Saturday, August 27, 2016

Marchionne: “There ‘s a limit beyond which profit becomes greed” – Rai News



For Sergio Marchionne markets without morality can not create equitable society. Create conditions for a virtuous change is the real challenge of our time “to rebuild efficient and equitable economies, separate but interconnected”

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” the pursuit of mere profit devoid of moral responsibility does not deprive us of our humanity, but only has also undermine our long-term prosperity. I am therefore convinced that we are at a critical crossroads. Creating the conditions for a virtuous change is the challenge of our time “. Thus he spoke the CEO of Fca and president and CEO of Ferrari, Sergio Marchionne, the award ceremony of the Rotman European Trading Competition, at Luiss adding that “the power of the free market in a global economy is out of the question. None of us can restrain or alter the functioning of the markets and not even think it’s desirable, “said Marchionne still,” this open field is the guarantee for everyone to fight on equal terms. it ‘the only way to get access to things that we never had before . But efficiency is not – and can not be – the only element that regulates life. There ‘s a limit beyond which profit becomes greed and those who work in the free market has a duty to deal with the own conscience. ”

“There ‘a reality out there that should not be neglected,” continued the CEO of Fca, “we must all understand that there will never be rational markets, growth and economic well-being if a large part of our society has nothing to bargain but his own life. the pursuit of mere profit, free from responsibility ‘moral, not only deprives us of our humanity, but has also jeopardized our long-term prosperity. I am therefore convinced that we are at a crucial crossroads. ” “Creating the conditions for a virtuous change is the real challenge of our time,” said Marchionne, “to rebuild efficient and equitable economies, separate but interconnected. To promote globalization that is truly at the service of humanity.”

about leadership
“I personally step the equivalent of one month a year to assess approximately 1,000 leaders and set their career – said Marchionne – because I believe in the importance leadership in a visceral and religiously. My ratings are focused on two qualities that I think are essential for a successful leader. the ability to drive a program of change; change is inevitable and occurs at an accelerated pace in a ‘ era of globalization and rapid technological advances. we can not afford to blindly follow the old ways of doing things, even if they have worked in the past. ” And he concluded: “Every time you try to start a real change a chorus of cynics will tell you that it can not work or that things just do not do it that way, cynicism is easy: it takes vision and courage instead of believing in improvement. “

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