Proverbs 22, Leveraged Buyouts, and the Inner Ring
Leveraged Buyouts
[7] The rich ruleth over the poor, and the borrower is servant to the lender.
One of my favorite moments in Barbarians at the Gates is when Ross Johnson, CEO of RJR Nabisco, has dinner with Henry Kravis. One of the reasons that Johnson begins by opposing a leveraged buyout of his company is that the people that lend the money impose spending controls that could reduce his lifestyle. There is great freedom at the personal level, too, if one is able to avoid debt.
The Inner Ring
[29] Seest thou a man diligent in his business? he shall stand before kings; he shall not stand before mean men.
I was recently made aware of an essay by C.S. Lewis, "The Inner Ring", which shares the theme of verse 29. Lewis concludes, "If in your working hours you make the work your end, you will presently find yourself all unawares inside the only circle in your profession that really matters. You will be one of the sound craftsmen, and other sound craftsmen will know it."
On that note, I'm going back to being diligent in my business.
[7] The rich ruleth over the poor, and the borrower is servant to the lender.
One of my favorite moments in Barbarians at the Gates is when Ross Johnson, CEO of RJR Nabisco, has dinner with Henry Kravis. One of the reasons that Johnson begins by opposing a leveraged buyout of his company is that the people that lend the money impose spending controls that could reduce his lifestyle. There is great freedom at the personal level, too, if one is able to avoid debt.
The Inner Ring
[29] Seest thou a man diligent in his business? he shall stand before kings; he shall not stand before mean men.
I was recently made aware of an essay by C.S. Lewis, "The Inner Ring", which shares the theme of verse 29. Lewis concludes, "If in your working hours you make the work your end, you will presently find yourself all unawares inside the only circle in your profession that really matters. You will be one of the sound craftsmen, and other sound craftsmen will know it."
On that note, I'm going back to being diligent in my business.
Posted by William T. Bogart on
Thursday February 22, 2007 at 9:46am