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This was a pretty unusual objective for a company with no capital and with no people and no anything.
通常一个公司不会定这样的目标,如果没钱，没人，一无所有。
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I actually think there's something to be said for the fact that if your a company, let's say, starting up,
我其实觉得这应该使人关注，如果你的公司，也许在创业的阶段，
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You can--when you set up a corporation there are different kinds of relationships that people might have with a corporation.
当你建立一家公司时,人与公司之间,就会有千丝万缕的关系
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And we like people who is competent, who can do the job that we require them to do.
第二，能够胜任工作，也就是能够完成公司要求的工作的人。
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Is it all of us or should the beneficiary is our public policy, is those who have already had manages or privileges or multinational corperations or corperation procisely.
是我们所有人吗？,还是公共政策的制定者？,还是仅限于有特权的人？,或者跨国公司或其他公司。
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How many of you would guess that Unilever is the world's largest food company?
有多少人认为,联合利华是世界上最大的食品公司
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I think most of us don't believe that two firms is enough to make it a perfect competition, that the regulator shouldn't worry about the third firm.
我想大多数人不相信两家公司,就足够产生完全竞争,不相信监控者不必调查第三家公司
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I think it's a remarkable dynamic that Mark started this company in 2004 and that first generation the first nine or ten years of the Internet did not have a Facebook-like company that was thinking through it in a simple way.
我认为马克在2004年开办的这个公司的影响巨大,因为互联网初期的那代人用了九、十年,都没能创办一家像脸谱网一样的公司,能用简单的思维考虑问题。
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There's no company that's making smallpox vaccine anymore because there's no reason to make smallpox vaccine, because nobody would buy it, right?
没有公司还生产天花疫苗,因为没有人购买天花疫苗,因此早就没有理由继续生产它了,对吧
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And I actually think it's probably important for anybody who wants to do a startup, anybody who wants to join a place like Microsoft and work on an established or a new product.
实际上我想这对任何想创业的人,来说应该都很重要，任何想加入微软这样的公司,为新老产品工作的人都是这样。
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And we hired folks from other companies.
从其它公司招人。
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The partners were dependent for their retirement on the prosperity of the firms they left behind and the customs and culture they left behind, and the places were much more responsible and honorable.
合伙人的退休金取决于,他们留下的公司的繁荣程度,以及他们给公司带来的制度和文化，这些公司是非常,负责任而且受人尊敬的。
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At least if we look at the statistics, just about every single one of you, after you leave Harvard,will join an organization, an organization that is a social enterprise, not for profit,something to better the world.
看一下统计数据，你们每个人，离开哈佛后，都将加入公司，这个组织是个社会企业，非盈利机构，只为贡献社会而存在的。
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Let's consider a business as sort of a person who is owned, like a slave, who is owned by other people.
我们假设公司是一个被人所有的人,比如奴隶,他们隶属于奴隶主
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As long as we never start paying a dividend, then we're just a young company and nobody asks any questions.
如果我们一次都不分红,我们只是家新公司,没人会有疑问
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Mr. Carl Icahn: I think the answer is that most of them have to leave the company.
卡尔·伊坎先生：我觉得答案应该是,他们大多数人都应该离开公司。
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The board hires the president or chief executive officer and other top officers of the company and they serve as employees of the board.
董事会雇用首席执行官,以及公司的其他高层,这些人就是董事会的雇员
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They're the ones--there are other people who have contracts with the company, like the employees, but the employees are not shareholders; they are receiving salary or something else.
还有其他,和公司签订了合同的人,像员工,但员工不是股东,他们拿工资或其他东西
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Well, if they're down-rated, then nobody trusts them anymore as insurance companies.
好吧,如果他们被降级了,那么没有人会再信任这些保险公司了
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Someone suggested that we should bring in corporate regulators as well.
有些人建议,我们也应该引进公司调节器。
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If you have that sort of high-level, this is where we're going, this is the vision, this is the next 30 days and three months and six months and a year maybe, it makes it very, very easy to set priorities and for all of the edges of the company to set their own priorities to do the right thing.
如果你做到这么高水准的内部交流，就与我们的前进方向不谋而合，这就是未来，这是接下来30天,3个月，半年或是1年的前景，这让公司各部门的人,做正确的事,设立工作重点,变得非常容易。
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If it suddenly goes up right after they're issued you kind of suspect that something is screwy here.
但如果在公司公布奖励之后股价就马上升高,这不禁让人怀疑其中有些猫腻
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They have to contend with something called moral hazard, which is the risk that people will be affected by the fact that they're insured and do something bad.
保险公司必须应对道德风险的问题,也就是说,有些人可能会因为购买了保险,而动了歪念来骗取保费
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Boards always want to keep their price of a share up because if it starts to decline, the company could become a takeover target; it's viewed as a failure etc., etc.
董事们想将股价维持在高水准上,因为股价一旦下滑,公司很可能会成为收购目标,被人看做是决策失误等等
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In general, if you're watching an action movie and there's a car chase and the trucks and cars are crashing all over the place, and let's say a Budweiser truck shows up in the scene somehow, well people are very likely paying for that.
如果看一部动作电影中有汽车追踪,以及卡车和汽车到处碰撞的场景,就说在电影里出现的是百威的卡车,这家公司的人很有可能为这个场景花钱了
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I know a number of people in this room probably have the similar company in mind, which is Apple.
我知道这个房间里的很多人可能都从,这家公司汲取灵感，它就是苹果。
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These public-private distinctions are onerous -are offensive--to some people because it seems like the government is acting like a parent.
公共和私募公司之间的划分有些繁琐,对有些人来说有些冒犯的意味,监管机构像是在扮演父母的角色
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And an interesting piece of data is that the students reported that one of the primary values that they got out of the course was the opportunity to get to know people throughout the company that it would take them years to get to know on their own.
一个有趣的现象是,学生们报告称,该课程带给他们,最大的收获之一就是,借此机会认识了,全公司的人，而今后,他们会继续加深了解。
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So for most of you these decisions will be a question of whether you spend 20 hours a day at the firm or 21 hours a day at the firm, something like that.
对于大多数人来说就是要决定,你每天在公司工作20小时,还是每天工作21小时这样的问题
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