Today I want to talk about the subject is a rather painful subject us, that is, the earthquake in Sichuan. Of course, the process for the Sichuan earthquake and the PLA's brave, ordinary people suffering, I do not need to repeat here. Although this is now over for some time, but I believe that the hearts of everyone are hard to heal the wounds of an, including suffering compatriots, including the majority of the people, so today do not want to talk about some of this which we already knew disaster, as we have reported a lot, I would like to take this opportunity to be a reflection of all these people to reflect on what?
I read a paragraph to give you a listen. The first, in the meantime, Wang delivered a speech, Vanke donated 200 million Internet users criticized him enough to donate, he said a word, he said, should be the burden on businesses and individuals. Ma said that in fact this is not him saying it, this is his 2006 spoken words, charitable donations, I think one yuan is enough. talk, I ask you, if one day you, like Ma and Wang have made the same position, you will not speak the same words? You tell me.
you today, you criticize the liberal and meaning are words, but why they say this, I have no sympathy for these words, but whether I am a professor, I must be a just a big history point of view about the crisis in our culture, the level of users is enough, indeed, my personal experience, a nationwide state-owned enterprises in 2004, when the great debate, I found the comments of a very high level users, and users and some theory for thorough, basic than our economists, so I am friends I could never ignore the views of the Harvard community (harvardbbs.com) One user said something which I am very touched, he said something to the Wang, I believe He was not abusive, but every word is worth reflection. He said Wang, regardless of how many you have conquered the peak, but your heart is high, but a mound.
spoke these words very well, if I say, I can not write such a level of things. I might say how how you son of a bitch. For Ma is concerned, the national line (NationOnline.com) A written is also very good friends, he a little curse, he said, your mind and you look the same. I found that quite humorous users, but also a netizen was calculated that 200 million is the number of Vanke's profit? 4 of the 2007 extreme profits, 0.04% of the profits earned so much money, to 0.04% of the profits brought relief, while friends and forget that 12 Wang spent 36.84 million yuan climbing, the annual salary is how much ? 6.9 million yuan, which is written by friends, where I do not do OK.
I would like to address this topic and talk to you about this heavy topic. In addition to Vanke, and Alibaba, the cut-off date to May 21, several large international companies, especially in China's big companies make a lot of money does not donate money, Coca-Cola, KFC, McDonald's, Nokia, LV, Daikin , Procter & Gamble, Motorola, I believe that under the pressure of friends, I think they will donate the future, although I am not sure, because at least as of today, the U.S. government donated 100 million dollars. These multinational companies seem to not care, it seems that our entrepreneurs for relief there are different views on this issue, but I still have to show their position, I am not here to curse, I think from the culture, from history to talk about .
I would like to talk about who? Talk about imperialism, capitalist countries of the two entrepreneurs, one is Bill Gates, Warren Buffett is one of the two of them is not a simple concept of professional managers, they are actually a few hundreds of millions of listed companies has rich, especially Bill Gates, has been ranked the world's richest man, Warren Buffett is also the same. The two men are interesting, they act to form a very large gap. Bill Gates and Warren Buffett set up a different foundation, called the public welfare fund, called the Gates Foundation, Bill Gates, the Spirit of the Foundation, he donated all his property was the foundation not only that, he also issued a statement on television, he spoke a word I was very touched that he that wealth is taken from the community, to repay the society, he was just to help you manage the wealth of it. This is very strange, then, we often think of my wealth creation, how called my management, I created my management, so to see if Bill Gates is not a problem, he said he only gave his children to stay one million dollars each,
monster pro headphones, support them through college, he the father's responsibility to do that, and after that they have the means to survive, Buffett a few years ago also put millions of dollars donated to his foundation into his thinking and is the same as Bill Gates , and made me feel surprised that President Bush had intended to reduce or abolish estate duty.
entrepreneurs I think we must be happy, more than abolition of estate duty if the country is good, I can put my property to my son, my daughter, very good thing, so the Chinese people in our ideas which have always regarded the abolition of estate duty if President George W. Bush, then the most excited to be Bill Gates gay, and he most money, this is our way of thinking, but subsequent development is not like this, we find Bill Gates Yates and Warren Buffett published a joint ad, ad says so, and he said we can not agree with the president's view, he said, the result of abolition of estate duty is to make young Americans lost their chance of fair competition, and therefore to the long-term U.S. development, we can not agree with this policy, you think Bill Gates is not crazy.
