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James Surowiecki Quotes
James Surowiecki Quotes
James Surowiecki
American
Journalist
Born:
Apr 30
,
1967
Business
Good
People
Will
Work
You
Related authors:
Ambrose Bierce
Dave Barry
Erma Bombeck
Hunter S. Thompson
Mignon McLaughlin
Walter Cronkite
William F. Buckley, Jr.
William Lloyd Garrison
Nike used to be known as Blue Ribbon Sports. What's now Sara Lee used to be Consolidated Foods. And Exxon was once Standard Oil Company of New Jersey. These were name changes that worked. But for all the ones that do, there are 10 or 20 that don't.
James Surowiecki
Sports
Changes
Nike
Once
Consolidated
Foods
New
Name
Known
New Jersey
Were
Lee
Blue
Oil
Oil Company
Ribbon
Worked
Used
Standard
Company
Now
Jersey
By the time of the '90s boom, CEOs had become superheroes, accorded celebrity treatment and followed with a kind of slavish scrutiny that Alfred P. Sloan could never have imagined.
James Surowiecki
Time
Become
Boom
Kind
Followed
Superheroes
Could
Never
Had
Accorded
Celebrity
CEOs
Scrutiny
Slavish
Treatment
By The Time
Imagined
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
James Surowiecki
Capitalism
Problem
Own
Ownership
Dilemma
Corporations
Those
Run
Would
Would-Be
Pockets
Only
Small
Perennial
Had
Instead
Toward
Became
Real
Occurs
Line
Been
Model
America
American
Managers
Owners
Essentially
Moved
Which
Stakes
Who
Companies
Professional
The reason advertising is governed by fear, after all, is that most agencies rely on just a few clients to bring in the lion's share of their revenues.
James Surowiecki
Lion
Fear
Few
Rely
Share
Most
Advertising
Clients
Revenues
Governed
Just
After
Agencies
Reason
Bring
In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corporate performance so high that executives felt their only option was to slash payrolls.
James Surowiecki
Rage
Setting
Too
Took
Corporate
Harshly
High
Only
Performance
Days
Executives
Felt
Judging
Lot
Option
Wall
Wall Street
Flak
Bar
Companies
Downsizing
Street
Slash
You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.
James Surowiecki
You
Only
Economic
Indiscriminate
Economic Growth
Investment
Long-Term
Real
Fuel
Credit
Growth
Instead of mindlessly tossing billions at or taking billions from the Net as such, investors should be spending their time making sure that it's the future Fords and General Motors of cyberspace that are getting the capital they need.
James Surowiecki
Future
Time
Spending
Tossing
Net
General
General Motors
Investors
Instead
Taking
Sure
Making
Motors
Getting
Capital
Should
Cyberspace
Billions
Need
Moviegoers love the intricacies of a crime all the more when it's for a good cause.
James Surowiecki
Love
Good
Cause
Crime
More
Good Cause
If someone really wants my company's business, why shouldn't he be able to do everything he can - including paying me off - to get that business? Because bribery encourages people to make decisions based on the wrong criteria, which means in the business world that it distorts the efficient allocation of resources.
James Surowiecki
Me
Business
People
World
Resources
Everything
Criteria
Able
Someone
Allocation
He
Wrong
Make
Because
Off
Encourages
Efficient
Get
Wants
Which
Decisions
Really
Means
Paying
Bribery
Business World
Company
Including
Based
Why
Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.
James Surowiecki
God
Thank God
Coffee
Will
Out
Run
Some
Point
Like
Although
Always
Still
Thank
Commodity
Oil
Which
Us
The oil market is especially sensitive even to a hint of expansion or contraction in supply.
James Surowiecki
Market
Supply
Hint
Contraction
Expansion
Oil
Sensitive
Even
The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.
James Surowiecki
Reality
People
Changing
Wax
System
Responsive
Economic
Fact
Remain
Economic System
Industries
Tastes
Any
Wants
Dynamic
In practice, downsizing is too often about cutting your work force while keeping your business the same, and doing so not by investments in productivity-enhancing technology, but by making people pull 80-hour weeks and bringing in temps to fill the gap.
James Surowiecki
Work
Technology
Business
People
Practice
Too
About
Weeks
Investments
Force
Making
Doing
Same
Often
While
Cutting
Your
Gap
Fill
Downsizing
Keeping
Bringing
Pull
Capitalism, after all, is no fun when real failure becomes a possibility.
James Surowiecki
Failure
Capitalism
Possibility
No Fun
Becomes
Real
After
Fun
Defense contractors are able to reap tremendous profits while rarely confronting the risks for which those profits are supposed to be the reward.
James Surowiecki
Risks
Reward
Reap
Defense
Tremendous
Those
Able
Rarely
Supposed
Contractors
Which
While
Confronting
Profits
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