Edelman diversified into public affairs in the late '60s with important programs for the Concorde SST, gaining landing rights at JFK Airport in New York, and in the late '70s generating public approval for the building of the very stark Vietnam Veterans War Memorial in Washington, D.C., from a design by the very young architect Maya Lin.

We need the media as the foundation of functioning institutions.

It may be fine for an artist to be indifferent to the reaction of the viewer to a work of art. A vigorous debate on issues is also beneficial. But the dark vision of a world without truth cannot be our future.

Money is flowing out of traditional advertising into experiential, social, and sports.

The tech industry should make bold commitments to address pressing societal issues.

The best tech companies are led by founders with entrepreneurial zeal and strong egos. They consistently deliver what we want and what we need, at prices that decrease over time. The Wall Street firm is a long-standing institution with a more established hierarchy.

People go to work at Wall Street firms to make a lot of money. They may not love what they are doing, but the punishing hours and travel are incredibly well-compensated. By contrast, the engineers at technology firms do believe that they can change how we all live.

In a world of dispersed authority, the battle for the truth will be won or lost with the employees.

Technology has allowed the creation of media echo chambers, so that a person can reinforce, rather than debate, viewpoints.

The lack of societal and institutional safeguards provides fertile ground for populist movements fueled by fear.

We have moved beyond the point of trust being simply a key factor in product purchase or selection of employment opportunity; it is now the deciding factor in whether a society can function.

Great women, in partnership with great men, will continue to take us forward.

My daughters will succeed me as owners of the firm.

Companies should take advantage of social media's power to connect, but honor the continued role of media in shaping opinion.

We have witnessed a stunning reversal of power between mainstream and social media: The ability to go direct to end users of information through social channels radically disrupted the mainstream news agenda.

The separation of audience into tribes preferring to reinforce their own views with media of similar ideological stripe makes true debate impossible.

I went to every sports contest for my kids. I turned off my cell phone at 8 P.M. I did have to travel relentlessly and had some nights at black tie events. But when I was home, I was home.

Edelman maintains a very conservative balance sheet. We do small acquisitions. This helps me sleep well at night.

I take the subway to work. I fly coach back and forth to Chicago.

Institutions are better served by going direct to end users, establishing a channel for direct dialogue and feedback. It is a world of many to one, not one to many.

The dominant advertising advantage of Clinton, with spending of 10 to 1 over Trump, reinforced the perception that she was trying to buy, rather than earn, votes.

Many employer-employee relationships are built on a lie that starts from the first interaction: neither party automatically conceives of the relationship as something that will last a lifetime, but both interact as if it is. This lie of omission bases the relationship on distrust.

In the past, individuals and companies envisioned a lifetime mutual commitment. That's not realistic anymore - nor is it in the interest of either party. So both parties need a more adaptable way to engage each other and co-invest over shorter periods of time for mutual benefit.

We need to invest in technologies that amplify human capacity, not replace it.