Brian Grazer, 53
Academy Award--winning movie and TV producer, Imagine Entertainment
All you really own are ideas and the confidence to write them down.
"My whole career has been built on one piece of advice that came from two people: [MCA founder] Jules Stein and [former MCA chairman] Lew Wasserman. In 1975 I was a law clerk at Warner Bros. I'd spent about a year trying to get a meeting with these two men. Finally they let me in to see them. They both said, separately, 'In order for you to be in the entertainment business, you have to have leverage. Since you have none--no money, no pedigree, no valuable relationships--you must have creative leverage. That exists only in your mind. So you need to write--put what's in your mind on paper. Then you'll own a piece of paper. That's leverage.'
Meg Whitman, 48
CEO and President of eBay
"'Be nice to people.' This sounds like a platitude, but I'll never forget my father telling me that. I was 10, and I had been mean to someone. He said, 'There is no point in being mean to anyone at any time. You never know who you're going to meet later in life. And by the way, you don't change anything by being mean. Usually you don't get anywhere.'
Dick Parsons, 56
Chairman and CEO of Time Warner
When you negotiate, leave a little something on the table.
"The best business advice I ever received was from Steve Ross, who used to run this company. Steve was a friend. It was 1991 or 1992, and I was on the Time Warner board. I was going to be coming over to the company from the banking industry, and we were talking about how to get things done. Steve said to me, 'Dick, always remember this is a small business and a long life. You are going to see all these guys come around and around again, so how you treat them on each individual transaction is going to make an impression in the long haul. When you do deals, leave a little something to make everyone happy instead of trying to grab every nickel off the table.'
Andy Grove, 68
Chairman of Intel
When "everyone knows" something to be true, nobody knows nothin'.
"The best advice I ever got was from Alois Xavier Schmidt, my favorite professor at the City College of New York. A saying of his stayed with me and continued to influence me as the decades unfolded. He often said, 'When everybody knows that something is so, it means that nobody knows nothin'.'
"Our little research group at Fairchild [Semiconductor] some 40 years ago started to study the characteristics of surface layers that were the heart of modern integrated circuits. At that time, 'everybody knew' that surface states, an artifice of quantum mechanics, would interfere with us building such chips. As it turns out, nobody knew nothin': We never found any surface states; what we found was trace contamination. When we identified and removed this, the road opened up to the chip industry as we know it today.
Peter Drucker, 95
Business consultant
Get good--or get out.
"The most important instruction I received was when I was just 20 and three weeks into my first real job as a foreign affairs and business editor of the large-circulation afternoon paper in Frankfurt. I brought my first two editorials to the editor-in-chief, a German. He took one look at them and threw them back at me saying, 'They are no good at all.' After I'd been on the job for three weeks, he called me in and said, 'Drucker, if you don't improve radically in the next three weeks, you'd better look for another job.'
"For me, that was the right treatment. He did not try to mentor me. The idea would have been considered absurd. The idea of mentoring was post
Check out this website I found at
money.cnn.com
Comments [0]