Larry Ellison Quotes
We’re far behind [Microsoft]. They are 3 time bigger than we are. They have a monopoly and we don’t—darnit!
This is an important quotation because Ellison, one of the best businessmen in the world is also much more candid than most others. Here he admits that he strives to achieve monopoly status for his company. Almost all large businesses try to become monopolies so that they do not have to compete on price, quality, and service. Few will admit publicly that much of their effort goes towards an objective that is detrimental to the nation and society and in is in large part illegal.
Larry Ellison, Founder and CEO, Oracle, Inteview with Morley Safer, CBS 60 Minutes
Sourced by: Eigen's Political and Historical Quotations
Patents, copyrights, and franchises are but 3 common (and legal) ways of obtaining a onopoly position.See Adam Smith {627790} for a similar thought.
This volume roughly is to Islam what the Gospels are to Christianity. To most Muslims The Sunnah is a collection of holy material on the life of Mohammed. It is not of the force or importance as the Koran, but it is revered.
Boeing had the foresight to invest in the concept of Air Mail by bidding low at the beginning, becoming the best in the nation, and then raising prices when no one else can compete—a technique called “buying in”. However, he was so successful that he soon had a monopoly on all the airmail in the country. Each new airmail contract would require more and more capability and Boeing used the existing contracts to finance the R&D and training of manpower to present a better and better service. Soon, no other company could compete at any price. Boeing indeed had a monopoly but each step of the building of it he did at the request of the government or was the low bidder and saved the taxpayer money. The airmail contracts were canceled and air service was nationalized. William Boeing was so disgusted by the way he was treated in the Congressional Hearings, that he sold his interest in the Boeing Company and would have nothing to do with making planes or providing services to the government thereafter.
When Bulgaria transformed from a Communist nation to a free market, competitive economy, most of the Bulgarian businessmen assumed that the competition was to get a favored position with the government and have the government then interfere with their competitors or some other government organized advantage for them as opposed to better products, better prices, better marketing. Ironically, there are still a few areas where the modern American system is much like Bulgaria was. Local telephone and electric monopolies are two of the worst.
Lawrence Joseph Ellison is an American business magnate, investor who is a co-founder, the executive chairman and chief technology officer (CTO) of Oracle Corporation. As of April 2021, he was listed by Bloomberg Billionaires Index as the ninth-wealthiest person in the United States and as the tenth-wealthiest in the world, with a fortune of $93.9 billion, increased from $57.3 billion in 2018. He is also the owner of the 41st largest island in the United States, Lanai in the Hawaiian Islands with a population of just over 3000.
