25 Businessmen Who Broke The Rules (And Some Laws)

Fortunes are rarely won by playing it safe. On the contrary, the biggest fortunes have been won by those willing to step outside the box and change the way the game is played. Following are twenty-five business innovators of the past, present, and future whose stories are different in many respects, but all point to the same truth: Ingenuity, improvisation, and daring are more important than following the rules (even though you might find yourself on the wrong side of the law once in a while).

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1. Jack Welch

Named “Manager of the Century” by Fortune Magazine in 1999, Jack Welch is perhaps most famous for streamlining GE, reducing management from 29 levels to only six, closing businesses, and firing a significant percentage of his subordinates. Despite his strong, seemingly brash tactics (he was nicknamed “Neutron Jack” for firing so many employees), he brought the value of GE up from $12 billion to $280 billion, the largest increase for any company under any CEO. He also championed the notion of informality, which he brought to GE.

2. Steve Jobs

Co-founder of Apple and chairman of Pixar, Steve Jobs towers over Silicon Valley as a renegade and artist as much as a business manager. Fortune magazine calls him a “global cultural guru,” responsible for changing the way the world works and plays. Yet, he has been criticized for his superior attitude, taking credit away from his subordinates, micro-managing his business, firing employees in fits of anger, and any number of minor infractions, such as parking his Mercedes in handicapped spaces. His net worth is estimated to be over $20 billion.

3. Sir Richard Branson

In 1972, at the age of 22, Richard Branson had recently opened his first Virgin record store in London and signed his first artist, Mike Oldfield, to Virgin records. Oldfield’s “Tubular Bells” was released the next year and would sell millions of records, becoming a classic document of electronic experimental music. Five years later, Branson signed the Sex Pistols, a leading pillar of the British punk rock scene who had been rejected by every other record label in England. In addition to his groundbreaking Virgin record label, record stores, and competitive airline, Branson is famous for his world record-breaking attempts, earning him respect as a daredevil as much as a business mogul. A charismatic and like able persona, he has appeared on a number of the world’s most popular television shows, including Friends and Baywatch. He also has a space plane. If nothing else, Branson has proved that a man can be one of the richest, most successful people in the world and still be cool.

4. Sam Walton

At the end of his autobiography, Made in America, Sam Walton wrote that the most important rule in business is to break all the rules. He has also said, “I always prided myself on breaking everybody else’s rules, and I always favored the mavericks who challenged my rules.” His innovative and daring approach to business established the worldwide Wal-Mart chain, which replaced Exxon as the largest corporation in the world in 2002.

5. Bill Gates

It is common knowledge that the richest man in the world is a college dropout. Instead of completing his education at the prestigious Harvard University, Bill Gates decided to take a risk and devote himself fully to a little business called “Microsoft” he co-founded with a classmate, Paul Allen. Not content with the prevailing open-source practices of software development, Gates decided to buck the system by demanding a closed-source ethic. By changing the rules of software development, he established the software industry as we know it today.

6. Donald Trump

A self-made billionaire, real estate mogul Donald Trump is widely regarded as a man who makes the rules. And among Trump’s rules for success, you will not find the words, “humility,” “generosity,” “sympathy,” or “compassion.” The quintessential bullying boss, Donald Trump is a cultural icon and one of the most famous people in the world. Comparing publicity photos from his early years of fame with his more recent dominance on the world’s stage, it is clear Trump has cultivated a distinctly mean image. It is possible he still enjoys smiling, but apparently it is no longer marketable. While nobody is questioning his head for business, Trump’s fame, if not his fortune, is less attributable to any specific business deals or professional decisions than to his “mean boss” imagine and his high-profile personal life (including his widely publicized divorce from Ivana Trump and his scandalous sex life with Slovenian supermodel, Melania Knauss, who would become his wife).

