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A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers.^[1] Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.

The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.

Basic forms of ownership[link]

Although forms of business ownership vary by jurisdiction, there are several common forms:

• Sole proprietorship: A sole proprietorship is a business owned by one person for-profit. The owner may operate the business alone or may employ others. The owner of the business has unlimited liability for the debts incurred by the business.
• Partnership: A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classifications of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.
• Corporation: A corporation is a limited liability business that has a separate legal personality from its members. Corporations can be either government-owned or privately-owned, and corporations can organize either for-profit or not-for-profit. A privately-owned, for-profit corporation is owned by shareholders who elect a board of directors to direct the corporation and hire its managerial staff. A privately-owned, for-profit corporation can be either privately held or publicly held.
• Cooperative: Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a for-profit corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.

Classifications[link]

• Agriculture and mining businesses are concerned with the production of raw material, such as plants or minerals.
• Financial businesses include banks and other companies that generate profit through investment and management of capital.
• Information businesses generate profits primarily from the resale of intellectual property and include movie studios, publishers and packaged software companies.
• Manufacturers produce products, from raw materials or component parts, which they then sell at a profit. Companies that make physical goods, such as cars or pipes, are considered manufacturers.
• Real estate businesses generate profit from the selling, renting, and development of properties comprising land, residential homes, and other kinds of buildings.
• Retailers and distributors act as middle-men in getting goods produced by manufacturers to the intended consumer, generating a profit as a result of providing sales or distribution services. Most consumer-oriented stores and catalog companies are distributors or retailers.
• Service businesses offer intangible goods or services and typically generate a profit by charging for labor or other services provided to government, other businesses, or consumers. Organizations ranging from house decorators to consulting firms, restaurants, and even entertainers are types of service businesses.
• Transportation businesses deliver goods and individuals from location to location, generating a profit on the transportation costs.
• Utilities produce public services such as electricity or sewage treatment, usually under a government charter.

There are many other divisions and subdivisions of businesses. The authoritative list of business types for North America is generally considered to be the North American Industry Classification System, or NAICS. The equivalent European Union list is the Statistical Classification of Economic Activities in the European Community (NACE).Mill,

Management[link]

The efficient and effective operation of a business, and study of this subject, is called management. The major branches of management are financial management, marketing management, human resource management, strategic management, production management, operations management, service management and information technology management.^{[citation needed]}

Owners engage in business administration either directly or indirectly through the employment of managers. Owner managers, or hired managers administer to three component resources that constitute the business' value or worth: financial resources, capital or tangible resources, and human resources. These resources are administered to in at least five functional areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resourcing.^{[citation needed]}

Reforming state enterprises[link]

In recent decades, assets and enterprises that were run by various states have been modeled after business enterprises. In 2003, the People's Republic of China reformed 80% of its state-owned enterprises and modeled them on a company-type management system.^[2] Many state institutions and enterprises in China and Russia have been transformed into joint-stock companies, with part of their shares being listed on public stock markets.

Business process management (BPM) is a holistic management approach[1] focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. BPM attempts to improve processes continuously. It can therefore be described as a "process optimization process." It is argued that BPM enables organizations to be more efficient, more effective and more capable of change than a functionally focused, traditional hierarchical management approach.

Organization and government regulation[link]

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Most legal jurisdictions specify the forms of ownership that a business can take, creating a body of commercial law for each type.

The major factors affecting how a business is organized are usually:

The Bank of England in Threadneedle Street, London, England.

• The size and scope of the business firm and its structure, management, and ownership, broadly analyzed in the theory of the firm. Generally a smaller business is more flexible, while larger businesses, or those with wider ownership or more formal structures, will usually tend to be organized as corporations or (less often) partnerships. In addition, a business that wishes to raise money on a stock market or to be owned by a wide range of people will often be required to adopt a specific legal form to do so.
• The sector and country. Private profit-making businesses are different from government-owned bodies. In some countries, certain businesses are legally obliged to be organized in certain ways.
• Limited Liability Companies (LLC), limited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections. In contrast, unincorporated businesses or persons working on their own are usually not so protected.
• Tax advantages. Different structures are treated differently in tax law, and may have advantages for this reason.
• Disclosure and compliance requirements. Different business structures may be required to make less or more information public (or report it to relevant authorities), and may be bound to comply with different rules and regulations.

Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized. Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate "person". This means that unless there is misconduct, the owner's own possessions are strongly protected in law if the business does not succeed.

Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership. The terms of a partnership are partly governed by a partnership agreement if one is created, and partly by the law of the jurisdiction where the partnership is located. No paperwork or filing is necessary to create a partnership, and without an agreement, the relationships and legal rights of the partners will be entirely governed by the law of the jurisdiction where the partnership is located.

A single person who owns and runs a business is commonly known as a sole proprietor, whether that person owns it directly or through a formally organized entity.

A few relevant factors to consider in deciding how to operate a business include:

1. General partners in a partnership (other than a limited liability partnership), plus anyone who personally owns and operates a business without creating a separate legal entity, are personally liable for the debts and obligations of the business.
2. Generally, corporations are required to pay tax just like "real" people. In some tax systems, this can give rise to so-called double taxation, because first the corporation pays tax on the profit, and then when the corporation distributes its profits to its owners, individuals have to include dividends in their income when they complete their personal tax returns, at which point a second layer of income tax is imposed.
3. In most countries, there are laws which treat small corporations differently than large ones. They may be exempt from certain legal filing requirements or labor laws, have simplified procedures in specialized areas, and have simplified, advantageous, or slightly different tax treatment.
4. To "go public" (sometimes called IPO) -- which basically means to allow a part of the business to be owned by a wider range of investors or the public in general—you must organize a separate entity, which is usually required to comply with a tighter set of laws and procedures. Most public entities are corporations that have sold shares, but increasingly there are also public LLCs that sell units (sometimes also called shares), and other more exotic entities as well (for example, REITs in the USA, Unit Trusts in the UK). However, you cannot take a general partnership "public."

Commercial law[link]

Offices in the Los Angeles Downtown Financial District

Most commercial transactions are governed by a very detailed and well-established body of rules that have evolved over a very long period of time, it being the case that governing trade and commerce was a strong driving force in the creation of law and courts in Western civilization.

As for other laws that regulate or impact businesses, in many countries it is all but impossible to chronicle them all in a single reference source. There are laws governing treatment of labor and generally relations with employees, safety and protection issues (Health and Safety), anti-discrimination laws (age, gender, disabilities, race, and in some jurisdictions, sexual orientation), minimum wage laws, union laws, workers compensation laws, and annual vacation or working hours time.

In some specialized businesses, there may also be licenses required, either due to special laws that govern entry into certain trades, occupations or professions, which may require special education, or by local governments. Professions that require special licenses range from law and medicine to flying airplanes to selling liquor to radio broadcasting to selling investment securities to selling used cars to roofing. Local jurisdictions may also require special licenses and taxes just to operate a business without regard to the type of business involved.

Some businesses are subject to ongoing special regulation. These industries include, for example, public utilities, investment securities, banking, insurance, broadcasting, aviation, and health care providers. Environmental regulations are also very complex and can impact many kinds of businesses in unexpected ways.

