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President Trump has exposed the dirty secret of drug pricing: There is a shadowy third player in the transaction between patients and their pharmacists: middlemen who have taken a big kickback from the drug manufacturer, which may or may not be reflected in patients' out-of-pocket costs.
Patagonia, a large apparel manufacturer based in Ventura, California, has organized itself as a 'B-corporation.' That's a for-profit company whose articles of incorporation require it to take into account the interests of workers, the community, and the environment, as well as shareholders.
A company logo may be the last thing cost-conscious CEOs focus on when they're looking to jump-start growth. Which is perhaps why it took more than two decades for White Mountain Footwear, a privately held shoe manufacturer based in Lisbon, N.H., to finally give its own emblem some serious thought.
In the '90s, I went on eBay to buy some paddle tires for my four-wheeler ATV and couldn't find any. When I did find a manufacturer that sold them, I bought 20,000 and had no problem reselling them. So the next time you get mad when you can't find an item, realize there's a market waiting to be explored.
I am a follower of Jesus Christ. The Bible is my primary way of knowing Him and what it means to follow Him. And I am a pastor, and I teach and preach the Bible to my congregation every week. But the Bible is not a manufacturer's handbook. Neither is it a science textbook nor a guidebook for public policy.
My second business would have succeeded but for competitors' jealousy. I was selling motorbike gear cheap, but the people I was undercutting complained to the manufacturer and cut off my supply. It showed me how corrupt business can be. When I sold phones, the same thing happened, but this time I was ready.
I think, as a tire manufacturer, you need to deliver a product that, up to a certain specification, needs to hold the loads and the speed. But you want a tire which degrades in performance so the races are not boring, while at the same time, you want it to have peak performance. All together is a very difficult task.
I never considered the clothing business in college. But my father was a manufacturer of men's wear in the Northeast and wanted to investigate manufacturing in Asia. In 1972 he sent me to Japan, Taiwan, and Hong Kong for four months. I'm convinced it was his way of getting me into business, rather than letting me be a hippie.
The thing that really struck me was how many firms that we think of as strictly civilian had ties to the Pentagon. Companies like Apple, Starbucks, Oakley the sunglasses manufacturer. Even Google, and a lot of big corporations like PepsiCo, Colgate-Palmolive, and Nestle, that you don't normally think of as defense contractors.
A lot of the car companies are understandably looking at the terrific job that Toyota has done by partnering with NASCAR and the success and all the things that come along with that. They've been an incredible success story for a car manufacturer looking to come into a sport that's very difficult to come in, compete and win every weekend.
Megaupload was a dual-use technology. You can use it for good things, and you can use it for bad things. If someone sends something illegal in an envelope through your postal service, you don't shut down the post office. If someone speeds with the car he just bought, you don't go to the car manufacturer and say, 'Hey, we're shutting you down.'