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The mistake the apartheid government made was they gave the black people nothing, so they had nothing to lose. But now a lot of the former freedom-fighters are big-time capitalists. They've been given directorships in every major company. They're billionaires! ”
One of the problems with industries that have been in relatively long-term declines is that, very often, the managements in those industries develop a kind of loser mentality. And when you ask them what's wrong with the business, they'll point to extraneous forces. ”
We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs, a great amount of closed manufacturing businesses. We don't want that to continue. ”
My obligation is to disclose companies in which I'm an officer, a director, or an investor. ”
I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners. ”
Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage. ”
I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format? ”
The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets. ”
Most of the effort in the software business goes into the maintenance of code that already exists. ”
Everyone in the dating business wants to know what women want - it's the billion-dollar question. But it's simple: put one in charge, and you find out. ”