Company Quote by John Stossel
“Competition leads both drug companies and private regulators to be trustworthy. If they are not trustworthy, they die.”
About This Quote
Source Speech: Interview on CNBC, 2005
Companies that act honestly survive; lack of trust leads to failure.
In simple terms: Trustworthiness determines survival.
Key Takeaway
Be honest to stay alive.
Themes
trust
business
ethics
competition
regulation
Mood
cautious
critical
analytical
Type
advice
observational.
When to use this quote
- startup funding
- pharmaceutical launches
- regulatory compliance
- consumer trust
- partner negotiations
Key Concepts
reputation
risk management
market dynamics
Questions to Reflect On
- How do you balance profit and integrity?
- What mechanisms ensure trust in high‑stakes industries?
A Different Perspective
If market pressures force shortcuts, trust may be sacrificed.
![“When a drug comes out [that's broadly prescribed] there are going to start to be a lot of people on it [in a million person cohort] and you might get therefore an early signal of something unexpected that hadn't come through in the clinical trials. And I'm sure [drug companies] would love it if…” quote by Francis Collins](https://sms4smile.com/quotes/img-quotes/dda/francis-collins-5281_able_when-a-drug-comes-out-that-s-broadly-pre_408526.jpg)
