Page 169 - The Way to the Top
P. 169
Frederick WARBURG PETERS
President of Warburg Realty Partnership, Ltd.
My mother recalled my grandfather, who was the CEO of Abraham &
Straus department stores, saying to her, “You should never permit your
business to pay for your personal expenses. There is more to business than
money; you have to strive to live your life as an honorable person. My
business has been extremely fair to me, and I need to be fair in return.”
These words have had a profound impact on me. In my own career, I
wanted to continue the tradition of family integrity that my grandfather
had so clearly embraced. As a result, I have never let my company pay for
a meal, a taxi or limousine, or anything else that was not clearly business
related. What I can’t afford, I don’t buy. I can’t think of a better way to
honor my grandfather’s memory.
Keep the business away from the personal
