Interesting tidbit about Steve Jobs’ conversation with his friend Larry Elison about not buying Apple, and about the price of integrity:
In 95, Ellison wanted to buy Apple, so he could walk Steve back in as the new owner, and they could both make lots of money. Steve convinced him otherwise. Here’s the money quote from the Business Insider article:
Ellison thought it was stupid that some “fund manager at Fidelity” would make more money on Apple’s success than he or Jobs.
Jobs responded by saying, “I think if I went back to Apple and didn’t own any of Apple, and you didn’t own any of Apple, I’d have the moral high ground.”
Ellison’s response: “Steve, that’s really expensive real estate, this moral high ground.”
Most people overestimate the value of money. The wise know to give up a little money, or even a lot, for the infinite returns of not having to compromise.
It’s a luxury, it has a price, but it’s worth it. I’ve once walked away from a years’ salary with my integrity intact… And that has earned me goodwill and trust from some long-term business partners.
Have you ever paid the price of the moral high ground? Was it expensive? And how’s the view from up there?