Philanthropists from the United States

1285 quotes found

"Some material things make my life more enjoyable; many, however, would not. I like having an expensive private plane, but owning a half-dozen homes would be a burden. Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends. My wealth has come from a combination of living in America, some lucky genes, and compound interest. Both my children and I won what I call the ovarian lottery. (For starters, the odds against my 1930 birth taking place in the U.S. were at least 30 to 1. My being male and white also removed huge obstacles that a majority of Americans then faced.) My luck was accentuated by my living in a market system that sometimes produces distorted results, though overall it serves our country well. I've worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fate's distribution of long straws is wildly capricious. The reaction of my family and me to our extraordinary good fortune is not guilt, but rather gratitude. Were we to use more than 1% of my claim checks on ourselves, neither our happiness nor our well-being would be enhanced. In contrast, that remaining 99% can have a huge effect on the health and welfare of others. That reality sets an obvious course for me and my family: Keep all we can conceivably need and distribute the rest to society, for its needs. My pledge starts us down that course."

- Warren Buffett

0 likesBusinesspeople from the United StatesCompany foundersAgnostics from the United StatesPhilanthropists from the United StatesPeople from Omaha
"Buffet's electric company in Iowa... There used to be 9 corporate-owned [electric] utilities owned in Iowa. They were rolled up into 2. The people in Johnson City... and 5 or 6 little neighboring communities got together and said, "We want lower electric rates. We've consolidated. Rates should go down." "No way," said the company. So they started organizing to buy out Warren Buffet's company and have municipal power. Everywhere in America that you have municipal power, it's cheaper than corporate [electric] power. Pretty soon they got advice and recommendations and help from the Iowa Association of Municipal Utilities... Two prominent Iowa legislators... had a bill that would tax these municipal power agencies, and would hamstring them from any change in their business model... in the future, and that unless they promised to never again help people try to buy out Mr. Buffet's company, they had the votes to get this enacted. ...[A]s Carol Spaziani, the... retired city librarian... and one of the organizers of this drive said, "...I turn on the television and here are these images and these news stories about this beneficent billionaire, Warren Buffet, who is giving away all of this money. What nobody writes about is how he's gouging the people of Johnson City with excessive electricity rates, and that's how he's making his money."

- Warren Buffett

0 likesBusinesspeople from the United StatesCompany foundersAgnostics from the United StatesPhilanthropists from the United StatesPeople from Omaha
"To fully understand what these trade agreements are all about, we should remember what Jack Welch, the former CEO of General Electric, said back in 1998. "Ideally," he said, "you'd have every plant you own on a barge to move with currencies and changes in the economy." What Mr. Welch was saying is that in the CEO's perfect world, companies like his would effortlessly move from country to country, wherever labor was cheapest, taxes were lowest, and environmental protections were weakest. In other words, if the U.S. increased its minimum wage, a company could simply pull up anchor and ship its jobs to Mexico. If Mexico strengthened its environmental laws, no problem, that company would simply move to China. If China banned sweatshops, then the company could just move to Vietnam. Until Vietnam decided to increase taxes, in which case... Well, you get the idea. This is the essence of what the "race to the bottom" is all about, and why millions of Americans are rejecting unfettered free trade. Mr. Welch's analogy of a company on a barge was brutally honest. In this era of free trade, he basically acknowledged that corporations have absolutely no loyalty to the countries where they are based or to the workers they employ. That's exactly what these corporate-backed, corporate-written free trade deals are all about. They really aren't about trade at all. Trade, when structured in a fair manner, can be a driver of increased wages and widely shared prosperity. But free trade agreements aren't fair. Rather, they are all about increasing the profits of multinational corporations that have allegiance only to their bottom line."

- Jack Welch

0 likesBusiness theorists from the United StatesChemical engineers from the United StatesColumnists from the United StatesNon-fiction authors from the United StatesPhilanthropists from the United States
"The election's coming just in a couple of weeks, and I hope you're praying about your vote. One of the propositions, of course, that I want to mention is Proposition 8, which is the proposition that had to be instituted because the courts threw out the will of the people. And a court of four guys actually voted to change a definition of marriage that has been going for 5,000 years. Now let me say this really clearly: we support Proposition 8 — and if you believe what the Bible says about marriage, you need to support Proposition 8. I never support a candidate, but on moral issues I come out very clear. This is one thing, friends, that all politicians tend to agree on. Both John McCain and Barack Obama, I flat out asked them "what is your definition of marriage?" and they both said the same thing. It is the traditional, historic, universal definition of marriage: one man and one woman, for life. … There are about 2% of Americans are homosexual or gay, lesbian people. We should not let 2% of the population determine — to change a definition of marriage that has been supported by every single culture, and every single religion, for 5,000 years. … So I urge you to support Proposition 8, and pass that word on. I'm going to be sending out a note to pastors on what I believe about this, but everybody knows what I believe about it, and they heard me at the civil forum when I asked both Obama and McCain on their views."