7. Henry Ford

The father of the modern automobile, founder of the Ford Motor Company, and inventor of the moving assembly line was a highly unconventional business leader. Henry Ford challenged his times (and his investors) by insisting on producing affordable automobiles for a mass market. He paid his employees much more than was common at the time, creating what he called “wage incentive” and thereby attracting and keeping a strong work force. Advocating “welfare capitalism,” Ford took an unusual amount of interest in the lives of his employees, requiring them to live according to the rules set by his “Sociological Department,” which restricted how they spent their leisure hours. His risks paid off, and Ford Motor Company has helped define the modern urban landscape.

8. Ray Kroc

Ray Kroc did not open the first McDonald’s restaurant. He just turned a small, family-owned drive-in into a multi-billion-dollar global franchise. Like Henry Ford before him, Kroc’s ingenuity was in finding a way to bring high quality goods to a mass market. He revolutionized the restaurant industry by introducing strict guidelines for how his items were produced and sold. He turned the sale of hamburgers into a science, and even had his franchise owners earn a “Bachelor in Hamburgerology” at McDonald’s training institute. Unlike Ford, however, Kroc has been criticized for paying his employees as little as possible, and has been accused of trying to circumvent minimum wage laws.

9. Jim Buckmaster

Despite its enormous popularity, Craigslist has not received a great deal of respect as a business. Part of the reason is that the world’s premiere classifieds service seems to go out of its way to avoid making a profit. Most of the service is free. (It generates revenue solely through small fees for apartment and job listings in select cities.) There is no advertising. No branding. No attractive user interface. In sum, Craigslist does not actively compete for business. Craigslist’s CEO since 2000, Jim Buckmaster says the key to their success is an anti-commercial value system based on three “ironies”: “the ironies of unbranding, demonetizing, and noncompeting.” Instead of going for the quick profit like other startups, Craigslist survived the dot-com boom and bust by providing a service as simply and straightforwardly as possible. Buckmaster says, “We’re definitely oddballs in the Internet industry, and we always have been. Lots of people made fun of us, especially at the height of the dot-com boom. Most of those people are out of business now.”

Source
Taylor, William C. and LaBarre, Polly. Maverick’s At Work: Why the Most Original Minds in Business Win (HarperCollins 2006), pp. 37-39.

10. Li Ka Shing

Li Ka Shing’s is the true American story: hard work, determination, and smart choices brought him out of poverty and into the green. The only difference is Shing is from China. The richest man in Hong Kong, Forbes magazine has reported Shing’s net worth to be $26.5 billion. Not bad for a man without a high school diploma. Loyal to his humble beginnings (his family fled China, penniless, when it was invaded by Japan), Li Ka Shing famously prefers not to flaunt his wealth. He is soft-spoken, pleasant, and wears inexpensive shoes and watches. At the same time, his discipline and clear head for business have earned him the nickname, “Superman.” A unique mixture of East and West, Li Ka Shing does not quite fit any mold.

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Comments

  1. jin's Gravatar Comment by jin on July 31st, 2008 at 5:48 pm

    meh, they just picked guys that happen to have the combined traits of “rebel” and “successful”. misleading unless you also have the other combos mapped out too:

    -‘rebel’ and ‘spectacular failure’
    -‘lockstep with convention’ and ‘wildly successful’
    -‘lockstep with convention’ and ‘spectacular failure’.

    jin

  2. Zopiac's Gravatar Comment by Zopiac on July 31st, 2008 at 5:58 pm

    Bill gates should be #2, and Steve Jobs should #1 >.< they fail at marketing.

    Linux FTW

  3. Dan's Gravatar Comment by Dan on July 31st, 2008 at 6:59 pm

    FYI, Li Ka-shing’s family name is Li, so the in the sentence “The only difference is Shing is from China”, “Shing” should be replaced by “Li”.

  4. Markus Simms's Gravatar Comment by Markus Simms on July 31st, 2008 at 7:02 pm

    Trump self-made?

    Ah, no.

    His father bank rolled his first projects.

    Hardly rags to riches, more like riches to more riches.

