Sergio Marchionne Quotes
You only produce one car less than the demand for the vehicle. You just don't exceed that equation.
Marchionne, Sergio. Ferrari IPO Roadshow Presentation. Oct. 2015.
As a result of this report, IBM did not acquire the Xerox technology. Xerox went on to place 600,000 units of the machine that Arthur D. Little assessed would be only 5,000. Until IBM pulled out of their Partnership with Microsoft for the development of Windows, the failure to deploy the Xerox process was the largest mistake they had made. It shows that even the best of companies make large errors.
The President had a series of radio talks to the people in which he addressed them directly and explained things as he then understood them.
Hoover was the Food Administrator at that time. Although he gave lip service to the free market economy concept, he was proposing government price controls and rationing. When the free market was not functioning, at this time in his career, he was willing to use government controls and regulation. By the end of 1918 over 250,000 food-handling corporations, firms, and individuals were under Food Administration licenses. Meat, fish, poultry, eggs, butter, milk, potatoes, fresh and dried vegetables, and fruits, canned goods, the coarse grains and rice, vegetable oils, coffee, and such various commodities accessory to food-handling, as ice, ammonia (for ice-making), arsenic (for insecticides), jute bags, sisal, etc., were under direct control. Ironically, later when he was President and faced with the Great Depression, he had become much more rigid and would not “interfere” with the free, private market and use government to solve the national problems. It was Franklin Delano Roosevelt who did that after Hoover would not. At the time he gave this speech, Hoover was not very political and was more of a technocrat. It may have been that by the time he became President he was intellectually and politically locked in to Republican Party conservative economic ideology.
This is the equivalent of “if you build it, they will come.” This is one of those so called “Law” of economics that is really not always so. In many cases it holds, as when Disney Built Disney World or Apple issued the iPhone. However, it clearly does not hold when there is a surplus of a commodity.
At the time, this was not popular with many socialists who had given up on the lack of fairness and equity of the capitalistic system. A century later, most politicians and political philosophers had given up on socialism ever meeting Bauer’s test, and Capitalism was well ensconced in Western Democracies.
Sergio Marchionne was an Italian-Canadian businessman, widely known for his turnarounds of the automakers Fiat and Chrysler, his business acumen and his outspoken and often frank approach, especially when dealing with unpalatable issues related to his companies and the automotive industry.
