Alfred Sloan was an American business executive and former CEO of General Motors. He had several beliefs and opinions about money and wealth, some of which are:
- Money is a means to an end: Sloan believed that money was not an end in itself, but a means to achieve other goals. He thought that people should use their wealth to make a positive impact on society, rather than simply accumulating it for its own sake.
- Wealth should be earned through hard work: Sloan believed that wealth should be earned through hard work and perseverance. He thought that success should be based on merit and achievement, rather than on luck or inheritance.
- The responsibility of the wealthy: Sloan believed that the wealthy had a responsibility to use their resources to benefit society. He thought that the wealthy should support charitable causes and use their wealth to improve the lives of others.
- Wealth and innovation: Sloan believed that wealth was essential to fostering innovation and progress. He thought that successful businesses had a responsibility to reinvest their profits into research and development, in order to create new products and technologies that would benefit society.
- The dangers of greed: Sloan recognized that the pursuit of wealth could sometimes lead to greed and selfishness, which could harm individuals and society as a whole. He believed that it was important for people to maintain a balance between their financial goals and their moral and ethical values.
Overall, Sloan saw money and wealth as tools that could be used for both personal and social good, but only if they were earned and used responsibly.