  5. Alicia's Gravatar Comment by Alicia on July 31st, 2008 at 8:25 pm

    Even though the title of the article implies a male bias, it’s good to see that – of all the hundreds of successful business people in the world – one lowly woman managed to grace this list of awe-inspiring power figures. And in all of your infinite wisdom, you chose the pinnacle of respectability to represent all feminine achievement. Makes me proud to be a woman.

  6. United Voices's Gravatar Comment by United Voices on August 1st, 2008 at 10:33 am

    Humm… these are business pundits who have their name in the history books. there have made their names with their deeds.

    I’m well aware to the top 7 in the list.

    Donald Trump, Jack Welch & Bill Gates tops my list.

  7. jessant's Gravatar Comment by jessant on August 1st, 2008 at 10:59 am

    Yeah this list isn’t sexist at all. Wth. Paris Hilton. You have to be kidding me. I’d laugh but I’m so sick of sexism showing up on delicious.

  8. zee's Gravatar Comment by zee on August 1st, 2008 at 11:38 am

    agree with Alicia – at least Anita Roddick should be in the list!

  9. A.Alaalas's Gravatar Comment by A.Alaalas on August 2nd, 2008 at 12:33 pm

    Most “successful” billionaires fell into it: DuPont, Nobel, etc. They may have broken a few laws and moral tenets, but that’s about it.

  10. al's Gravatar Comment by al on August 2nd, 2008 at 9:47 pm

    All the Kings Men /All the Kings horses

  11. Quang's Gravatar Comment by Quang on August 3rd, 2008 at 7:39 pm

    Hey, Great Post!

  12. Andre Thomas's Gravatar Comment by Andre Thomas on August 3rd, 2008 at 8:47 pm

    I love these stories. I like to read about successful people. Awesome, I’ll read more about Jim Buckmaster.

  13. Jacqueline Whitmore's Gravatar Comment by Jacqueline Whitmore on August 4th, 2008 at 2:57 pm

    Now that we know who the businessmen are, please tell us who the businesswomen are that broke the rules. This is of significant interest to those of us who are “Mustang Sallies!”

  14. Nascar's Gravatar Comment by Nascar on August 4th, 2008 at 3:23 pm

    Donald Trump is not exactly self made. He was given MILLIONS to start with by his not exactly poor real estate mogul Father. He certainly didn’t start out his career worrying about eviction or whether or not he could pay the electric bill that month.

  15. Scott Van Dam's Gravatar Comment by Scott Van Dam on August 6th, 2008 at 8:16 am

    I really enjoyed reading your post on these mavens and innovators. In order to be successful your product needs to be different. All these people did something completely different and remarkable.

    I don’t believe that many of these people just fall into it. It takes hard work, a passion, enjoy being challenged and have a passion to think outside the box!

  16. Premal's Gravatar Comment by Premal on October 14th, 2008 at 3:10 pm

    The list of 25 is missing one: “Dhirubhai Ambani” of Reliance Industries. He not only broke rules but bend them when needed. Classic rags to Riches story, where the news of his death was kept secret from public for 2 days – which otherwise would have led to financial chaos in the country.

  17. Vijyoti's Gravatar Comment by Vijyoti on October 22nd, 2008 at 6:35 am

    Most famous and admired personalities, they together contributed significantly to the development of human race.
    Vijyoti

  18. The Baldchemist's Gravatar Comment by The Baldchemist on December 5th, 2008 at 2:38 am

    And.. where are they now? They contributed nothing to the human race.
    Promoted as rule breakers? The whole business is full of crooks. with the exception of a few.Branson, Jobs.
    And now they stand in line for social handouts.
    Privatise the profits, socialise the losses. Anyone can run a business that way.

