The amazing, John Allison, who as chairman and CEO made BB&T Corporation the 10th largest financial institution headquartered in the United States, attributes the success of BB&T to the concept of Principled Leadership, based on an uncompromising commitment to fundamental values. In this talk, he explains how Ayn Rand’s ethical system can be used practically to create a competitive advantage in any organization.
“Ayn Rand would have never advocated for the kind of policies Alan Greenspan instituted,” Brook says, citing the Fed’s 1% fed funds rate in the years after 9/11 as exhibit A: “By holding interest rates for two-and-a-half years below the rate of inflation, [Greenspan] encouraged the debt and credit boom we’re suffering the consequence of” today — and for the foreseeable future.
“Or did you say it’s the love of money that’s the root of all evil? To love a thing is to know and love its nature. To love money is to know and love the fact that money is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money–and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it.
“Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it.
“Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun.
Yaron Brook of the Ayn Rand Institute discusses the Atlas Shrugged movie and the message of the novel. Notable comments: “Basically sticks to the story of the book…I went into the movie with low expectations…a lot of the movie is mediocre…characterization is not really fleshed out…complexity of Rearden character is missing…” and “When many of us read the book it changed our lives…it changed the way we thought about the world. I don’t believe anyone will walk into this movie… and walk out of it … and say my life has been changed.”