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Lee R. Raymond Quotes

American - Businessman | August 13, 1938 -

He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.

Business Responsibility Small She

We should seek a system that provides outlets for those skills and talents so that everyone can find a way to work and serve in a manner that best suits the strengths of each individual.

Work Best Suits Find Skills Way

It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare.

Growth Water People Potential Drink

A free economy is as essential to society as democratic political institutions. A strong market-based economy is the fertile ground for democratic freedoms that we think are important.

Society Free Strong Think Political

The main professional responsibility of a person in business is business.

Business Responsibility Professional

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

Business People Impact Remember Real

It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.

Talk No Sense Two Without Economic

The freedoms that people have that flow from all civic institutions fundamentally come from the success of a market system.

Success People Flow Civic System

In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess.

Life Great Do The Right Thing People

We have seen that in this country in the last few years, particularly on Wall Street, with the rise of the old human frailty of greed. This occurs when people begin to serve only their own needs to the detriment of everyone else.

People Greed Rise Country Wall Old

There is no system that is inherently moral if the participants themselves are not.

Moral System Themselves Inherently

The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.

Work Opportunity People Work Hard

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