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BW Businessworld

Verbatim: Quotable Quotes

What Tim Cook, Lalu Prasad Yadav, T. V. Mohandas Pai, John Chen and Arun Jaitley, among others, said

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“Google has just completely lost its mind when it comes to focusing on the user. They’re doing whatever it takes to preserve that monopoly, and it’s sad”
— Jeremy Stoppelman, CEO, Yelp, accusing the search giant of “stealing” Yelp’s content, as well as harming consumer interests

“You can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields”
— Tim Cook, CEO, Apple, stressing that “it’s skills”, and not lower cost, that lured his company to China

“Many of them will die because they are not competitive. They are being kept alive by dollars of money”
— T. V. Mohandas Pai, chairman, Manipal Global Education, on the start-up scenario in India

“It is an essential aspect of the ease of doing business. Just as entry into business must be easy, for those who become insolvent or bankrupt rather than allowing bankrupt or liquidated asset to be wasted and frittered away, there must be an easy formulation of an exit”
— Arun Jaitley, finance minister, India, moving the Insolvency and Bankruptcy Code, 2015, in the Lok Sabha

“It is ironical that Railways have decided to ride on a white elephant like a bullet train at a time when it is facing its worst ever existential crisis”
— Lalu Prasad Yadav, former chief minster of Bihar, criticising Prime Minister Narendra Modi for the decision to invest Rs 1 lakh crore in the bullet train project

“We are indeed in a dark place when companies put their reputations above the greater good”
— John Chen, chairman and CEO, Blackberry, criticising Apple’s position that granting the authorities access to a suspected criminal’s mobile device would “tarnish” the iPhone maker’s image

“For me, this obsession with unit sales and the ambition to constantly reach new records makes no sense”
— Matthias Muller, CEO, Volkwagen AG, in an interview

(This story was published in BW | Businessworld Issue Dated 11-01-2016)