Capital[link]

Mexican Stock Exchange in Paseo de la Reforma, Mexico City

When businesses need to raise money (called 'capital'), more laws come into play. A highly complex set of laws and regulations govern the offer and sale of investment securities (the means of raising money) in most Western countries. These regulations can require disclosure of a lot of specific financial and other information about the business and give buyers certain remedies. Because "securities" is a very broad term, most investment transactions will be potentially subject to these laws, unless a special exemption is available.

Capital may be raised through private means, by public offer (IPO) on a stock exchange, or in many other ways. Major stock exchanges include the Shanghai Stock Exchange, Singapore Exchange, Hong Kong Stock Exchange, New York Stock Exchange and Nasdaq (USA), the London Stock Exchange (UK), the Tokyo Stock Exchange (Japan), Bombay Stock Exchange(India) and so on. Most countries with capital markets have at least one.

Businesses that have gone "public" are subject to extremely detailed and complicated regulation about their internal governance (such as how executive officers' compensation is determined) and when and how information is disclosed to the public and their shareholders. In the United States, these regulations are primarily implemented and enforced by the United States Securities and Exchange Commission (SEC). Other Western nations have comparable regulatory bodies. The regulations are implemented and enforced by the China Securities Regulation Commission (CSRC), in China. In Singapore, the regulation authority is Monetary Authority of Singapore (MAS), and in Hong Kong, it is Securities and Futures Commission (SFC).

As noted at the beginning, it is impossible to enumerate all of the types of laws and regulations that impact on business today. In fact, these laws have become so numerous and complex, that no business lawyer can learn them all, forcing increasing specialization among corporate attorneys. It is not unheard of for teams of 5 to 10 attorneys to be required to handle certain kinds of corporate transactions, due to the sprawling nature of modern regulation. Commercial law spans general corporate law, employment and labor law, health-care law, securities law, M&A law (who specialize in acquisitions), tax law, ERISA law (ERISA in the United States governs employee benefit plans), food and drug regulatory law, intellectual property law (specializing in copyrights, patents, trademarks and such), telecommunications law, and more.

Intellectual property[link]

Businesses often have important "intellectual property" that needs protection from competitors for the company to stay profitable. This could require patents, copyrights, trademarks or preservation of trade secrets. Most businesses have names, logos and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law. Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors. Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties. In order to protect trade secrets, companies may require employees to sign non-compete clauses which will impose limitations on an employees interactions with stakeholders, and competitors.

See also[link]

Business and economics portal

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Notes and references[link]

External links[link]

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Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and occasional financial commentator. Kiyosaki is perhaps best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written over 15 books which have combined sales of over 26 million copies.^[1] Although beginning as a self-publisher, he was subsequently published by Warner Books, a division of Hachette Book Group USA. His new books appear under the Rich Dad Press imprint. Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on number one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times. Rich Kid Smart Kid was published in 2001, with the intent to help parents teach their children financial concepts. He has created three "Cashflow" board and software games for adults and children and has a series of "Rich Dad" CDs and disks.

As a devout global financial literacy advocate, Kiyosaki has been a staunch proponent of entrepreneurship, business education, investing, and that comprehensive financial literacy concepts should be taught in schools around the world.^[2] Kiyosaki also operates his own blog and maintains a monthly column on Yahoo Finance writing about his latest thoughts on global economics, investing, business, world financial markets, and personal finance.^[3][4]

Life and career[link]

A fourth-generation Japanese American, Kiyosaki was born and raised in Hilo, Hawaii. He is the son of educator Ralph H. Kiyosaki (1919–1991). After graduating from Hilo High School, he attended the U.S. Merchant Marine Academy in New York, graduating with the class of 1969 as a deck officer. He later served in the Marine Corps as a helicopter gunship pilot during the Vietnam War in 1972, where he was awarded the Air Medal.^[5]

Kiyosaki left the Marine Corps in 1975 and got a job selling copy machines for the Xerox Corporation as a salesperson. In 1977, Kiyosaki started a company that brought to market the first nylon and Velcro "surfer" wallets. The company was moderately successful at first but eventually went bankrupt. In the early 1980s, Kiyosaki started a business that licensed T-shirts for Heavy metal rock bands, which was later sold in 1985.^[6]

In 1994, after becoming financially independent through various real estate investments and private business operations, Kiyosaki retired at the age of 47. In 1997, after his short lived retirement, he launched Cashflow Technologies, Inc.^[7] which owns and operates the Rich Dad^[8] and Cashflow^[9] brands.

Personal life[link]

He has been married to wife, Kim, who is an entrepreneur, investor, author, and a motivational speaker. They have been married since 1985. He and Kim have settled in the Scottsdale area in Phoenix, Arizona since 1994. Kiyosaki also has one sister, Emi Kiyosaki, a Tibetan Buddhist nun known by the name Ven. Tenzin Kacho. He has co-authored one book with her called "Rich Brother, Rich Sister".

Business ventures and investments[link]

Aside from operating the Rich Dad Company and Cashflow Technologies, Inc., Kiyosaki continues to operate external business ventures and has continued engaging with various investments since he came out of retirement in 1997.^[10][10]

Mining ventures[link]

Kiyosaki bought a silver mine in South America in 2002, took a gold mining company in China public back in 2002, and took public additional mines from IPOs listed on the Toronto Stock Exchange during the early 2000s. In 2009, Kiyosaki revealed in his book Conspiracy of the Rich that he is currently working on a copper mine that is yet to be taken public once copper prices begin to rise in value.^[11]

Precious metals and coin dealing[link]

Through his teenage years, Kiyosaki dabbled with silver and gold coins as a starting investment during the 1960s. In a July 2005 Yahoo Finance article Kiyosaki states that

If you only have a few dollars, you may want to go to your local coin dealer and buy silver and gold coins as close to the price of gold or silver as possible. I would not invest in 'collectible' precious metal coins unless you really know a good collectible coin from a bad one. For as little as $20 you can buy a few precious metal coins and begin to take steps to prepare for one of the biggest crashes in world history.^[12]

In addition, Kiyosaki states that he is a "gold bug", meaning is that he holds various commodities such as gold and silver to hedge against government misprinting of the U.S. dollar as a fiat currency since the early 1970s when President Richard Nixon took the dollar off the gold standard.^[10]

Real estate acquisitions[link]

Kiyosaki is also an active real estate investor. A large portion of his wealth is concentrated within real estate investing. He has various real estate investments, real estate development ventures, and property management ventures operating around the United States, such as Texas and Oklahoma, particularly in his home state of Arizona, where he lives. Many of his holdings include hotels, golf courses, and large apartment complexes as stated in an interview with The Alex Jones Show back in late 2010.^[13]

