“The Mormon way of business”

I generally try to keep up with news items in the “big” mainstream media when the Church is mentioned. The May 5, 2012 print edition of The Economist had a pretty decent one-page article about the Church and how we may have an disproportionately large number of successful business people. The article talks off by talking about the “I’m a Mormon” campaign, and then says:

The snag is, not everyone will buy the idea that Mormons are just like the rest of us. They don’t get drunk. They have large families, stable marriages and a three-month supply of food in the larder in case of Armageddon. They are usually clean-cut and neatly dressed (the facial hair in the “I’m a Mormon” ads is thankfully atypical). And they have a passion for business.

Less than 2% of Americans are Mormons, yet their commercial prominence belies their numbers. Mitt Romney founded Bain Capital, a private-equity powerhouse. Jon Huntsman senior (the father of Mr Romney’s rival for the Republican crown) founded Huntsman Corporation, an $11 billion chemicals giant. David Neeleman has founded two cut-price airlines: JetBlue in America and Azul in Brazil. Ralph Atkin started a third: SkyWest Airlines. Eric Varvel is the boss of Credit Suisse’s investment bank, Harris Simmons heads Zions Bancorporation, a more local bank, and Allan O’Bryant runs the Japanese arm of Reinsurance Group of America. J.W. Marriott runs the hotel chain his father created. Had Max Weber lived a century later, he might have made sweeping generalisations about the “Mormon work ethic”.

There obviously isn’t really a spiritual slant to the article, but I always find it interesting to read what others think about us and how we are perceived.

Published by Graham

Former YM President, EQ President, Bishop, and Stake Institute Teacher. Now back to being the YM President. Happily married to Lisa, with 3 beautiful children.

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