Henry Kaufman

"inancial markets have evolved at least as dramatically as... manufacturing, work, technology, education, and business regulation since the turn of the previous century."

"balance sheet is a snapshot of one moment in time, and thus presents a very limited view... To be a good banker, therefore, a business is much more than its balance sheet."

"Salomon's growth over the next generation would astound even its most optimistic partners. ...And as we would all see to our amazement, Salomon's rise was reflected in broader and equally dramatic tra…"

"ood bankers understand the shortcomings of accounting and know how to correct for them."

"In 1900, industrial workers toiled 10 hours a day, 6 days a week and earning an average of $375 dollars a year. ...orking conditions were typically unsanitary, unsafe, and often fatal, and there were …"

"What fascinated me about Drucker, and still does, is how he infuses his broad perspective on business issues with philosophical and historical considerations."

"profit and loss statement is not simply a collection of figures, but rather—for the perceptive banker—a window into the nuts and bolts of the business, from its method of operation to its management p…"

"I take great pride in being an American. Consequently, when financial excess threatens our economic moorings, and thus our extraordinary dynamic and pluralistic nation, I have often spoken out for san…"