BusinessQuotes

Konosuke Matsushita, On profit

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  • Failure to make a profit was regarded by Matsushita as ‘a sort of crime against society. We take society’s capital, we take their people, we take their materials, yet without a good profit, we are using precious resources that could be better used elsewhere.’

  • — Konosuke Matsushita, On profit
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raised in a cramped Ohio apartment where he had to sleep on pull out couch with his sister until he was 13, the firm is hte nation's largest black owned real estate investment firm, with 21 billion under management. Also, majority investor in DC United, DC's pro soccer team. He lobbied Calpers staff and board members every 6 weeks for 3 years until they finally gave him $60M to invest in a LA shopping mall in 1992.

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