Starting with small residential real estate investments back in 1973, Kiyosaki began investing in small condos on the island of Maui, making a small profit from capital gains by the mid 1970's. Kiyosaki starting his own real estate holding company in the 1980s during his tenure with Xerox and continued on with smaller real estate investments after the Savings and loan crisis and the 1986 Tax Reform Act hit the United States in the early 1990s where much foreclosure investment real estate was sold for pennies on the dollar. After progressing with smaller real estate investments, Kiyosaki moved into the commercial real estate business, branching off into semi-large apartment complexes, with a large portion concentrated in Arizona and the Southwestern United States and retired in 1994. Since coming out of retirement in 1997, Kiyosaki still remains involved with the apartment business and stated in an interview with Jason Hartman in 2011 that he owns over 1400 units of apartment houses.^[14][15]

Kiyosaki has been involved with commercial real estate sector such as investing in warehouses, Triple net lease and real estate development ventures around the United States.^[16][17]

Oil wells and natural gas investments[link]

Kiyosaki has stated in a Rich Dad video, several interviews, and a on number of Yahoo Finance articles that he owns oil drilling operations and oil wells around the United States but does not invest in oil company shares such as ExxonMobil or BP.^{[18][19][19][20]}

Solar company[link]

In a 2010 Rich Dad Insiders video, Kiyosaki stated that he also invested in a startup solar company.^[18]

Financial market investments[link]

In his debut book Rich Dad Poor Dad, Kiyosaki mentioned achieving consistent 16% ROI through tax lien certificates.^[21]

Written in a chapter of Rich Dad's Prophecy, Kiyosaki states of having invested in various government tax free bonds such as municipal bonds and municipal mortgage REIT's offered by real estate development companies paying over 12% tax free dividend interest.^[22]

Kiyosaki has also stated in numerous interviews that he does not invest or play the stock market much like the fact that he does not invest in oil company stocks. Instead, Kiyosaki trades stock options, Forex currencies, and other derivatives in the financial markets as stated in a chapter written in his book, Rich Dad's Prophecy and in a 2009 interview with real estate investor John Hartman.^[15]

Kiyosaki has frequently mentioned himself of investing in hedge funds, private placements, and other various funds such as private equity funds typically investments reserved by SEC law only for millionaires or high-income individuals.

Kiyosaki is also involved in the commodity market where he invests in gold and silver commodities as well as gold and silver ETF's, as written in chapter of his 2008 book, "Rich Dads, Increase Your Financial IQ". He stated this for the reason that he uses commodities as a hedge against uncertain economic forces such as inflation and hyperinflation as well as government's mismanagement via printing of the nations currency.^[21]

Teachings[link]

A large part of Kiyosaki's teachings focus on what he calls "financial education" generating passive income by means of investment opportunities, such as real estate investments and businesses, with the ultimate goal of being able to support oneself by such investments alone and thus achieving true financial independence WITHOUT working for a paycheck. In tandem with this, Kiyosaki defines the term "assets" as things that generate cash inflow, such as stock dividends, rental properties, or businesses, and the term "liabilities" as things that use cash, such as houses, cars, and so on. Kiyosaki continuously argues that financial leverage is critically important in becoming rich, despite the inherent financial risks, repercussions, and pitfalls that come with it.

Originally self-published before being picked up commercially to become a best seller, the central concept of the book is an anecdotal comparison of his "two fathers." His "poor dad" was his biological father, who was highly educated and became Superintendent of the Hawaii State Department of Education but was poor. Contrasted with this is his (arguably fictitious, see "Criticism and controversy" section of this article) "rich dad," his best friend's father who became "the richest man in Hawaii" by investing his smaller income into income-producing investments, and was a high school dropout. Its main purpose as a self-help book is to help people rethink their idea of money and especially their concept of themselves as employees who will gain financial rewards from conformity and education.

Kiyosaki uses the "rich dad, poor dad" comparison to illustrate his view that the majority of people are stuck in what he refers to as "the rat race"—living paycheck to paycheck and spending all of their time working to pay bills and other expenses. In his books, Kiyosaki advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than ownership of securities such as stocks. This idea is further developed in his later books and "Rich Dad" became Kiyosaki's personal brand for various publishing ventures.

Kiyosaki continuously stresses financial literacy through the acquisition of he calls "assets" as the means to obtaining wealth. He says that life skills are often best learned through experience and that there are important lessons not taught in school. He says that formal education is primarily for those seeking to be employees or self-employed individuals, and that this is an "Industrial Age idea." And according to Kiyosaki, in order to obtain financial freedom, one must be either a business owner, an investor, or both generating passive income, particularly on a monthly basis.

Kiyosaki often refers to The CASHFLOW Quadrant, a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two crossed lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.

• E: Employee — Working for someone else.
• S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.
• B: Business owner — A person who owns a business to make money; typically where the owner's physical presence is not required.
• I: Investor — Investing money in order to receive a larger income in the future.

For those on the left side of the divide (E and S), Kiyosaki says that they may never obtain true wealth. Conversely, those on the right side of the divide (B and I) are supposedly following the only road to true wealth.

Kiyosaki also classifies the four main "asset" classes as means of gaining wealth.^[23]:

• Businesses: Businesses that generate monthly cash flow that don't require the owners physical presence.
• Real Estate: Real estate such as owning warehouses, small family homes, or apartment houses that generate monthly cash flow.
• Paper Assets: Investments such as stocks, bonds, hedge funds etc.
• Commodities: Gold, silver, iron ore, or copper that are used to hedge government's mismanagement printing of the nations currency.

Games[link]

Kiyosaki also stresses the value of games, particularly Monopoly, as tools for learning basic financial strategies such as "trade four green houses for one red hotel." Kiyosaki has created several games such as Cashflow 101 and Cashflow 202 to reinforce the information in his book.

Media appearances[link]

Several local stations of the Public Broadcasting Service (PBS), including WTTW of Chicago, KAET of Phoenix, KOCE of Orange County, California, WLIW of the New York/New Jersey area, and WGBH of Boston, have featured Kiyosaki with his now cancelled Rich Dad TV series. His latest TV special was a fund-raising drive. During this television special, Rich Dad's Guide to Wealth with Robert Kiyosaki, he provides viewers with financial education, opposing the common notion of getting a college degree and downplaying the importance of attaining academic or professional education.

Kiyosaki has been seen giving financial advice on various network television news channels such as on CNBC, Fox Business, and Bloomberg. He has appeared on various programs such as The Oprah Winfrey Show,^[24] Fox and Friends,^[25][26][27] Larry King Live,^[28] The O'reilly Factor, The Alex Jones Show,^[13] Glenn Beck,^[29] and Your World with Neil Cavuto.^{[25][30][31][32]}

In 2002, a speech given by Kiyosaki became the subject of a CNN story.^[33]

In 2006, Kiyosaki appeared on CNBC, discussing financial issues, answering questions from the audience, and comments by the financial experts werere also invited. In particular, Kiyosaki also filled in a few episodes under the title The Millionaire Inside Debt-Free and The Millionaire Inside: Get Inspired. Other financial experts accompanied Kiyosaki, including David Bach, Jennifer Openshaw, Larry Winget, Keith Ferrazi, and Dr. Laura Morgan Roberts have also been invited to the event.^[34][35]

In 2009, Kiyosaki was featured in a 10 Questions session in Time Magazine.^[36]

Over a number of years, Kiyosaki has repeatedly criticized other financial gurus, particularly the financial teachings of Suze Orman and Jean Chatzky, calling it “bad advice”. Because of this, Orman responded to Kiyosaki's attacks via Twitter and the two engaged in a Twitter war back in March 2010.^[37]

In September 2011, Kiyosaki along with wife Kim were featured on the front cover of JETSET magazine.^[38]

Financial advice[link]

Mutual funds[link]

Kiyosaki wrote in one column that investors in any mutual fund with a 2.5% annual fee would, over a long time period, surrender 80% of the earnings to the fund.^[39] Kiyosaki expanded on his criticism of mutual funds in another column by stating they are for "losers."^[40] Despite the fact that most mutual funds actually charged less than 1.1%.^[41] He has drawn much criticism for comparing investing in mutual funds to playing the lottery, and for discouraging 401(k) investing, contrary to the advice of most professional financial advisers.^[42] In contrast to these statements, Kiyosaki wrote in his book Prophecy that while mutual funds are not great investments, they remain one of the few acceptable investment vehicles available to those who will not educate themselves financially.

