MANAGING A CONGLOMERATE
"What makes out blue-chip companies
from others is that they have perfected the art of hedging to know how
to avoid unnecessary risk, despite the instability in the system. the
first component of our hedging strategy in John Holt is the confidence
that we have been here for over a century and we are going to be here
for a longer time than that ..... the business itself is very
diversified, which in itself is a hedge against all sorts of things."
"My
credo for career progress is hard work, total commitment to your
employer and loyalty. The worker must try as much as possible to get on
with his fellow workers because corporate bodies do not thrive on
individual heroism but on team spirit."
"A
good manager must be somebody with a good basic education because a
man's world view is often determined by the level of his education."
"A
man without a good home training may be morally bankrupt, although
there could be rare exceptions. it will therefore be too risky to
entrust the resources of the society to a manager without moral
integrity."
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