American - Businessman | August 1, 1940 -
Any dope with a checkbook can buy a company. It's what you do afterward that matters.
Henry Silverman
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I'm on the Business Roundtable, the CEOs of the largest 100-odd companies in the country. Most of these people wanted very much to be the CEO of a large public company but realize that it's not exactly what they had anticipated, for lots of reasons. One is competition has gotten a lot worse, and more global.
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I've always dreamed of franchising an airline, but I haven't been able to figure out how to do it.
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When you are buying companies, everyone in the company feels very good. Their chests are puffed out. At Blackstone, I used to tell people that there is nothing more fun than buying a company with somebody else's money. The business is growing, which creates more opportunity for your employees.
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