Kiyosaki's criticisms are supported by the founder of the mutual fund Vanguard, John C. Bogle. In a Frontline episode titled "401(k)s: The New Retirement Plan, For Better or Worse", Bogle stated that management fees and trading costs gobble up approximately 2.5% of an investor's annual returns and approximately 80% of an investor's long term gains. He says management costs reduce the value of a $1,000 investment over 65 years from approximately $140,000 at 8% compounded annually to a mere $30,000 at 5.5% compounded annually. Bogle's solution is to utilize index funds, which charge as little as 0.09%, to substantially reduce or eliminate management fees.^[43]

Criticism and controversy[link]

Kiyosaki's books and teachings have been criticized for focusing on anecdotes and containing little in the way of concrete advice on how readers should proceed.^[44] Kiyosaki responds that his material is meant to be more of a motivational tool to get readers thinking about money rather than a step-by-step guide to wealth. He also says the books are supposed to be "interesting" to people, which precludes involving a lot of technical material.^[45]

The Canadian Broadcasting Corporation consumer affairs program Marketplace ran an investigative piece on Kiyosaki's questionable business practices on Jan 29, 2010. It includes interviews with Kiyosaki.^[46]

Bibliography[link]

Kiyosaki is best known for his book Rich Dad, Poor Dad. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing. He has now had at least a dozen books published, including:

• If You Want to Be Rich & Happy: Don't Go to School? : Ensuring Lifetime Security for Yourself and Your Children (1992). ISBN 0-944031-38-2.
• Rich Dad Poor Dad - What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! (first published in 1997) Warner Business Books. ISBN 0-446-67745-0.
• CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom (2000). ISBN 0-446-67747-7.
• Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! (2000). ISBN 0-446-67746-9.
• The Business School for People Who Like Helping People (March, 2001). ISBN 99922-67-42-9 - endorses multi-level marketing
• Rich Dad's Rich Kid, Smart Kid: Giving Your Children a Financial Headstart (2001). ISBN 0-446-67748-5.
• Rich Dad's Retire Young, Retire Rich (2002). ISBN 0-446-67843-0.
• Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit from It! (2002). Warner Books, Incorporated. ISBN 0-641-62241-4.
• Rich Dad's The Business School: For People Who Like Helping People (2003) ISBN 979-686-729-X.
• Rich Dad’s Success Stories (2003)
• You Can Choose to be Rich (2003) 12-CD Audio series with three books.
• Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! (2004)ISBN 0-446-69182-8.
• Rich Dad, Poor Dad for Teens: The Secrets About Money—That You Don't Learn in School! (2004) ISBN 0-446-69321-9.
• Rich Dad's Before You Quit Your Job : 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business (2005). ISBN 0-446-69637-4.
• Rich Dad's Escape from the Rat Race - Comic for children (2005)
• Why We Want You to Be Rich: Two Men, One Message (2006) co-written with Donald J. Trump ISBN 1-933914-02-5.
• Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money (2008). ISBN 0-446-50936-1.
• Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money (2009). ISBN 0-446-55980-6
• Rich Dad's Rich Brother Rich Sister (2009) co-written with Emi Kiyosaki
• The Real Book of Real Estate: Real Experts. Real Stories. Real Life. (2010). ISBN 1-4587-7250-0.
• An Unfair Advantage: The Power of Financial Education (2011). ISBN 1-61268-010-0.
• Midas Touch: Why Some Entrepreneurs Get Rich And Why Most Don't (2011), co-written with Donald J. Trump ISBN 1-61268-095-X.

Notes[link]

References[link]

External links[link]

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Wikiquote has a collection of quotations related to: Robert Kiyosaki

• Official website
• Hawaii Business Magazine June 2002 cover story on Kiyosaki

Seth Gabel
Gabel at the 2012 WonderCon in March 2012.
Born	Seth Cosentino (1981-10-03) October 3, 1981 (age 30) Hollywood, Florida, United States
Spouse	Bryce Dallas Howard (m. 2006–present; 2 children)

Seth Gabel (born Seth Cosentino; October 3, 1981) is an American actor. Gabel plays the role of agent Lincoln Lee on Fox's television series Fringe.

Career[link]

Gabel drew attention for his portrayal of Adrian Moore, the sexually confused adopted son of Ava Moore (portrayed by Famke Janssen) on the FX series Nip/Tuck. The story arc garnered much attention for their incestuous and emotionally abusive relationship.^[1]

On the big screen Gabel completed production on the Universal Pictures coming-of-age drama, Take Me Home Tonight, starring Topher Grace. He appeared in the 2006 film version of Dan Brown’s novel, The Da Vinci Code, directed by his father-in-law Ron Howard.

Additional television credits include recurring and guest starring roles on United States of Tara, The Closer, Law & Order: Special Victims Unit, CSI: Crime Scene Investigation, Sex and the City and 100 Centre Street, directed by Sidney Lumet.

He also starred in Dirty Sexy Money as Jeremy Darling, the charming, rebellious and exceedingly idiosyncratic son of the privileged and powerful Darling family, and the fraternal twin of socialite Juliet Darling, played by Samaire Armstrong.^[1]

During the 2010–11 TV season, Gabel appeared on the FOX series Fringe as Lincoln Lee, a supporting character who is a visiting agent drawn into an FBI investigation with the main cast. He also has appeared more frequently on "Fringe" in a supporting role as "the other" Lincoln Lee, who in an alternate universe is a team leader of the Fringe Division, a special-cases investigative unit of what (in that world) was previously known as the FBI. Gabel is now a full-time series regular for Fringe's fourth season.^[2]

Personal life[link]

Gabel was born in Hollywood, Florida. He is Jewish.^[3] He graduated from University School of Nova Southeastern University in Davie, Florida in 1999, and from New York University's Tisch School of the Arts.^{[citation needed]}

Gabel met actress Bryce Dallas Howard (daughter of actor/director Ron Howard) at New York University, and they dated for five years before marrying on June 17, 2006, in Greenwich, Connecticut. They have two children: son Theodore "Theo" (born 2007)^[4] and daughter Beatrice (born 2012).^[5]

Filmography[link]

