Henry Clay Frick Quotes

I'm trying to construct a world that maximises the probability that SpaceX continues its mission without me.

Unlike people, companies outlive their founders and their leaders.

Fidelity does have a succession plan in place to ensure a smooth transition.

No company should depend on one person no matter how that person is smart or genius, whether it's Apple or News Corp, or Citibank or any other company in the world.

Essentially, you have to be aware of a crisis happening: 'Can the company go on if I get hit by a bus?' That's, I think, how you build a great company and something that can scale.

We need to be focused in corporate America on the long term.

At the end of the day, you want to do what's best for your organization, present and future.

I can't tell you how many board meetings I've been in where the CEO is anguished over the impacts on morale that cost cutting or layoffs will bring about. You know what hurts morale even more than cost-cutting and layoffs? Going out of business.

Strong succession planning is a critical element of all the Johnson enterprises.

You don't make spending decisions, investment decisions, hiring decisions, or whether-you're-going-to-look-for-a-job decisions when you don't know what's going to happen.

Ty Tryon made a lot of money after turning pro, but he might not have been ready. I don't want to make a lot of money for a couple of months and then not be ready.

In order to have your short term policies accepted, you have to have your long term policies understood.

You have three options [as a CEO]: Either you die, you get fired, or you retire. Two of those options I don’t care for.

Practically every enterprise is threatened and put on the defensive as soon as it comes into existence.

You have to make your company idiot-proof because you may have an idiot running it some day.

I've always said manage in good times so that you're ready for the bad times.

In business, I think the most important thing is to position yourself for long-term and not be too impatient, which I am by nature, and I have to control myself.

At Participant, I am the board. I am the sole greenlight at the company. If something happened to me, that would be a problem.

Too many times I have had to sacrifice a trophy or the chance of winning one because the owners have said you have to stay in the Premier League at all costs.

It's not about just how to maximize your finances but make sure it lasts a long time.

The road is still very long. We want to concentrate for now on manufacturing in the U.S. If I don't succeed, my son will continue with it. If he doesn't make it, my grandson will.

The opportunity to create wealth in foreign banks exists only in the investment banking space. Working in a local company teaches you to think long term.

We all remember the tech bubble of the late '90s, but companies like Amazon survived. Wherever there's strong, enduring value, it can last through that kind of turmoil.

Sometimes people start making a change with without making sure the first the first source of income sticks.

In a perfect world, you make a seamless transition from one great era to the next, but that rarely happens. I've studied these things: how do you go from the Aikman-Irvin-Smith Cowboys to the next era? I'm all for continuity. I wish we could have done it that way with Bill Polian, Jim Caldwell, Peyton.