That is amazing! I mean these CEOs saying their own businesses are doing OK! I mean, it makes sense to take these CEOs word for it. For instance, I know O.J. Simpson. He told me he didn't kill anyone and he should know, he was there!
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Reaction to clip of Maria Bartiromo interviewing John Thain for CNBC.Jon Stewart
I want to see the two CEOs of RIM and [Apple CEO Steve] Jobs working together. The thought of this ménage ? trois is absolutely hilarious.
Jean-Louis Gassee
CNBC sells itself as financial experts. And they have the access to the CEOs. And yet, they didn't catch any of this. And here they are blaming people who don't have the financial expertise and saying that they're part of the problem. [...] It seems like the banks and those that cheerlead them turned an arithmetic problem into a geometric one. They took a linear debt issue and by turning it into derivatives and securities and all that, now it's a gigantic problem. So, shouldn't we yell at them?
Jon Stewart
Fast-food chains, clothing designers and even U.S. presidential candidates know the bitterness of the long, hard P.R. winter that is a Newkirk-directed campaign. Tofu cream pies are thrown at CEOs, gruesome billboards go up near corporate headquarters and throngs of vocal protesters dog profit margins at the wave of Newkirk's hand. McDonald's, General Motors, Calvin Klein and, most recently, Burger King have all buckled under the strain in one way or another.
Ingrid Newkirk
If there is a sense of reality, there must also be a sense of possibility. To pass freely through open doors, it is necessary to respect the fact that they have solid frames. This principle, by which the old professor had lived, is simply a requisite of the sense of reality. But if there is a sense of reality, and no one will doubt that it has its justifications for existing, then there must also be something we can call a sense of possibility. Whoever has it does not say, for instance: Here this or that has happened, will happen, must happen; but he invents: Here this or that might, could, or ought to happen. If he is told that something is the way it is, he will think: Well, it could probably just as well be otherwise. So the sense of possibility could be defined outright as the ability to conceive of everything there might be just as well, and to attach no more importance to what is than to what is not.
Robert Musil
When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement. You can get the same result personally while operating from your rocking chair. just quadruple the capital you commit to a savings account and you will quadruple your earnings. You would hardly expect hosannas for that particular accomplishment. Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign - with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest.
Warren Buffett
Stewart, Jon
Stewart, Kristen
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