I’m glad now I did it. It took up all my middle years. I started it in 1972, and I published it in 1988, and my middle years all went into it, but I am glad I put them into it. Otherwise I’d have just been writing newspaper stories. It’s a worthy profession. It’s a good profession, but the newspaper, after it’s published, is something to wrap the fodder in the next day. ... A book sits on the shelf, and I really wanted to do this. I’m glad that I had done it.
What is one of the best or most worthwhile investments you have ever made — of money, time, or energy?
Question
How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Failure & regret
But from day one, I really wanted to build the kind of company my father never got a chance to work for. A company that honors and respects the dignity of work and the dignity of all men and all women. And that is why we became the first company in all of America to provide comprehensive health insurance 30 years ahead of the affordable care act, as well as ownership in the form of stock options for all of our employees, including part-time people because it is my firm belief that success in business and in life is best when it's shared.
Arizona State University commencement, Speakola, 2017 source ↗
Others on this question
View all 40 →
Neil Sheehan
War correspondent and author; Pulitzer Prize winner, 1989
Recorded
Academy of Achievement recorded interview, American Academy of Achievement, 19 June 2007
source ↗
Yvon Chouinard
Founder of Patagonia
I never wanted to be a businessman. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. As we began to witness the extent of global warming and ecological destruction, and our own contribution to it, Patagonia committed to using our company to change the way business was done. If we could do the right thing while making enough to pay the bills, we could influence customers and other businesses, and maybe change the system along the way.
Emmanuelle Charpentier
Microbiologist; Nobel laureate in Chemistry, 2020
And also I have to say this is also part of the reason why I approached Jennifer Doudna, also, you know, we were very much in line in the way to do very precise research. It was not … it was fast but precise, and deep. For this we recognised one another – we are the same type of scientist who, you know, want to see the details of the data.
Recorded
Adam Smith, Telephone interview recorded shortly after the prize announcement, Nobel Prize Outreach, 7 October 2020
source ↗
Ahmed Zewail
Chemist; Nobel laureate in Chemistry, 1999
My science family came from all over the world, and members were of varied backgrounds, cultures, and abilities. The diversity in this "small world" I worked in daily provided the most stimulating environment, with many challenges and much optimism. Over the years, my research group has had close to 150 graduate students, postdoctoral fellows, and visiting associates. Many of them are now in leading academic, industrial and governmental positions. Working with such minds in a village of science has been the most rewarding experience – Caltech was the right place for me.
Recorded
Laureate-written autobiography for Les Prix Nobel, Nobel Prize Outreach, 1 December 1999
source ↗
More from Howard Schultz
View profile →But in 2007, the music stopped. We had lost sight of our shared purpose and our guiding principles, in which growth and success began to cover up mistakes and a disease set into Starbucks. That disease, hubris. We lost our way and believe it or not, we almost lost the entire company.
More on money & investment
Also answered this
Mellody Hobson, Warren Buffett, Yvon Chouinard, Derek Sivers, Charlie Munger, Indra Nooyi
Search the directory for somebody in particular.
Explore further
- All money & investment questions
- Explore the archive — by field, age, era, and subject