policy clearly in your favor, and certainly the United States Senate House of Representatives by a legitimate legislative act,
Dre Beats Headphones, what are you doing? You in the end in mind? Please note, I did not praise Bill Gates, I do not blame our entrepreneurs, I just want to please think about it, they are all human beings are capable entrepreneurs, so why they think different? And I'll tell you, this is not the question of right and wrong, you do not think that Bill Gates is right, we are wrong, is not so simple, but in the end why they think the problem? We do not take a
sword arbitrary sway of morality, because it is very easy, when you're poor, you can do what you want to do any, but I want to be here today to you a inspired, first of all talk about, I most like to talk about history, but many people love to listen to me talk about history, because I came out about the history, many people are first heard, and learned the history with you are not the same, so the history of the Special nicely. So from the first to talk about this kind of entrepreneurial spirit in the West, or so on! From the modern enterprise in the West over how, under the category of why this culture has this idea, and we have different ideas? So I took you back to the past history of them. What time do we return? We returned to the 10th century BC, 10th century AD we find the first group of entrepreneurs, nurtured, because Co is in the 10th century AD established, when the Catholic Pope in the 9th century, when there is such a faith.
you afraid of hell after death? Afraid, afraid of no less than how can it? Church to donate your property to show loyalty to God, can not go to hell, so many rich people put in money to die before the church, to the 10th century AD, Britain 60% of the land belong to the Church, but they are not able to operate the clergy, and not to the next generation, how do? So the creation of the modern Corporation. How created? That is to hire professional managers to run the church enterprises, these professional managers who are managers, and owners of these companies is who? The church, so this confirmed what? Separation of ownership with the management of the first step in this system is definitely not good, but the church is a business under the inevitable.
Members please note that these enterprises are professional managers who, you know the English, we translate professor is not it! At that time, the English, not the word, only this, that is, Profess, what does that mean? Professionals, in the 14th century AD, when professionals can be used to describe when a group of enterprises that professional managers, that some people when a professional manager is what faith? Think about it. Their efforts to run a business goal?
service people to love God, and understand what I mean? They have such a kind heart is a strong sense of responsibility, they are believers, are assigned by the church's most elite Profess, they are purely technical personnel, professionals, and they make good company, to the glory of their God, And that, you say that God always in their minds not to eat you, drink you, is not so simple! I do not advertise, because God loves show people that they had been told, I just put this history repeated, so in the end you find these Profess, the church business professional manager, he became a professional manager, the is how he thought such a sample has a responsibility, that is, fiduciary responsibility, to care for God, love people, and this is the Corporation's premise.
when we introduce the concept of Co, I would like to ask you, how many people understand the background? If I did not say, perhaps you never know, because we like reading Chinese is not a nation, I wonder why? And the Chinese people on the basic concept of Western history is not too deep, we fully do not think that Bill Gates how to find how the roots of such thinking, I can tell you that they come from the predecessor to this, because it is God business, so start the whole ethics, social responsibility is that, as the Corporation's growth, and that is when the professional managers play your fiduciary responsibility to God, you have to give the whole community, the people, that is God people love to create wealth, it is they want to do, you may think this is big, this is a myth, you know why? Is so because we do not educate our people's.
we know how we educate our people? I tell you it, you must have felt very sad after hearing, a bitter feeling. That many of our experts said, state-owned enterprises do not, because things are not your own, so do not, also proposed a That is not his business, so do not. As it will gradually melt like popsicles, and its light so that he completely melted, it is better not to melt in the light before he sent to state-owned veterans, called the NBA, and CEOs of private enterprises, he can do well, things can only do their own well, not their own can not do it, this is what we are taught, you have not found, at this point we have separated, in this education, we do the traditional virtues of Chinese culture and the fine, right and wrong no deposit criteria lightly, do you think is the biggest victims of state-owned enterprises it? Wrong, the biggest victim of the real you see private entrepreneurs, private entrepreneurs, businesses do you think is your own? I would like to ask everyone to not employ vice president, manager, chief? To, I would ask you, though you own the private enterprises, but are not part of the professional managers hired you people? Not, of course, does not belong, and ask you, since things are not theirs, they can not do a good job is not it? So now tell you, they just do not do well, and this is why the bosses of private enterprises is always lamenting that his employees not for his sake, he often had this feeling, feel? No one wants to work for the company's real hard, my words right now, like many young people now to do a couple of years later, his boss wanted to go, he definitely did not expect this company to his training, the boss or the company he wants to do to shareholders as a Profess his responsibility, he thought of it? He thought of myself as well as you, I like anything important, because things are not your own can do bad things if their own before they can do well, so who I love? I love my family, I love myself, I love the money I have in hand. Social responsibility it? Trust responsibility? His people's responsibility? Not important.