• Recalled (2011) as Lieutenant Danny Sefton
• Fringe (TV Series) (2010-2012) as Lincoln Lee
• Take Me Home Tonight (2011) as Brent
• Jonah Hex (2010) as Adviser
• United States of Tara (2010) as Zach
• CSI: Crime Scene Investigation (TV series) (2004/2010) as Gavin ‘Rex’ Layne / Larry Colton
• Jerry (2009) as Jerry’s Friend #2
• Dirty Sexy Money (2007/2009) as Jeremy Darling
• Good Dick (2008) as Kissing Man
• The Da Vinci Code (2008) as Michael
• Beyond (TV Movie) (2008) as David Wuhlman
• The Closer (TV series) (2005) as Nikolai Koslov
• Law & Order: Special Victims Unit (TV series) (2005) as Garrett Perle
• Nip/Tuck (TV series) (2004) as Adrian Moore
• The Division (TV series) (2004) as Mikhail Ominsky
• The Lyon’s Den (TV series) (2003) as Beau Van Hessche
• Sex and the City (TV series) (2002) as Sweet Young Sailor
• 100 Centre Street (TV series) (2002) as James Bass
• Tadpole (2002) as Mike (uncredited)

References[link]

External links[link]

Wikimedia Commons has media related to: Seth Gabel

• Seth Gabel at the Internet Movie Database

John Wayne
John Wayne in Rio Bravo (1959)
Born	Marion Robert Morrison (1907-05-26)May 26, 1907 Winterset, Iowa, U.S.
Died	June 11, 1979(1979-06-11) (aged 72) Los Angeles, California, U.S.
Cause of death	Stomach cancer
Other names	Marion Mitchell Morrison; "The Duke"; Duke Morrison; Marion Michael Morrison
Education	Glendale High School
Alma mater	University of Southern California
Occupation	Actor, director, producer
Years active	1926–1976
Home town	Glendale, California
Political party	Republican
Spouse	Josephine Alicia Saenz 1933–1945 (divorce) Esperanza Baur 1946–1954 (divorce) Pilar Pallete 1954–1979 (his death)
Website
http://www.johnwayne.com

Marion Mitchell Morrison (born Marion Robert Morrison; May 26, 1907 – June 11, 1979), better known by his stage name John Wayne, was an American film actor, director and producer.^[1] An Academy Award-winner, Wayne was among the top box office draws for three decades,^[2][3] and was named the all-time top money-making star.^[4] An enduring American icon, he epitomized rugged masculinity and is famous for his demeanor, including his distinctive calm voice, walk, and height.

Wayne was born in Winterset, Iowa but his family relocated to the greater Los Angeles area when he was four years old. He found work at local film studios when he lost his football scholarship to USC as a result of a bodysurfing accident.^[5] Initially working for the Fox Film Corporation, he mostly appeared in small bit parts. His acting breakthrough came in 1939 with John Ford's Stagecoach, making him an instant star. Wayne would go on to star in 142 pictures, primarily typecast in Western films.

Among his best known films are The Quiet Man (1952), which follows him as an Irish-American boxer and his love affair with a fiery spinster played by Maureen O'Hara; The Searchers (1956), in which he plays a Civil War veteran who seeks out his abducted niece; Rio Bravo (1959), playing a Sheriff with Dean Martin; True Grit (1969), playing a humorous U.S. Marshal who sets out to avenge a man's death in the role that won Wayne an Academy Award; and The Shootist (1976), his final screen performance in which he plays an aging gunslinger battling cancer.

Wayne moved to Orange County, California in the 1960s, and was a prominent Republican in Hollywood, supporting anti-communist positions.^[6] He died of stomach cancer in 1979. In June 1999, the American Film Institute named Wayne 13th among the Greatest Male Screen Legends of All Time.

Early life[link]

Wayne was born Marion Robert Morrison at 216 South Second Street in Winterset, Iowa.^[7] His middle name was soon changed from Robert to Mitchell when his parents decided to name their next son Robert.^{[6][8][9][10][11]}

The house in Winterset, Iowa in which Wayne was born in 1907

Wayne's father, Clyde Leonard Morrison (1884–1937), was the son of American Civil War veteran Marion Mitchell Morrison (1845–1915). Wayne's mother, the former Mary "Molly" Alberta Brown (1885–1970), was from Lancaster County, Nebraska. Wayne was of Scots-Irish and Scottish descent on both sides of his family, and he was brought up as a Presbyterian.^[12][13]

Wayne's family moved to Palmdale, California, and then in 1911 to Glendale, California, where his father worked as a pharmacist. A local fireman at the station on his route to school in Glendale started calling him "Little Duke" because he never went anywhere without his huge Airedale Terrier, Duke.^[14][15] He preferred "Duke" to "Marion", and the name stuck for the rest of his life.

As a teen, Wayne worked in an ice cream shop for a man who shod horses for Hollywood studios. He was also active as a member of the Order of DeMolay, a youth organization associated with the Freemasons. He attended Wilson Middle School in Glendale. He played football for the 1924 champion Glendale High School team.^[16]

Wayne applied to the U.S. Naval Academy, but was not accepted. He instead attended the University of Southern California (USC), majoring in pre-law. He was a member of the Trojan Knights and Sigma Chi fraternities.^[17] Wayne also played on the USC football team under coach Howard Jones. An injury curtailed his athletic career; Wayne later noted he was too terrified of Jones's reaction to reveal the actual cause of his injury, which was bodysurfing at the "Wedge" at the tip of the Balboa Peninsula in Newport Beach.^[18] He lost his athletic scholarship and, without funds, had to leave the university.^[19][20]

Wayne began working at the local film studios. Prolific silent western film star Tom Mix had found him a summer job in the prop department in exchange for football tickets. Wayne soon moved on to bit parts, establishing a longtime friendship with the director who provided most of those roles, John Ford. Early in this period, Wayne appeared with his USC teammates playing football in Brown of Harvard (1926), The Dropkick (1927), and Salute (1929) and Columbia's Maker of Men (filmed in 1930, released in 1931).^[21]

Film career[link]

Early career and breakthrough[link]

Born to the West (1937)

While working for Fox Film Corporation in bit roles, he was given on-screen credit as "Duke Morrison" only once, in Words and Music (1929). In 1930, director Raoul Walsh saw him moving studio furniture while working as a prop boy and cast him in his first starring role in The Big Trail (1930). For his screen name, Walsh suggested "Anthony Wayne", after Revolutionary War general "Mad Anthony" Wayne. Fox Studios chief Winfield Sheehan rejected it as sounding "too Italian". Walsh then suggested "John Wayne". Sheehan agreed, and the name was set. Wayne himself was not even present for the discussion.^[22] His pay was raised to $105 a week.