- Rick Warren

0 likesChristian leadersTheologians from CaliforniaPhilanthropists from the United StatesPeople from San JoseBaptists from the United States
"Some things may have been tried before their time, but if these things don't violate the laws of physics they are likely to prove possible the next time around. Engineering is a series of failures with an occasional success. At least the kind where you are really looking at new technology. You tend to try things. You try things that are extrapolations of what has happened before. A lot of them don't work. Occasionally, you hit one that does. That's the way we make progress. Failures are not something to be avoided. You want to have them happen as quickly as you can so you can make progress rapidly. But, I've known technical people who are very competent but who would avoid doing a critical experiment. They would kind of work around the problem and do the things where the results were relatively straightforward, but they hated to do that experiment that might tell if their whole approach was right or wrong. And these people were relatively nonproductive. Then I've known other people who weren't perhaps as bright as the ones that worked around the problem who jumped right at the heart of the matter. They turn out to be the most productive. So my single piece of advice is don't delay making the critical test. That's the one that will tell you if you are right or wrong and where to go next."

- Gordon Moore

0 likesAcademics from the United StatesBusinesspeople from San FranciscoEngineers from the United StatesChemists from the United StatesPhilanthropists from the United States
"It's quite interesting to think about Wal-Mart starting from a single store in Bentonville, Arkansas against Sears, Roebuck with its name, reputation and all of its billions. How does a guy in Bentonville, Arkansas with no money blow right by Sears, Roebuck? And he does it in his own lifetime — in fact, during his own late lifetime because he was already pretty old by the time he started out with one little store.... He played the chain store game harder and better than anyone else. Walton invented practically nothing. But he copied everything anybody else ever did that was smart — and he did it with more fanaticism and better employee manipulation. So he just blew right by them all. He also had a very interesting competitive strategy in the early days. He was like a prizefighter who wanted a great record so he could be in the finals and make a big TV hit. So what did he do? He went out and fought 42 palookas. Right? And the result was knockout, knockout, knockout — 42 times. Walton, being as shrewd as he was, basically broke other small town merchants in the early days. With his more efficient system, he might not have been able to tackle some titan head-on at the time. But with his better system, he could destroy those small town merchants. And he went around doing it time after time after time. Then, as he got bigger, he started destroying the big boys. Well, that was a very, very shrewd strategy."

- Sam Walton

0 likesBusinesspeople from the United StatesPresbyterians from the United StatesPhilanthropists from the United StatesPeople from OklahomaPresidential Medal of Freedom recipients
"There is a heartfelt satisfaction in reflecting on our exertions for the public weal, which all the sufferings an enraged tyrant can inflict will never take away; which the ingratitude and reproaches of those whom we have saved from ruin cannot rob us of. The virtuous asserter of the rights of mankind merits a reward, which even a want of success in his endeavors to save his country, the heaviest misfortune which can befall a genuine patriot, cannot entirely prevent him from receiving. I have the most animating confidence that the present noble struggle for liberty will terminate gloriously for America. And let us play the man for our God, and for the cities of our God; while we are using the means in our power, let us humbly commit our righteous cause to the great Lord of the Universe, who loveth righteousness and hateth iniquity. And having secured the approbation of our hearts, by a faithful and unwearied discharge of our duty to our country, let us joyfully leave our concerns in the hands of him who raiseth up and pulleth down the empires and kingdoms of the world as he pleases; and with cheerful submission to his sovereign will, devoutly say: "Although the fig tree shall not blossom, neither shall fruit be in the vines; the labor of the olive shall fail, and the field shall yield no meat; the flock shall be cut off from the fold, and there shall be no herd in the stalls; yet we will rejoice in the Lord, we will joy in the God of our salvation.""

- John Hancock

0 likesFounding Fathers of the United States of AmericaMilitary leaders from the United StatesPhilanthropists from the United StatesBusinesspeople from the United StatesPoliticians from Boston
"In the spring of 1920, found itself, as it appeared at the moment, in a good position. On account of the limitation of automotive production during the war there was a great shortage of cars. Every car that could be produced was produced and could be sold at almost any price. So far as any one could see, there was no reason why that prosperity should not continue for a time at least. I liken our position then to a big ship in the ocean. We were sailing along at full speed, the sun was shining, and there was no cloud in the sky that would indicate an approaching storm. Many of you have, of course, crossed the ocean and you can visualize just that sort of a picture yet what happened? In September of that year, almost over night, values commenced to fall. The liquidation from the inflated prices resulting from the war had set in. Practically all schedules or a large part of them were cancelled. Inventory commenced to roll in, and, before it was realized what was happening, this great ship of ours was in the midst of a terrific storm. As a matter of fact, before control could be obtained General Motors found itself in a position of having to go to its bankers for loans aggregating $80,000,000 and although, as we look at things from today's standpoint, that isn't such a very large amount of money, yet when you must have $80,000,000 and haven't got it, it becomes an enormous sum of money, and if we had not had the confidence and support of the strongest banking interests our ship could never have weathered the storm."

- Alfred P. Sloan

0 likesMechanical engineersBusinesspeople from the United StatesBusiness theorists from the United StatesPhilanthropists from the United StatesPeople from New Haven