I can tell you, from this step onwards, our blood and the blood of Europeans have a different, and their blood is left behind by the fiduciary duties of religion, and our blood is a self- center. In fact, I talked about here, everyone has understood, in this environment, Wang Ma or so speeches, you feel strange? Right ah, ah He said that money can not be his burden, as also ah, the entrepreneurs do not have the ability to do charity, because charity is another matter, not light themselves, but should be doing? And should be used to expand production, make more money, to whom? To yourself.
seems to make sense now! This fostered a culture of entrepreneurs to this level, we do not find it strange that you understand what I mean? Why not donate money there are Coca-Cola? Why not donate Motorola in China? You make so much money. That they did not Profess, they do not have professional managers of the trust responsibility? Than not, the situation is very complicated. And from the history of Europe began to speak, and this one superb refined fiduciary responsibility, will be with the rich and the collapse of this society, so noble in the 10th century business philosophy of the church to suddenly collapse after the 14th century, as more money , and more money to start doing? To think only of oneself, to be romantic, they have to sing karaoke OK, go to nightclubs, just their own, others not important, so from the European Middle Ages, 14th century and today's China,
bose headphones, you find similar to this one by the from the fiduciary responsibility of religion no.
modern enterprise is how it happened? Although I do not deny that the modern enterprise with a history of tradition, this church's heritage business, but I tell you, the modern enterprise is the result of the 10th century to the 13th century the idea of the church, has been the transition to the 14th century to the 18,19-century Dark Ages, we only for his own plan, to the 19,20 century, so companies like this Coca-Cola entered a new stage, what stage? Think about it. This history is very important that the U.S. government from 1890 began to antitrust,
Beats Headphones, the U.S. government from 1890 to lay a This is different from the early, early spontaneous, 19th century is compulsory, and how to force, this is my own research, my article three years ago published in the European financial of my subject was a bargain , who control the U.S.? In English, who controls the United States? I was to find information is like this, the U.S. government use of Let us cash in low yield under the high price-earnings ratio, so that U.S. companies from the public over the family business into a holding company, understand? So today we see all public listed companies in the United States holding company, in fact, the U.S. Government. This kind of public shareholding companies, and its professional managers through the medieval ordeal, his blood is almost with us, but also for his own plan, when the U.S. government used draconian laws, so that these are not professional managers dare to those who do not have early European professional managers of the trust responsibility. So these companies in the United States abide by the law, and he inherited the same sense of social responsibility in the past.
That is, they still want to make the community to create wealth, how to create? It through the U.S. stock market, which the public holding company to create, how to create? We think of it, that is the United States and China is not a listed company, China's largest shareholders are families, individuals, America is not, the United States most of its shareholders of listed companies are small and medium investors, therefore, the U.S. government used the law power to compel them to professional managers was asked to create wealth for shareholders of these small, if you can not do that, then Daxing wait, go to jail for such a strict, so the lack of professional managers Once fiduciary duty, were reported or arrested, then you serious consequences, not simply, to go to prison, what purpose? That is to pass down the system in Europe a thousand years ago, forcing the professional managers of social responsibility to create wealth for the society, because all of the listed companies are small and medium investors in this society, the people held, each as long as a professional manager to do his work well, as long as he earned a dollar, to be able to use the stock market price-earnings ratio of amplification to give you a few times in return, which is price-earnings ratio means it! Therefore, the company earned a dollar, and ten times his price multiples will return to each small shareholder, the United States more growth, more affluent people, understand what I mean? Because the fruits of economic growth in the U.S. stock market will be by the holding company through the mass, so that people enjoy the wealth creation.
wealth who created? These professional managers from the United States created. This group of professional managers take the 10th century and compared to professional managers, we find that the things he has done the same, what? Create wealth for the society, is that they are in this life goal. But the mentality is different. Early is the fear of God and do today? For fear of the law and do, understand what I mean? Early is the original fear of God, he has a fiduciary duty, was asked the people to create wealth for society, and today the same fear of the law so that he was asked the community to create wealth.