The Big Trail was to be the first big-budget outdoor spectacle of the sound era, made at a staggering cost of over $2 million, using hundreds of extras and wide vistas of the American southwest, still largely unpopulated at the time. To take advantage of the breathtaking scenery, it was filmed in two versions, a standard 35mm version and another in the new 70 mm Grandeur film process using innovative camera and lenses. Many in the audience who saw it in Grandeur stood and cheered. Unfortunately, only a handful of theaters were equipped to show the film in its widescreen process, and the effort was largely wasted. The film was considered a huge flop.^[23]

After the commercial failure of The Big Trail, Wayne was relegated to small roles in A-pictures, including Columbia's The Deceiver (1931), in which he played a corpse. He appeared in the serial The Three Musketeers (1933), an updated version of the Alexandre Dumas novel in which the protagonists were soldiers in the French Foreign Legion in then-contemporary North Africa. He appeared in many low-budget "Poverty Row" westerns, mostly at Monogram Pictures and serials for Mascot Pictures Corporation. By Wayne's own estimation, he appeared in about eighty of these horse operas from 1930 to 1939.^[24] In Riders of Destiny (1933) he became one of the first singing cowboys of film, albeit via dubbing.^[25] Wayne also appeared in some of the Three Mesquiteers westerns, whose title was a play on the Dumas classic. He was mentored by stuntmen in riding and other western skills.^[21] He and famed stuntman Yakima Canutt developed and perfected stunts still used today.^[26]

Wayne's breakthrough role came with director John Ford's classic Stagecoach (1939). Because of Wayne's non-star status and track record in low-budget westerns throughout the 1930s, Ford had difficulty getting financing for what was to be an A-budget film. After rejection by all the top studios, Ford struck a deal with independent producer Walter Wanger in which Claire Trevor — a much bigger star at the time — received top billing. Stagecoach was a huge critical and financial success, and Wayne became a star.

America's entry into World War II resulted in a deluge of support for the war effort from all sectors of society, and Hollywood was no exception. Wayne was exempted from service due to his age (34 at the time of Pearl Harbor) and family status, classified as 3-A (family deferment). He repeatedly wrote to John Ford, asking to be placed in Ford's military unit, but consistently postponed it until "after he finished one more film",^[27] Wayne did not attempt to prevent his reclassification as 1-A (draft eligible), but Republic Studios was emphatically resistant to losing him; Herbert J. Yates, President of Republic, threatened Wayne with a lawsuit if he walked away from his contract^[28] and Republic Pictures intervened in the Selective Service process, requesting Wayne's further deferment.^[29]

Wayne toured U.S. bases and hospitals in the South Pacific for three months in 1943 and 1944.^[30] By many accounts, Wayne's failure to serve in the military was the most painful experience of his life.^[31] His widow later suggested that his patriotism in later decades sprang from guilt, writing: "He would become a 'superpatriot' for the rest of his life trying to atone for staying home."^[32]

Commercial success[link]

Wake of the Red Witch (1948)

Wayne's first color film was Shepherd of the Hills (1941), in which he co-starred with his longtime friend Harry Carey. The following year, he appeared in his only film directed by Cecil B. DeMille, the Technicolor epic Reap the Wild Wind (1942), in which he co-starred with Ray Milland and Paulette Goddard; it was one of the rare times he played a character with questionable values. He would appear in more than twenty of John Ford's films throughout the next two decades, including She Wore a Yellow Ribbon (1949), The Quiet Man (1952), The Searchers (1956), The Wings of Eagles (1957), and The Man Who Shot Liberty Valance (1962).

In 1949, director Robert Rossen offered the starring role of All the King's Men to Wayne. Wayne refused, believing the script to be un-American in many ways.^[33] Broderick Crawford, who eventually got the role, won the 1949 Oscar for best male actor, ironically beating out Wayne, who had been nominated for Sands of Iwo Jima.

He lost the leading role in The Gunfighter (1950) to Gregory Peck due to his refusal to work for Columbia Pictures because its chief, Harry Cohn, had mistreated him years before when he was a young contract player. Cohn had bought the project for Wayne, but Wayne's grudge was too deep, and Cohn sold the script to Twentieth Century Fox, which cast Peck in the role Wayne badly wanted but for which he refused to bend.^[33]

One of Wayne's most popular roles was in The High and the Mighty (1954), directed by William Wellman, and based on a novel by Ernest K. Gann. His portrayal of a heroic copilot won widespread acclaim. Wayne also portrayed aviators in Flying Tigers (1942), Flying Leathernecks (1951), Island in the Sky (1953), The Wings of Eagles (1957), and Jet Pilot (1957).

The Searchers (1956) continues to be widely regarded as perhaps Wayne's finest and most complex performance. In 2006, Premiere Magazine ran an industry poll in which Wayne's portrayal of Ethan Edwards was rated the 87th greatest performance in film history. He named his youngest son Ethan after the character.

Later career[link]

John Wayne won a Best Actor Oscar for True Grit (1969). Wayne was also nominated as the producer of Best Picture for The Alamo (1960), one of two films he directed. The other was The Green Berets (1968), the only major film made during the Vietnam War to support the war.^[19] During the filming of Green Berets, the Degar or Montagnard people of Vietnam's Central Highlands, fierce fighters against communism, bestowed on Wayne a brass bracelet that he wore in the film and all subsequent films.^[33]

An interview Wayne gave in 1971 to Playboy magazine became a hot topic, as Wayne made headlines for controversial remarks about social issues and race relations in the United States.^[34] His comments about the perceived lack of leadership experience among black people and inequities of the past made headlines.^[34] In the same interview he expressed his support for the Vietnam War.

His last film was The Shootist (1976), whose main character, J. B. Books, was dying of cancer — the illness to which Wayne himself succumbed three years later. According to the Internet Movie Database, Wayne played the lead in 142 of his film appearances.

Wayne in The Challenge of Ideas (1961)

Batjac, the production company co-founded by Wayne, was named after the fictional shipping company Batjak in Wake of the Red Witch (1948), a film based on the novel by Garland Roark. (A spelling error by Wayne's secretary was allowed to stand, accounting for the variation.)^[33] Batjac (and its predecessor, Wayne-Fellows Productions) was the arm through which Wayne produced many films for himself and other stars. Its best-known non-Wayne production was the highly acclaimed Seven Men From Now (1956), which started the classic collaboration between director Budd Boetticher and star Randolph Scott.

In the Motion Picture Herald Top Ten Money-Making Western Stars poll, Wayne was listed in 1936 and 1939.^[35] He appeared in the similar Box Office poll in 1939 and 1940.^[36] While these two polls are really an indication only of the popularity of series stars, Wayne also appeared in the Top Ten Money Makers Poll of all films from 1949 to 1957 and 1958 to 1974, taking first place in 1950, 1951, 1954 and 1971. With a total of 25 years on the list, Wayne has more appearances than any other star, beating Clint Eastwood (21) into second place.^[37]

In later years, Wayne was recognized as a sort of American natural resource, and his various critics, of his performances and his politics, viewed him with more respect. Abbie Hoffman, the radical of the 1960s, paid tribute to Wayne's singularity, saying, "I like Wayne's wholeness, his style. As for his politics, well — I suppose even cavemen felt a little admiration for the dinosaurs that were trying to gobble them up."^[38] Reviewing The Cowboys (1972), Vincent Canby of the New York Times, who did not particularly care for the film, wrote: "Wayne is, of course, marvelously indestructible, and he has become an almost perfect father figure."

