But first, my Special Interview Guest tomorrow is Mr. Larry Ettah, Group MD/CEO of UAC of Nigeria Plc.
No company has stood shoulder to shoulder through thick and thin with Nigeria than UACN. At 130 years, the company is older than Nigeria. Lord Lugard, Nigeria’s first Governor General was first a staff of UACN (then Royal Niger Company).
Legend has it that whenever the Governor General was away from the country, the CEO of UACN stood in for him.
As Nigeria flags off its Centenary celebrations, Mr. Larry Ettah takes us down memory lane, and what UACN stands for today.
Tomorrow’s Take Away is on the Jews, and why they are so phenomenally successful, against all odds.
Jewish Americans make up just 2% of the U.S population. Just 2%. Please don’t forget that. There are just about 6 million Jews out of America’s 300 million people.
But the achievement of this tiny group of people is astonishing.
Jewish Americans are, as a group, the wealthiest ethnic group in America.
One-third (that is over 30%) of American multimillionaires are Jewish.
25% of America’s Nobel Prize winners are Jewish.
50% of the 25 Most Powerful Women in America are Jewish.
Sergei Brin and Larry Page (founders of Google) are Jewish. Their combined stake in Google as at 2008 was over $32 billion
Max Levchin, founder of Pay Pal is a Jew. He sold the company to e-Bay for $1.5billion
And you should know this. Mark Zuckerberg, founder of Facebook is a Jew.
And not just success in wealth, business and career alone. 50% of marriages in America end in divorce. Jewish families have a divorce rate of just 12%.
So, how come this tiny group, just 2% do exceptionally well in the general population. I can only give you a tip of the iceberg.
1. They understand that real wealth is portable. And that is knowledge. A famous Jewish saying is “My brain will set me free.” They seek knowledge and study relentlessly. They attend the best schools.
2. The Jews know how to overcome adversity, wherever they are. There’s an anecdote that goes as follows:
A new flood is predicted that would destroy the entire world.
The Dalai Lama tells his followers, all Buddhists in the world to “meditate and prepare for your reincarnation.”
The Pope tells all Catholics to “Confess your sins and pray.”
The Chief Rabbi of Israel goes on TV and says, “We have 5 days to learn how to live under water.”
3. Jews are selectively extravagant but prudently frugal. Jewish people read a lot. Purchases of Hard Cover Books. In any past 12 months: U.S Average 19%. Jews, 70%. Investment habits. Purchase of stocks and bonds. General public 27%. Jews 73%.
But those that own Ford cars. Jews 7.5%. National Average 20%.
These and more in tomorrow’s edition of BUSINESS HOUR with Martin Udogie, on over 40 FM Stations across the 36 states and the Federal Capital Territory. See full list of stations, state-by-state below.
Every Saturday, 12 noon (11am GMT).
The programme is also streamed Live on www.radionigeriaonline.com.
Transcripts is published every Thursday edition of Business Day.
Warm regards.
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Martin Udogie, is on LinkedIn , Facebook and Twitter as (MARTIN UDOGIE).
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