Ajay Piramal Quotes

The notion that employees and companies have a social contract with each other that goes beyond a paycheck has largely vanished in United States business.

A great business has to have a conscience. You have to know who you are and who you are not.

Whole Foods Market tries to embody all of the principles of conscious capitalism all the time, but like any person or company, we sometimes fall short.

Companies that are publicly held have a fiduciary duty to their shareholders to try to maximize their profits within ethical reasons.

When you start to get shareholders, clients, employees, rating agencies, and everybody converging, and then your competitors bad-mouth you, you know you did the right thing.

Compassion, together with contractual responsibility for one's workforce, is a mark of a top employer.

American business needs more conscience, not less, whether from religious motivation like Hobby Lobby or from secular intentions.

Creating a strong company culture isn't just good business. It's the right thing to do, and it makes your company better for all stakeholders - employees, management, and customers.

Corporate executives need to re-frame their responsibilities to include the interests of all the stakeholders in society at large; not just shareholders, but also employees, the citizens of our communities, and those who care about the environment.

I believe our philosophy of conscious capitalism will eventually be widely adopted primarily because it is a better way to do business, and it creates more total value in the world for all of its stakeholders.

Executives can no longer hide behind the corporate veil. They need to be accountable for what their companies do, because entities are responsible for socially irresponsible behavior.

Corporate executives and business owners need to realize that there can be no compromise when it comes to ethics, and there are no easy shortcuts to success. Ethics need to be carefully sown into the fabric of their companies.

I could have closed down bits of British Home Stores to make more money but it's not my style. I want to make my money as a retailer, not by putting people out of work.

I think good companies can navigate being public and doing the right things for their customers.

Businesspeople get a little bit of bad press sometimes. There are a lot of normal and ethical people.

Business practices and how we treat the planet are also in desperate need of re-humanization.

The companies that make meaningful contributions while also listening to the voices of others are the ones that will genuinely engage their community, who will then go to work for them.

It is important to remember that all business has an impact on the lives of real people.

I'm less concerned about whether being a good corporate citizen burnishes a company's reputation. That's just an added benefit. I believe it's a responsibility, and there is no negotiating on responsibilities.

The only currency isn't money. For me, it's about how can you build a good business that's also a social business.

Sustainability includes how you run your business, and my bottom line includes how you treat your people. Sustainability starts with your staff.

In the final analysis, finding a way to do clean business and not to pay bribes actually improves your bottom line.

A company has a greater responsibility than making money for its stockholders. We have a responsibility to our employees to recognize their dignity as human beings.

You must consider the bottom line, but make it integrity before profits.

To companies we have this message: You should keep the promises that you make to your employees.