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Who Will Defend the Rights of Businessmen?




Press Release from the Ayn Rand Institute




IRVINE, CA--In the glare of national publicity, altruism always trumps selfishness. So it is very surprising that we haven't heard that Richard Grasso, chairman of the NYSE, was advised to give his $44 million to charity instead of giving it back to the Exchange.



Maybe it is too late for Mr. Grasso to do the right thing with his money. But there will undoubtedly be other overpaid executives, and to them we offer the following advice:



Ignore the demands that you give your money back. You should receive full payment of the compensation your company agreed to, every penny of it. And then perform a seemingly altruistic act. Donate your over-paid millions to a charity--but not just any charity. Give it to a nonprofit organization that denounces altruism and passionately defends your right to keep what you earn, if you so choose. This organization should defend property rights. It should combat the smearing of businessmen as evil exploiters. It should view businessmen as among the best of mankind because they help sustain civilization with their minds, their creativity, and their pride in their ability to produce. The organization should educate the young about the virtues of the profit motive, a motive that has been the engine of human progress and the greatest benefactor in human history.



But where can one find such an organization?




Dr. Yaron Brook, executive director of the Ayn Rand Institute, has the answer to that question and is available for interviews.

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