Kenneth Frazier Quotes

If you have a drug that is $100 for one course of therapy, and you know that you can charge $100,000, what should shareholders think when you say, 'I'd rather not take the heat'?

Companies don't get rich hurting their customers.

Cutting prices or putting things on sale is not sustainable business strategy. The other side of it is that you can't cut enough costs to save your way to prosperity.

In general, you don't want competitors to understand your business outside of telling people your revenue and profitability numbers.

That doesn't mean you have to have the lowest costs in the industry to succeed. But you need to make sure the activities and product attributes that increase your costs above the other guy bring in at least that much more in revenue, and hopefully more.

I conduct business, not dependent of public sentiment, but according to the rules of fair business.

In the U.S., PC-makers have no incentive to lower prices because it kills their profit margins. They keep adding new features like high-end retina displays and faster processors to justify their high prices.

Amazon drove Borders out of business, and the vast majority of Borders employees are not qualified to work at Amazon. That's an actual, full-on problem. But should Amazon have been prevented from doing that? In my view, no.

Despite their good intentions, today's businesses are missing an opportunity to integrate social responsibility and day-to-day business objectives - to do good and make money simultaneously.

If Americans could legally access prescription drugs outside the United States, then drug companies would be forced to re-evaluate their pricing strategy.

At a European auto show, I had someone from a German car company come up to me and say the Karma should cost $125,000, not $87,900, but our development process lets us lower the costs. I guarantee it's profitable.

I made it real clear to the business community - if your plan for innovation is to trick people, is to fool them, is not to tell them the truth about the price, then you're right: I'm going to be right in the way.

You can’t pass enough laws to stop customers from seeking and expecting value.

Corporation. An ingenious device for obtaining individual profit without individual responsibility.

I think if you look at Merck's history, I think Merck has a reputation for having been a reasonable company when it comes to pricing, sort of a leader in that respect.

I think it's a completely good thing to want to do business, to want to make money and be a success in the marketplace, to get the attention of customers. I'm not in the business of pointing fingers or blaming companies, but there is a limit to everything.

Blame me for capitalism. Blame me for EpiPen.

The pharma pricing system was not built on the idea of consumer engagement. It was built... on market efficiencies. It was not built on the premise of consumerism.

TSG is competing with Middle East, East Asia and Europe in offering prices that are either lower or at par with these markets.

You cannot take shortcuts. We've shown that we can spend more on ingredients, not less, and charge a fair price.

We need legislation that encourages increased competition and tort reform and combats fraud, waste, and abuse. This would drive down health care costs, provide more 'bottom line' for our small businesses and lead to more private sector job growth.

Clear prices force health care providers and insurers to lower their rates to attract customers - like their counterparts in the rest of the economy.

Purpose has always been part of Unilever's DNA. Our founder, William Lever, built a business around the sale of Lifebuoy soap that was not only profitable and sustainable but also helped transform the health of the poor in Victorian Britain.

There's often a good, honest case to be made that a century-old company has not only a knack for growing and managing a P&L, but also, perhaps, a heart and soul.

Millennials want to work for organizations that prioritize purpose as well as profit. It's as simple as that.