At the state and federal level, we are so long overdue for fundamental reforms in the way we think about data ownership , privacy, and corporate governance. There's a lot of work to do there. But one place that we can startis by stopping the government from getting around the protections of requiring a warrant where they just buy
So seeing him interact with other Stanford schools. ownership and accountability, and kind of excitement over the actions and what comes next.
And he loves to talk about this overhead garage door manufacturer in Illinois that he essentially created this nonprofit called Ownership Works to give workers at companies acquired by private equity a small ownership stake.And so KKR bought this overhead garage door manufacturer.
So yeah, basically you could some people are more self-made than others, but we can't take full kind of um sort of ownership or we can't we can't blame ourselves fully for failures and wecan't also congratulate ourselves fully for successes. There's always an element of luck. There's always an element of we
This is true not just on airplanes. Ownership invisibly shapes every day of our lives.This is what our book is about-- every minute.
Number one, ownership conflicts are all around us. Ownership works as social engineering.
parenting that's beautiful I love that and it just adds this element of taking ownership for our community and dismantling these ideas that these beautiful moments in life just belongedto one subset of people right I think all of us have our own personal
wrong aspiration and nobody can claim ownership over any goal of yours absolutely now Richie there was onechapter in particular that had a line that really really struck me and it said coming out is everyday now this is a for
Number two is blockchain as means of payment and purchase tracking, crowdfinancing art, meaning using blockchain again as a tool to either buy, sell, or register ownership , or register that work of art is really original.And number three is blockchain art.
He opened his stall in the Testaccio market in July 2012. ownership and might not agree what to do with it.
what he called the PHD program which is Phobos deos program he made that point ownership in this everybody can be a Pioneer at the same time never been done before on that scale of exploration and
the long-term view is always the biggest critical success factor so the younger ownership uh International vacation a sabatical um you know buying a house going to graduate school whatever that
downward. There are cities where it's going in the opposite direction. But in general, it has been going down. So you have that affordable crisis. The home ownership rate in the United States right now is at a four-decade low. Obviously, we went through the housing crisis. And if the story ten years ago, in 2005, was that itwas too easy to get a home loan, the story today is that oftentimes for middle-class families, for folks who have an average credit score but who would be responsible, they can't
get a home loan. It's too tough. And lending to minority communities is at a 13- or 14-year low. So you combine those two things of less home ownership , more people competing in the rental market, and it adds up to a massive challenge in terms of affordable and housing opportunity. >>Eric Schmidt: And -- so what are the solutionsthat you would like to see? My understanding of sort of the HUD that you've inherited is, because you have a Republican Congress, there's not much that can be changed
So why should we care about wealth shares? ownership , grants of restricted stock and stock options.
So why should we care about wealth shares? ownership . The thing I want to emphasize is that the US government spends, as I said, trillions of dollars every five years,
was this loose, decentralized affiliation of largely computer scientists around the world collaborating in an open way; building on each other's ideas without private ownership of their ideas, without patents, sharing and building on, in a collaborative network, the kind of core ideas.Funded by the government for sure.
the way to do that is to actually give the person who has to physically enter that data the first time, give them ownership of that data. You know, in reality you already have ownership of that data in the negative standpoint, if something goes wrong, if it's entered incorrectlythe full wrath of Khan will descend upon you. You’ll be appropriately punished. But I’m
you're familiar with this as Google is the main disruptor in many of those cases we're seeing production competition Authority copyright ownership disrupted and it's basically working this way that we used to have sort ofincumbent companies now we have empowered individuals how bunch of guys like
private equity acquisitions. Um, and there's, you know, a lot of research out there that does show. PE ownership can often be associated with wage stagnation, benefit cuts, and layoffs. And on the other side, proponents would argue that without the PE intervention, many of these companies would have failed as well.
from ownership of an asset. Well, it's such an important point and I we have these dueling versions of the work
Well, the fact is it's an ownership issue because it's scarce, and people want it. And ownership is up for grabs everywhere and always when more than one person wants the same thing. Michael, let me pass it over to you.
deliberate ambiguity. Deliberate ambiguity is an advanced tool of ownership design. When ownership is ambiguous, airlines know that people mostly fall back on politeness and good manners, not law and rules. We all try to work it out between ourselves.
of ownership that the viewer feels over the material.
Cooperative ownership and cooperative movements are big in developing countries, as well as in the US.
or ownership history of the work of art, if they owned works abroad, other families could claim for looted art as well.
Private ownership of land was possible and there was kind of a sense of shared purpose.
Certainly ownership of the specialty tea farms were largely owned by-- anyone that was processing the tea--
full ownership of that company.
Take ownership of that.
of ownership that he was now really in charge, and he shifted the burden of thinking from himself onto his team.
application it's all converging right all these things are coming together we're going to redefine privacy Authority ownership value R&D production work and education pretty much everything the disruption of this is all happening and especially the idea of you know how do we actually sell and buy
own ownership is a burden you have to pay maintenance you know you the roof might go bad you you've got to worry
take ownership of all of it, you see precisely where you are on the scale. And this really gives people a tremendous
businesses like employee ownership . And we need to make sure that new
The whole point was centering the things that you want to achieve in business school and beyond, and building towards that, giving you that agency, authorship, and sense of ownership over what can come tomorrow. So there were a couple really great questions that were kind of thematically tied that I wanna reconnect with before we head into today's topic.
And so KKR bought this overhead garage door manufacturer. Everybody had a small ownership stake. They then very successfully flipped the company, and all of a sudden you had truck drivers and factory workers making like mid-six-figure payouts,
Capitalism is about ownership . You have to own an asset. If you don't own anything, if you're just selling labor in the current economy with digital and
The chapter on ownership Yeah.
Starts with ownership of an NFT.
We can also take ownership of the statements we're making.
I'm taking ownership of it.
By taking ownership of that uncertainty, by associating it with ourselves, it makes us seem more confident and it makes other people more likely to listen to us, as a result.
I feel bad taking ownership of any of it, because my gig was just like-- I go to a recording studio in Toronto or Montreal
Nobody claims ownership to it.
needs to take ownership by looking into what people really do, which is rule number one.
a significant ownership in some of these companies that can go on to be decacorns, to getting individual investors onto these tables of companies that maybe
and then ownership of the stories of where you've been and where you want to go.
So I think ownership of the conversation too is what's important.
And we're going to ask three questions to frame the first half of our talk today. Why is reclining an ownership conflict? Why are these battles breaking out now?