … Continue reading

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“In a time of universal deceit, telling the truth is a revolutionary act.”

Garrison Kellor, Writer’s Almanac

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“If you hold a tiger by the tail, you have a difficult choice to make: Do you let go or not? It’s not a good thing to alienate any legislative leader.”

Richard Runes, a lobbyist for Glenwood Management, testifying in the corruption trial of Sheldon Silver. Mr. Rune also testified, “He was one of the three most powerful people in the state of New York, governmentally.” Mr. Runes had Glenwood retain … Continue reading

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“I think I can read between the lines more than a lot of people on these issues.”

Jon Corzine, former Goldman chair, former U.S. senator, former governor of New Jersey, former head of MF Global, a company that was the second largest bankruptcy in history (only Lehman was bigger)following a “temporary” loss of $1 billion I customer … Continue reading

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“This is a seismic cultural shift, when a corporation puts a woman’s rights above the bottom line.”

Wendy Walsh, former O’Reilly guest. However, in the case of Fox News, O’Reilly got the boot because the bottomline was being affected. O’Reilly advertisers pulled their ads from his program. You lose ad dollars, you fix it. Sometimes business interests … Continue reading

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“People getting accounts they didn’t sign up for? I don’t need an M.B.A. in finance to understand that’s wrong.”

Stephen Beck, founder of CG42, a strategy company, discussing Wells Fargo’s problems. Funny how this simple point eluded so many within the bank.

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“Your biographical information will always have this senseless taint.”

U.S. District Judge Susan Wigenton in sentencing Bill Baroni, the former deputy executive director of the Port Authority of New York and New Jersey. Mr. Baroni received a two-year sentence. Bridget Anne Kelly, a member of New Jersey Governor Chris … Continue reading

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“If you mix your politics with your investment decisions, you’re making a big mistake.”

Warren Buffett, the Oracle of Omaha on the boycott of all things Trump, including the U.S. stock markets. Time, March 13, 2017, p.20. There are good business people who are Democrats and good business people who are Republicans. Rational folks, … Continue reading

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“I am running a business. I am a for-profit business.”

Heather Bresch, CEO of Mylan pharmaceutical (sellers of the price-increased EpiPen ($600)), and daughter of West Virginia Senator Joe Manchin.  Ms. Bresch is featured in a case study in Marianne M. Jennings. “Business Ethics: Case Studies and Readings” (Cengage 2014).  … Continue reading

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“If everyone told the truth, the stock market would never move.”

Iraj Parvizi, aka Fatty, aka the Mad Punter, testifying at a trial with his three co-defendants who were all  accused of running the biggest insider trading ring in the history of the United Kingdom.  Some additional treasures from the witness stand … Continue reading

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“They are very unsophisticated– and anyone could ‘rape’ them.”

E-mail from Goldman executive in 2008 reflecting on the firm’s dealings with Libya’s sovereign-wealth fund.  Libya has filed suit against Goldman Sachs in the High Court of London, and the quote was one of many to emerge as the trial … Continue reading

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“I don’t know what the answer is, but holy cow, do we have a problem.”

FBI Director James Comey in discussing rising crime rates in more than 40 cities.  In Chicago alone, murders were up 40% and shootings up 70%.  You have to put your faith in a guy who still says “holy cow.” This … Continue reading

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“A hero.”

Alice Cancel, describing Sheldon Silver, the former New York state legislator who was convicted of corruption charges. Ms. Cancel is running to take his seat, vacated due to the likelihood of jail time for Mr. Silver.

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“Eliot Spitzer is subject of assault probe in NYC”

Headline from USA Todayon February 16, 2016. The investigation is based on a woman’s phone calls to police and their response to events between her and Spitzer in a $1,000 per night hotel suite. Mr. Spitzer’s spokeswoman say that there … Continue reading

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