Capital will go where it is wanted, and stays where it is well treated. It will flee from onerous regulations of its value or use, and no government power can restrain it for long. Far more than any other form of capital, intellectual capital will go where it is wanted, stays where it is well treated, and multiply where it is allowed to earn the greatest return.
Attributed to the late Walter Wriston, former Citibank CEO, and known to the late Sardar Shroff.
Walter Bigelow Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman and CEO of Citicorp. As chief executive of Citibank / Citicorp (later Citigroup) from 1967 to 1984, Wriston was widely regarded as the single most influential commercial banker of his time.
Information about money has become almost as important as money itself
Countries don’t go bust
The 800 number and the piece of plastic have made time and space obsolete
The Eurodollar market exists in London because people believe that the British government is not about to close it down
It is inconceivable that any major bank would walk away from any subsidiary of its holding company. If your name is on the door, all of your capital funds are going to be behind it in the real world. Lawyers can say you have separation, but the marketplace is persuasive, and it would not see it that way.