Political Quotes

On the recordJune 12, 2002
it is kind of interesting, when I come back and we do our next Special Order on this topic, I will bring along a copy of an op-ed piece written by Jack Colson, because that is exactly the question that he asked, which is who is training these clowns? Because the message that clearly is being taught in many of our business schools, it is okay, as long as you do not get caught. No harm, no foul. I sell you $1 billion worth of energy, you sell me $1 billion back, immediately after that, we are now both a $1 billion company. If we do it twice, we are each a $2 billion company. If we do it 4 times, we are a big company now. We have not created any profit, we have not created anything, and no harm, no foul, but we have now just presented to the American public that we are both a $4 billion company. That is what these folks did, and for one of these companies, it was 80 percent of one of their division's volume, bogus trades, just trading it back and forth and 2 companies saying, wow, look how big we are. Somewhere in the business schools, they said, well, as long as you are not breaking any laws, it is okay. Game the system, and do not worry whether it is really not right, but game the system and you are okay as long as you do not get caught. And the bottom line is, for many of these people, it has gotten to be an issue of greed. This head of the TYCO, and I have a passion about this TYCO company.…
Said by
Pete Hoekstra
Michigan

Editor's note · Context

Discussing unethical practices in business schools and corporate greed.

Share

More from Pete Hoekstra

Jul 22, 2026

I thought the Ontario ad campaign was outrageous, calling it the first time in the U.S.’s 250-year history that a foreign government has tried to influence the outcome of upcoming elections.

nationalpost.com
Jul 5, 2026

I’m optimistic we open the bridge relatively soon

globalnews.ca
Jul 21, 2026

This relationship is so critical.

cbc.ca
Jul 5, 2026

Americans are contributing significantly more than half of the revenue that will pay back however Canada financed this

globalnews.ca

Other voices in this conversation