Simon Sinek

know and we'll see whether the insurance companies can prove themselves to be trustworthy or untrustworthy are they prioritizing their short-term interests with our well-being or they're prioritizing our well-being to protect their short-term interests we'll soon find out great leaders understand this and we've seen great leaders one of my favorite great leaders bob chapman ceo barry waymiller during the 2008 recession where companies like his were laying off people all over the place

Bob Chapman made a public announcement to his company that says no one will get laid off. However, we're going to ask people to take four weeks of unpaid leave. He said, better we should all suffer a little than anyone should have to suffer a lot.

Bob Chapman made a public announcement to his company that says no one will get laid off. However, we're going to ask people to take four weeks of unpaid leave. He said, better we should all suffer a little than anyone should have to suffer a lot.

Bob Chapman made a public announcement to his company that says no one will get laid off. However, we're going to ask people to take four weeks of unpaid leave. He said, better we should all suffer a little than anyone should have to suffer a lot.

And so you start to see, it doesn't mean you can't try and save money, but doing it at the sacrifice of someone's livelihood is a last resort, not a first choice.

And so you start to see, it doesn't mean you can't try and save money, but doing it at the sacrifice of someone's livelihood is a last resort, not a first choice.

And so you start to see, it doesn't mean you can't try and save money, but doing it at the sacrifice of someone's livelihood is a last resort, not a first choice.

We have to be very careful, which is this form of capitalism we have right now is not the capitalism that made America great. This is not the capitalism that Adam Smith wrote about. This is not the capitalism that Thomas Jefferson was enthralled with.

We have to be very careful, which is this form of capitalism we have right now is not the capitalism that made America great. This is not the capitalism that Adam Smith wrote about. This is not the capitalism that Thomas Jefferson was enthralled with.

We have to be very careful, which is this form of capitalism we have right now is not the capitalism that made America great. This is not the capitalism that Adam Smith wrote about. This is not the capitalism that Thomas Jefferson was enthralled with.

This form of capitalism is relatively recent, and it's born out of the philosophies of an economist named Milton Friedman, and he theorized capitalism. that the responsibility of business is to maximize profit within the bounds of the rules. In other words, if you follow the law, maximize profit. What about ethics? That's a very low standard.

This form of capitalism is relatively recent, and it's born out of the philosophies of an economist named Milton Friedman, and he theorized capitalism. that the responsibility of business is to maximize profit within the bounds of the rules. In other words, if you follow the law, maximize profit. What about ethics? That's a very low standard.

This form of capitalism is relatively recent, and it's born out of the philosophies of an economist named Milton Friedman, and he theorized capitalism. that the responsibility of business is to maximize profit within the bounds of the rules. In other words, if you follow the law, maximize profit. What about ethics? That's a very low standard.

We see CEOs dragged in front of Congress all the time for doing horrible things, right? Some drug company raises the price of an essential drug that they have the patent on 1,000%. And they always say the same thing. We broke no laws. No, you didn't. but you're an ass, right? Like we all know that, it's obvious. The ethical standard is pretty low, right?

We see CEOs dragged in front of Congress all the time for doing horrible things, right? Some drug company raises the price of an essential drug that they have the patent on 1,000%. And they always say the same thing. We broke no laws. No, you didn't. but you're an ass, right? Like we all know that, it's obvious. The ethical standard is pretty low, right?

We see CEOs dragged in front of Congress all the time for doing horrible things, right? Some drug company raises the price of an essential drug that they have the patent on 1,000%. And they always say the same thing. We broke no laws. No, you didn't. but you're an ass, right? Like we all know that, it's obvious. The ethical standard is pretty low, right?

And so this form of capitalism, this definition of the responsibility of business was embraced in the 1980s and 90s. And that's where you started to see the rise of things like mass layoffs. Do you know that mass layoffs on an annualized basis didn't exist in the United States prior to the 1980s? It was existential only.

And so this form of capitalism, this definition of the responsibility of business was embraced in the 1980s and 90s. And that's where you started to see the rise of things like mass layoffs. Do you know that mass layoffs on an annualized basis didn't exist in the United States prior to the 1980s? It was existential only.

And so this form of capitalism, this definition of the responsibility of business was embraced in the 1980s and 90s. And that's where you started to see the rise of things like mass layoffs. Do you know that mass layoffs on an annualized basis didn't exist in the United States prior to the 1980s? It was existential only.

Like the company's going out of business, we got a layoff, you know, 20% of the workforce. Now it's like, We missed our profits. We're profitable, just not as much as we wanted to, so you get to lose your job. That didn't exist. The concept of shareholder supremacy and short-termism, it's all relatively recent. And so we don't want to throw the baby out with the bathwater.