  19. olumide olusanya's Gravatar Comment by olumide olusanya on December 13th, 2008 at 2:59 pm

    all of them can be described as ‘highly unconventional’…awesome personalities but more intrigued by jim buckmaster’s story…totally off the rules

  20. Scott Mahler's Gravatar Comment by Scott Mahler on December 18th, 2008 at 4:01 pm

    Ok, so you can’t say these guys didn’t improve the revenue end of the businesses the ran, run, operate or own; however, being a business owner myself, I feel that there is a way to improve your bottom line without demoralizing your employees. Putting that many people out of work may have helped their companies, but it put a heavy burdon on the tax payers that had to pay for their unemployment. I’m just saying that there has to be some happy middle ground.

    http://www.datexmedia.wordpress.com

  21. a woman's Gravatar Comment by a woman on December 31st, 2008 at 1:31 am

    So Paris Hilton made the list but Oprah didn’t. sigh

  22. Ciprian Gherghescu's Gravatar Comment by Ciprian Gherghescu on January 21st, 2009 at 5:48 pm

    Great post. Thanks.

  23. ejes's Gravatar Comment by ejes on March 9th, 2009 at 1:57 pm

    Gates didn’t “break any rule” of software development (other than selling software that isn’t yours). closed source software was commonplace during the time he stole DOS and resold it to IBM. There was no prevailing “open source practices of software developent” and i don’t know where you got the “close-source ethic” there is nothing ethical about hiding source.

  24. Jack Morgan's Gravatar Comment by Jack Morgan on March 24th, 2009 at 11:58 am

    Putting Donald Trump in there demeans the entire list. Please do some research – his father gave him his fortune, career and first couple of Class A commercial buildings. He is an arrogant egoist that has cheated the city of NY, and virtually all of his business partners. He has walked out on tens of millions of debt to stockholders, all while marketing his brand. The guy is scum. Ask anyone who has invested with him.

  25. scopy's Gravatar Comment by scopy on May 15th, 2009 at 2:51 am

    You can get some inspiration form these guys. Learn the rules then break them if you know what your doing…

  26. manofasia's Gravatar Comment by manofasia on July 7th, 2009 at 5:39 am

    They all great businessman in the world!! I’m really insipred

  27. JOY's Gravatar Comment by JOY on August 21st, 2009 at 1:34 am

    Roman and Michael, you are my Heroes! keep it up. am proud of you two. look forward for more

  28. Website Design Newcastle's Gravatar Comment by Website Design Newcastle on September 5th, 2009 at 3:37 pm

    Brilliant article. Steve Jobs in particular inspired us to write an article on him that you’ll find on our website.

    We stumbled across this page (ie StumbleUpon) and his position at #2 is richly (no pun intended) deserved. However, his involvement and riches through Pixar are as much through luck than judgement. It ultimately came through a failed venture but it has to be said his choice of staff is what made it the eventual success it was.

    Many thanks for some very interesting reading.

  29. Scott's Gravatar Comment by Scott on September 17th, 2009 at 9:56 pm

    Trump’s dad was worth about 150 million back in the 1970s when The Donald followed him into commercial real estate development. Adjusted for inflation, his dad was a billionaire. The Donald is a mere horse’s derriere.

  30. jbelkin's Gravatar Comment by jbelkin on February 10th, 2010 at 1:18 am

    You neglected to point out the laws that Bill Gates & Microsoft broke. I’m not even sure why Trump is on this list – the others all achieved something – he is a great at PR but after all this time, he’s basically really good at borrowing money and walkng away from debt. Larry Ellison or even Micjael Dell have amde much more money.

  31. Joe's Gravatar Comment by Joe on May 29th, 2010 at 3:12 am

    Paris Hilton before Andrew Carnegie. Yep, that makes sense. Interesting encouragement for female entrepreneurs… ‘If you work REALLY hard you may even become like Paris Hilton one day’. Jeez…

  32. TanLover's Gravatar Comment by TanLover on June 13th, 2010 at 4:09 am

    Are there some modern business greats who came from rags to riches?

  33. lyudmila Bloch's Gravatar Comment by lyudmila Bloch on September 28th, 2010 at 12:14 am

    How about Henri Ford, Dale Carnegie, and social media moguls that have broken all of the rules? Obviously, great success always follows great instincts! Great post and thank you for sharing!

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