Duff McDonald Quotes & Sayings

The goal [is] not only to earn high returns at the top of the cycle but also to avoid giving them back at the bottom. — Duff McDonald

Any chief executive who hires a consultant to give them strategy should be fired. — Duff McDonald

When you're in a commodity business, the only way to thrive is to be a low-cost producer. And when you're selling money, you're in a commodity business. — Duff McDonald

Enron followed the unwise practice of paying bonuses based on forecasted profits, not actual cash flows, a system that posed a problem remarkably similar to the R&D issues Gluck and his colleagues had solved at Northern Electric years earlier. In short: You can forecast anything. Delivering actual results is a different story. The emphasis on forecasts also neutralized Enron's so-called risk-management group, which became a shrinking violet in the face of ever more outrageous estimates. — Duff McDonald