GREATEST LIVING BUSINESS MINDS
To celebrate Forbes’ centennial, the mag amassed an A-to-Z encyclopedia of ideas from 100 entrepreneurs, visionaries and prophets of capitalism—the greatest ever collection of business essayists and greatest ever portrait portfolio in business history, among them : Bono.
Purpose-Driven Rock Star: Lead Singer, U2; Cofounder, One, (Red), Elevation Partners, Rise Fund
"Capitalism is not immoral, but it is amoral. And it requires our instruction. It's a wild beast that needs to be tamed, a better servant than master."
That's my philosophy with (RED), which partners with corporations to direct profits to fighting HIV/AIDS. The idea really came about after meeting with former Treasury secretary Bob Rubin, where he said, "You have to tell Americans the scale of the problem and what they can do about it. And you have to go about that like Nike does: They spend $50 million on ad campaigns." And I said, "Well, where are we going to get that kind of money?" And he said, "You're clever. You'll figure it out."
And we did. I realized that going to big companies and trying to break into their more modest philanthropy funds was a huge missed opportunity. It was their robust marketing and publicity budgets that we needed. Think of the creative minds in those departments -- the messaging is the most important thing in keeping an issue "hot," making it relevant. Fighting HIV is very difficult. Activists often demonize the corporate world. It's easy to do, but I think it's just foolishness to not recognize the creativity that you can unlock in the corporate world, together with the entertainment world. (RED) has so far generated nearly $500 million for the fight against AIDS, but the heat (RED) companies have created has also helped pressure governments to do their part -- and that's where the big money is, with donor governments spending $87.5 billion on HIV/AIDS since 2002. That's the reason we all do this!
Some of the most selfish people I've met are artists -- I'm one of them -- and some of the most selfless people I've ever met are in business, people like Warren Buffett. So, I've never had that clichéd view of commerce and culture being different. I always remember Björk saying to me that her songs, she feels, are like carpentry. Like her friends in Iceland, one of them designs a chair. Is that more beautiful or useful than a song? Well, it depends on the chair. Or the song. I've always seen what I do as an activist, as an artist, as an investor, as coming from the same place.
Great melodies have a lot in common with great ideas. They're instantly memorable. There's a certain inevitability. There's a sort of beautiful arc. Whether it's a song or business or a solution to a problem facing the world's poor, I see what I do as the same thing. I look for the topline melody, a clear thought. Now, my friends -- and sometimes my bandmates and sometimes my family -- would see this as multiple personality disorder. But for me, it's all the same thing.