Personal life[link]

Wayne was married three times and divorced twice. His wives were Josephine Alicia Saenz, Esperanza Baur, and Pilar Pallete. He had four children with Josephine: Michael Wayne (November 23, 1934 – April 2, 2003), Mary Antonia "Toni" Wayne LaCava (February 25, 1936  — December 6, 2000), Patrick Wayne (born July 15, 1939), and Melinda Wayne Munoz (born December 3, 1940). He had three more children with Pilar: Aissa Wayne (born March 31, 1956), John Ethan Wayne (born February 22, 1962), and Marisa Wayne (born February 22, 1966).

Wayne with third wife Pilar Pallete at Knott's Berry Farm in 1971

Several of Wayne's children entered the film and television industry; Wayne's son Ethan was billed as John Ethan Wayne in a few films, and played one of the leads in the 1990s update of the Adam-12 television series.

His stormiest divorce was from Esperanza Baur, a former Mexican actress. She convinced herself that Wayne and co-star Gail Russell were having an affair. The night the film Angel and the Badman (1947) wrapped, there was the usual party for cast and crew, and Wayne came home very late. Esperanza was in a drunken rage by the time he arrived, and she attempted to shoot him as he walked through the front door.^[33]

Wayne had several high-profile affairs, including one with Marlene Dietrich that lasted for three years.^[39] In the years prior to his death, Wayne was romantically involved with his former secretary Pat Stacy (1941–1995).^[19] She published a biography of her life with him entitled Duke: A Love Story in 1983.^[40]

Wayne's hair began thinning in the 1940s, and he started wearing a hairpiece by the end of that decade. He was occasionally seen in public without the hairpiece (notably, according to Life magazine, at Gary Cooper's funeral).^[41] During a widely noted appearance at Harvard University, Wayne was asked by a student, "Where did you get that phony hair?" He responded, "It's not phony. It's real hair. Of course, it's not mine, but it's real."^[42]

A close friend of Wayne's, California Congressman Alphonzo Bell, wrote of him, "Duke's personality and sense of humor were very close to what the general public saw on the big screen. It is perhaps best shown in these words he had engraved on a plaque: 'Each of us is a mixture of some good and some not so good qualities. In considering one's fellow man it's important to remember the good things ... We should refrain from making judgments just because a fella happens to be a dirty, rotten SOB.'"^[43]

Wayne biographer Michael Munn chronicled Wayne's drinking habits.^[15] According to Sam O'Steen's memoir, Cut to the Chase, studio directors knew to shoot Wayne's scenes before noon, because by afternoon he "was a mean drunk".^[44] He had been a chain-smoker of cigarettes since young adulthood and was diagnosed with lung cancer in 1964. He underwent successful surgery to remove his entire left lung^[45] and four ribs. Despite efforts by his business associates to prevent him from going public with his illness for fear that it would cost him work, Wayne announced he had cancer and called on the public to get preventive examinations. Five years later, Wayne was declared cancer-free. Despite the fact that his diminished lung capacity left him incapable of prolonged exertion and frequently in need of supplemental oxygen, within a few years of his operation he chewed tobacco and began smoking cigars until the day he died.^{[citation needed]}

Wayne's height has been perennially described as at least 6'4" (193 cm).^[46] He was a Freemason, a Master Mason in Marion McDaniel Lodge #56 F&AM, in Tucson, Arizona. He became a 32nd Degree Scottish Rite Mason and later joined the Al Malaikah Shrine Temple in Los Angeles. He became a member of the York Rite.^[47] During the early 1960s, John Wayne traveled extensively to Panama, during which he purchased the island of Taborcillo off the main coast. It was sold by his estate at his death and changed hands many times before being opened as a tourist attraction.^{[citation needed]}

Wayne's yacht, the Wild Goose, was one of his favorite possessions. He kept it docked in Newport Harbor and it was listed on the U.S. National Register of Historic Places in 2011.^[48]

Politics[link]

Throughout most of his life, Wayne was a vocally prominent conservative Republican. Initially a self-described socialist during his college years, he voted for Democratic President Franklin D. Roosevelt in the 1936 presidential election and expressed admiration for Roosevelt's successor, fellow Democratic President Harry S Truman.^[49] He took part in creating the Motion Picture Alliance for the Preservation of American Ideals in February 1944 and was elected president of that organization in 1947. An ardent anti-communist and vocal supporter of the House Un-American Activities Committee, in 1952 he made Big Jim McLain to show his support for the anti-communist cause. Recently declassified Soviet documents reveal that despite being a fan of Wayne's movies, Soviet premier Joseph Stalin ordered Wayne's assassination as a result of his frequently-espoused anti-communist politics.^[50][51]

Wayne meets with President Richard Nixon and Henry Kissinger in San Clemente, California, July 1972

Wayne supported Vice President Richard Nixon in the presidential election of 1960, but expressed his vision of patriotism when John F. Kennedy won the election: "I didn't vote for him but he's my president, and I hope he does a good job."^[52] He used his iconic star power to support conservative causes, including rallying support for the Vietnam War by producing, co-directing, and starring in the critically panned The Green Berets in 1968. In a 1971 interview with Playboy magazine Wayne responded to questions about whether entitlement programs including Medicare and Social Security were good for the country:

I know all about that. In the late Twenties, when I was a sophomore at USC, I was a socialist myself — but not when I left. The average college kid idealistically wishes everybody could have ice cream and cake for every meal. But as he gets older and gives more thought to his and his fellow man's responsibilities, he finds that it can't work out that way — that some people just won't carry their load ... I believe in welfare — a welfare work program. I don't think a fella should be able to sit on his backside and receive welfare. I'd like to know why well-educated idiots keep apologizing for lazy and complaining people who think the world owes them a living. I'd like to know why they make excuses for cowards who spit in the faces of the police and then run behind the judicial sob sisters. I can't understand these people who carry placards to save the life of some criminal, yet have no thought for the innocent victim.^[34]

Due to his enormous popularity and his status as the most famous Republican star in Hollywood, wealthy Texas Republican Party backers asked Wayne to run for national office in 1968, as had his friend and fellow actor Senator George Murphy. He declined, joking that he did not believe the public would seriously consider an actor in the White House. Instead he supported his friend Ronald Reagan's runs for Governor of California in 1966 and 1970. He was asked to be the running mate for Democratic Alabama Governor George Wallace in 1968, rejecting the offer^[6] and actively campaigned for Richard Nixon;^[53] Wayne addressed the Republican National Convention on its opening day in August 1968. He was also a member of the conservative, anti-communist John Birch Society.^[54]

Wayne openly differed with the Republican Party over the issue of the Panama Canal, as he supported the Panama Canal Treaty in the mid-1970s;^[55] conservatives had wanted the U.S. to retain full control of the canal, but Wayne believed that the Panamanians had the right to the canal and sided with President Jimmy Carter and the Democrats. Mr. Wayne was a close friend of the late Panamanian leader Omar Torrijos Herrera and Wayne's first wife, Josephine, was a native of Panama.^[56]

Death[link]

