20241003 Henry Kravis 6

Jerry, George and I left Bear Stearns to start our own business in 1976. This is our old office in New York City.

Entrepreneurship cannot be stifled: Henry Kravis (6)

'Paddle as fast as you can or you're going over the falls!'

"Eat what you kill." This is how we described the culture at Bear Stearns. I think this is part of the reason Bear Stearns no longer exists.

It was a place where individual employees competed with one another, and there was no sense of sharing credit or succeeding and failing together. George and I would talk about leaving the company someday because this mentality was wholly incompatible with our values.

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