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Human capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven it can only be attracted.

Walter Wriston

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Walter Wriston
Age: 85 †
Born: 1919
Born: August 3
Died: 2005
Died: January 19
Banker
Middletown
Connecticut
Walter Bigelow Wriston
Stay
Cannot
Wanted
Wells
Human
Attracted
Humans
Capital
Well
Treated
Driven

More quotes by Walter Wriston

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Capital goes to where it can escape taxation and be used to pay employees in sacks of rice.
Walter Wriston
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When you retire you go from Who's Who to Who's That?
Walter Wriston
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Banking is a branch of the information business.
Walter Wriston
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The guy with the competitive advantage is the one with the best technology.
Walter Wriston
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All the Congress, all the accountants and tax lawyers, all the judges, and a convention of wizards all cannot tell for sure what the income tax law says.
Walter Wriston
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Capital will always go where it’s welcome and stay where it’s well treated. Capital is not just money. It’s also talent and ideas. They, too, will go where they’re welcome and stay where they are well treated.
Walter Wriston
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I walk into all these organizations, and I'm always puzzled when I realize that people still want to be there. Most people really want to love their organizations. We need that level of commitment ... Yet organizations have done very little to deserve that kind of staying-power.
Walter Wriston
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Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.
Walter Wriston
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All of life is the management of risk, not its elimination.
Walter Wriston
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Information about money has become almost as important as money itself.
Walter Wriston
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It is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.
Walter Wriston
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Information about money is more important than money itself.
Walter Wriston
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Capital goes where it is welcome and stays where it is well treated.
Walter Wriston
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Risk is not a dirty word.
Walter Wriston
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Failure is not a crime. Failure to learn from failure is.
Walter Wriston
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There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.
Walter Wriston
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A country does not go bankrupt.
Walter Wriston
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If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.
Walter Wriston
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The person who figures out how to harness the collective genius of his or her organization is going to blow the competition away.
Walter Wriston
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Rising prices or wages do not cause inflation they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.
Walter Wriston