John Mackey: Live To Make Profits

Posted by admin on Thursday, June 13, 2019

John Mackey, CEO of Whole Foods with a Money Quote saying we need to differentiate between needs and wants and then include them both into our greater purpose. John Mackey said:
 

 

“Just as people cannot live without eating, so a business cannot live without profits. But most people don’t live to eat, and neither must businesses live just to make profits” — John Mackey

 
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Henry Ford: Embarrassing Profits

Posted by admin on Tuesday, January 8, 2019

Henry Ford Money Quote saying any company that focuses on customer service will only have one concern, excessive profitability. Henry Ford said:
 

 

“A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large” — Henry Ford

 
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Seneca: Crime Committed by Profits

Posted by admin on Friday, July 13, 2018

Seneca Money Quote saying that those that benefit from criminal acts have as good as committed them. Seneca said:
 

 

“He has committed the crime who profits by it” — Seneca

 
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John Steinbeck: Bank Monster Growing

Posted by admin on Thursday, April 26, 2018

John Steinbeck Money Quote saying bank must constantly grow in profit and can’t stop without dying – profit and growth is their reason to exist. John Steinbeck said:
 

 

“The bank – the monster has to have profits all the time. It can’t wait. It’ll die. No, taxes go on. When the monster stops growing, it dies. It can’t stay one size” — John Steinbeck

 
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Adam Smith: High Wages, High Profits

Posted by admin on Tuesday, January 2, 2018

Adam Smith Money Quote saying business owners fully blame wages for increasing the cost of goods, but rarely believe profits have any deleterious effect. Adam Smith said:
 

 

“Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits” — Adam Smith

 
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Bernie Sanders: Get Richer by Hiding Profits

Posted by admin on Monday, November 6, 2017

Bernie Sanders Money Quote saying in reference to the leak of Appleby law firm data that shows how the wealthy hide profits in offshore tax havens to avoid paying taxes on them. Bernie Sanders said:
 

 

“[Paradise Papers] shows how these billionaires and multinational corporations get richer by hiding their wealth and profits and avoid paying their fair share of taxes” — Bernie Sanders

 
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Adam Smith: Pernicious Effects of Gain

Posted by admin on Friday, April 21, 2017

Adam Smith Money Quote saying retailers complain of the high cost of wages but never of profits. Adam Smith said:

Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people
— Adam Smith

Elayne Boosler: Newspapers Cut Comics

Posted by admin on Thursday, March 30, 2017

Elayne Boosler Money Quote saying with quarterly profits top of mind, young people lose comic strip sections and lose interest. Elayne Boosler said:

While editors and newspaper owners currently fret over shrinking readership and lost profits, they do the one thing that insures cutting their own throats; they keep reducing space for the one feature that attracts new young readers in the first place; the comic strips
— Elayne Boosler