Entrepreneurialism, to me, means being able to fail. And I believe that kind of leadership is not necessary only in business, but it's necessary for running countries, too. You've got to be able to believe in something strongly enough that you want to do it even if there's a risk of failure.

I used to give out Mickey Mouse awards to people. I like Mickey Mouse because he represented certain values. He invested in people, was good to his friends and hard on his enemies. Once a year, I would have our management team from each division come to an offsite, and I would talk about Mickey Mouse.

With the sole exception of President Bill Clinton, whose 'bridge to the 21st century' evoked the vision and optimism of other great Democratic presidents of the 20th century, such as FDR and John F. Kennedy, pessimism about America's economic future has been the hallmark of modern progressivism.

In very big companies, you find less entrepreneurialism than you really want to see. Success is defined as 'don't make a mistake.' And you get to be the C.E.O. by outlasting everybody else, then you're there for five or six years, and you want to get your bonus on the way out.