Although he enrolled in a cancer vaccine study in an attempt to ward off the disease,^[45] John Wayne died of stomach cancer on June 11, 1979, at the UCLA Medical Center, and was interred in the Pacific View Memorial Park cemetery in Corona del Mar. According to his son Patrick and his grandson Matthew Muñoz, a priest in the California Diocese of Orange, he converted to Roman Catholicism shortly before his death.^[57][58] He requested his tombstone read "Feo, Fuerte y Formal", a Spanish epitaph Wayne described as meaning "ugly, strong and dignified".^[59] However, the grave, unmarked for twenty years, is now marked with a quotation from his controversial 1971 Playboy interview: "Tomorrow is the most important thing in life. Comes into us at midnight very clean. It's perfect when it arrives and it puts itself in our hands. It hopes we've learned something from yesterday."^[60][61][62]

Among the 220 or so cast and crew who filmed the 1956 film, The Conqueror, on location near St. George, Utah, 91 at various times developed some form of cancer (41%), including stars Wayne, Susan Hayward, and Agnes Moorehead, and director Dick Powell. The film was shot in southwestern Utah, east of and generally downwind from the site of recent U.S. Government nuclear weapons tests in southeastern Nevada. Although the 41% incidence of cancer in the cast and crew is very close to that of the general population,^[63] many contend radioactive fallout from these tests contaminated the film location and poisoned the film crew working there.^[64][65] Despite the suggestion that Wayne's 1964 lung cancer and his 1979 stomach cancer resulted from nuclear contamination, he himself believed his lung cancer to have been a result of his six-pack-a-day cigarette habit.^[66]

Legacy[link]

Awards, celebrations, and landmarks[link]

John Wayne's enduring status as an iconic American was formally recognized by the U.S. government by awarding him the two highest civilian decorations. He was recognized by the United States Congress on May 26, 1979, when he was awarded the Congressional Gold Medal. Hollywood figures and American leaders from across the political spectrum, including Maureen O'Hara, Elizabeth Taylor, Frank Sinatra, Mike Frankovich, Katharine Hepburn, General and Mrs. Omar Bradley, Gregory Peck, Robert Stack, James Arness, and Kirk Douglas, testified to Congress of the merit and deservedness of this award. Most notable was the testimony of Robert Aldrich, then president of the Directors Guild of America, who said:

"It is important for you to know that I am a registered Democrat and, to my knowledge, share none of the political views espoused by Duke. However, whether he is ill disposed or healthy, John Wayne is far beyond the normal political sharp shooting in this community. Because of his courage, his dignity, his integrity, and because of his talents as an actor, his strength as a leader, his warmth as a human being throughout his illustrious career, he is entitled to a unique spot in our hearts and minds. In this industry, we often judge people, sometimes unfairly, by asking whether they have paid their dues. John Wayne has paid his dues over and over, and I'm proud to consider him a friend and am very much in favor of my Government recognizing in some important fashion the contribution that Mr. Wayne has made."^{[citation needed]}

A nine-foot tall bronze statue of Wayne greets travelers at the John Wayne Airport in Orange County, California

On June 9, 1980, Wayne was posthumously awarded the Presidential Medal of Freedom by President Jimmy Carter, at whose inaugural ball Wayne had appeared "as a member of the loyal opposition," as Wayne described it in his speech to the gathering.

Various public locations are named in honor of Wayne, including the John Wayne Airport in Orange County, California, where a nine-foot bronze statue of him stands at the entrance; the John Wayne Marina^[67] that Wayne bequeathed the land for, near Sequim, Washington; John Wayne Elementary School (P.S. 380) in Brooklyn, New York, which boasts a 38-foot mosaic mural commission by New York artist Knox Martin^[68] entitled "John Wayne and the American Frontier";^[69] and a 100-plus-mile trail named the "John Wayne Pioneer Trail" in Washington state's Iron Horse State Park. A larger than life-size bronze statue of Wayne atop a horse was erected at the corner of La Cienega Boulevard and Wilshire Boulevard in Beverly Hills, California at the former offices of the Great Western Savings & Loan Corporation, for whom Wayne had made a number of commercials. In the city of Maricopa, Arizona, part of Arizona State Route 347 is named John Wayne Parkway, which runs through the center of town.

In 2006, friends of Wayne's and his former Arizona business partner, Louis Johnson, inaugurated the "Louie and the Duke Classics" events benefiting the John Wayne Cancer Foundation^[70] and the American Cancer Society.^[71][72] The weekend long event each fall in Casa Grande, Arizona includes a golf tournament, an auction of John Wayne memorabilia and a team roping competition.^[71]

Several celebrations took place on May 26, 2007, the centennial of Wayne's birth. A celebration at the John Wayne birthplace in Winterset, Iowa, included chuck-wagon suppers, concerts by Michael Martin Murphey and Riders in the Sky, a Wild West Revue in the style of Buffalo Bill's Wild West show, and a Cowboy Symposium with Wayne's co-stars, producers, and costumer. Wayne's films ran repetitiously at the local theater. Ground was broken for the New John Wayne Birthplace Museum and Learning Center at a ceremony consisting of over 30 of Wayne's family members, including Melinda Wayne Munoz, Aissa, Ethan and Marisa Wayne. Later that year California Governor Arnold Schwarzenegger and First Lady Maria Shriver inducted Wayne into the California Hall of Fame, located at The California Museum for History, Women and the Arts.^[73]

Cultural image as an American icon[link]

As a special guest star, with Lucille Ball (left) in I Love Lucy, 1955

Wayne rose beyond the typical recognition for a famous actor to that of an enduring icon who symbolized and communicated American values and ideals. By the middle of his career, Wayne had developed a larger-than-life image, and as his career progressed, he selected roles that would not compromise his off-screen image. By the time of his last film The Shootist (1976), Wayne refused to allow his character to shoot a man in the back as was originally scripted,^[74] saying "I've made over 250 pictures and have never shot a guy in the back. Change it."

Wayne's rise to being the quintessential movie war hero began to take shape four years after World War II, when Sands of Iwo Jima (1949) was released. His footprints at Grauman's Chinese theater in Hollywood were laid in concrete that contained sand from Iwo Jima.^[75] His status grew so large and legendary that when Japanese Emperor Hirohito visited the United States in 1975, he asked to meet John Wayne, the symbolic representation of his country's former enemy.^[76]

Wayne was a popular visitor to the war zones in World War II, Korea, and Vietnam. By the 1950s, perhaps in large part due to the military aspect of films such as the Sands of Iwo Jima, Flying Tigers, They Were Expendable, and the Ford cavalry trilogy, Wayne had become an icon to all the branches of the United States Armed Forces, even in light of his actual lack of military service. Many veterans have said their reason for serving was in some part related to watching Wayne's movies. His name is attached to various pieces of gear, such as the P-38 "John Wayne" can opener, so named because "it can do anything", paper towels known as "John Wayne toilet paper" because "it's rough and it's tough and don't take shit off no one," and C-ration crackers are called "John Wayne crackers" because presumably only someone as tough as Wayne could eat them. A rough and rocky mountain pass used by military tanks and jeeps at Fort Irwin in San Bernardino County, California, is aptly named "John Wayne Pass".