Quotes by Lee R. Raymond - Page 1

The main professional responsibility of a person in business is business.
Lee R. Raymond / Executive
Persons
Responsibility
Main
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There is no system that is inherently moral if the participants themselves are not.
Lee R. Raymond / Executive
Ifs
Moral
Participants
Inherently
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It is important to remember that all business has an impact on the lives of real people.
Lee R. Raymond / Executive
Impact
People
Real
Real People
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Ethical conduct is something that becomes inherent in an organization over a long period of time.
Lee R. Raymond / Executive
Ethical
Inherent
Long
Organization
Period
Long Period
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The freedoms that people have that flow from all civic institutions fundamentally come from the success of a market system.
Lee R. Raymond / Executive
Economy
Flow
People
Civic
Freedoms
Fundamentally
Market
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It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.
Lee R. Raymond / Executive
Corporations
Economic
Intertwined
Two
Corporation
No Sense
Obligations
Reference
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Without competition, the spectacular development of technology that we have seen in the last one hundred years in this country would not have happened.
Lee R. Raymond / Executive
Technology
Country
Spectacular
Years
Hundred Years
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There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels.
Lee R. Raymond / Executive
Activity
Doe
Energy
Thinking
Currently
Fossil
Fossil Fuels
Fuels
Hardly
Involve
Provided
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I find it interesting that many of the people who want to restrict fossil fuels live in well-developed countries where abundant and affordable energy is readily available.
Lee R. Raymond / Executive
Environmental
Affordable
Available
Country
Interesting
People
Abundant
Environmental Energy People
Countries
Fossil
Fossil Fuels
Fuels
Readily
Restrict
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In some of the countries where we operate, there is a tradition of corruption, in which the political elites work with business in the framework of unsavory relationships.
Lee R. Raymond / Executive
Corruption
Country
Elites
Framework
Political
Operate
Relationships
Unsavory
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The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.
Lee R. Raymond / Executive
Opportunity
Committed
Hard Work
Inherent
Merit
People
Thinking
Willing
Work Opportunity People
Market
Requires
Work Hard
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I have a great deal of difficulty with those who live in a hugely prosperous country telling people in the developing world that they should be deprived of a critical source of energy.
Lee R. Raymond / Executive
Country
Critical
Deprived
Developing
Difficulty
Energy
People
Prosperous
Great World Live
Deal
Developing World
Great Deal
Hugely
Telling
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A free economy is as essential to society as democratic political institutions. A strong market-based economy is the fertile ground for democratic freedoms that we think are important.
Lee R. Raymond / Executive
Democratic
Fertile
Free Economy
Political Institutions
Society Political Free
Essential
Ground
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We should seek a system that provides outlets for those skills and talents so that everyone can find a way to work and serve in a manner that best suits the strengths of each individual.
Lee R. Raymond / Executive
Outlets
Skills
Suits
Way
Best Work Way
Talents
Each Individual
Seek
Manner
Provides
Serve
Strengths
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It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare.
Lee R. Raymond / Executive
Country
Development
Economic Growth
Goods
Growth
Healthcare
People
Water
Basis
Bringing
Countries
Essential
Facilities
Provides
Services
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We obviously want to produce things that people want. We are going to continue to do that in an environmentally responsible way, while still being aware of the physical, scientific, and practical issues that we have to deal with.
Lee R. Raymond / Executive
Issues
People
Produce
Way
People Way Things
Environmentally
Obviously
Practical
Responsible Way
Scientific
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We have seen that in this country in the last few years, particularly on Wall Street, with the rise of the old human frailty of greed. This occurs when people begin to serve only their own needs to the detriment of everyone else.
Lee R. Raymond / Executive
Country
Frailty
Greed
Wall
Years
Begin
Rise
Detriment
Everyone Else
Particularly
Last Few Years
Occurs
Serve
Wall Street
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In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess.
Lee R. Raymond / Executive
Aspect
Cases
Choices
Dimensions
Excess
Including
Latitude
People
Right Thing
Life Great Always
Carried
Challenged
Dimension
Do The Right Thing
Great Deal
Market
The Right Thing
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He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.
Lee R. Raymond / Executive
Corporations
Customers
Ethical
Framework
Responsibility
Shareholders
Successful
Corporation
He Or She
Held
Privately
Serve
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Competition can be viewed in two ways. It can be viewed in a negative light and be seen as destructive, but one can also have the view that it is competition that drives people and institutions to higher and higher levels of excellence and, therefore, to more and more opportunity.
Lee R. Raymond / Executive
Opportunity
Light
Two
Views
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The competitive instinct is what I think drives organizations and people to become better and better. It can promote change toward progress and development, which is good for everybody. It can be the motivating force behind improvement in our social well-being that is far beyond anything we might have imagined on our own.
Lee R. Raymond / Executive
Change
Organization
Thinking
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