Here, I made it very simple, from Europe in the early, mid-term with the late, I put them in the mentality of professional managers of very clear with you, then today we place professional managers in China At what age do? That is the era of medieval Europe, all just for his own plan, you say the fear of God they have it? No, we do not believe in God, you said that our country has strict laws like the United States do not have to force them to not trust responsibility? We do not. Lacks a so-called early the fear of God, and fear of the law late, the result is all just for his own plan, so we do not wonder why there is a special product of this era.
everyone here is to understand why Bill Gates and Warren Buffett will donate all his wealth to the society, because from 1890 onwards, entrepreneurs, first generation entrepreneurs from glory economy out, the tradition of American enterprise, and this is the U.S. national policy. Out, you aim to create wealth in this life is to create wealth for the society, you're just an agent. Understand what I mean? So down such a comparison, we understand very early in Europe and later in Europe, why professional managers have this belief, why Bill Gates will tell him that we do not understand it, because this is a European entrepreneurs thousand years of history are shaped by Bill Gates and Warren Buffett. Is Bill Gates with Warren Buffett
entrepreneurs are more moral than our conscience? I do not believe it. But I tell you that we have different histories, so our entrepreneurs, like Wang, Ma, he will speak out of this,
Monster Beats Headphones, of course,
Monster Headphones, I also believe that if they speak out, they must be very sorry. More than words, and they mind their own deepest feelings, even without reservation, I said it, got into great trouble and were users of a curse, I also believe that Wang Ye Hao, Ma Ye Hao, immediately began to donate money, which is for certain.
crisis management. But I believe they will do in future, the message I get is to invest 100 million yuan Vanke said in the affected areas, free of the building. Ali Baba, I do not know the message is true or false, Ali Baba to donate 5 million, then he should donate 100 million. I can understand why they do so. Because they are not careful to say that should not say, but I told you so to speak, he would say such a thing is not a question of his own, please look at this from a higher point of the terrible phenomenon, that is, How do we nurture the historical heritage of this generation entrepreneur, you find that we lack faith in early European entrepreneurs Profess, we have a lack of entrepreneurs in the late European law. In these circumstances, they say it is not surprising that truth, but I this set of history, that was my original individuals, we absolutely can not hear out of these, the moral blame them, we moral blame does not say, we need to address the root of the problem, how I call it here?
We call on our next generation's education, we have to think about it, we have all just for their own self-interest intends to practice this right? How to educate the next generation, we think, and this terrible phenomenon to what extent? I was in Shanghai, I witnessed, I went to an alley car ride, I go in accordance with the provisions of the opposite open a car, reverse the exercise, 40,50-year-old woman with two children, on the After she retired in accordance with reason should be it! No, she is not refundable, all in their own thinking, she put the engine was shut, the key to pull down the stairs, holding her two children went upstairs, and you let us how to do this car? Although I was right, only my back, because she was not refundable, and she had gone, how do? This is the heritage of Chinese culture today, so the education of children on it? After the children go back to find my own convenience like the original, and I do everything for their own good, others die does not matter, so sad.
then this a disaster, I believe every friend would like me grief, but this disaster is that the ethical and moral aspects of the so-called right and wrong with the criteria, I think there an upgrade. Relying on these friends say, and no matter how many you have conquered the peak, but your mind is a high mound, however, would have been like this can give us the values of the wake-up call of several decades, so today we should not blame the Wang-ray with Ma, think he is not the case, you is not is the woman I mentioned fellow, and when you do wrong, you put the engine was shut, with kids downstairs, this is your next generation of children it? Did you think that when you open the door to go, when to let others take the step, sometimes I do, I do, the others with a very strange look at me, you're crazy, Professor Lang, as well as many friends asked me, Professor Lang you donated yet? I say, comrades, you know I still do not know me, you also need to ask? How could I do such a thing? How could I not donate it? But I need to tell you, do not want to say, why do not want to talk about? It is the responsibility of each of our people, and I think I do is bigger, is better than a disaster area children to donate a dime, you know I mean? What is this? It is the fiduciary responsibility of the community.
we have? So I hope that through this earthquake event, and we all citizens to reflect on our culture in the end how.
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