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07/11/2022 Source:  The Epoch Times
Author: EMEL AKAN AND ANNIE WU 1 min read

In the Business of Trust: Tech Entrepreneur and Nobel Peace Prize Nominee Keith Krach Shares the Secret to Good Leadership

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Keith Krach, former undersecretary of state and current billionaire entrepreneur, first started working at his father’s Ohio mechanics shop when he was 12. As he worked alongside his father, those valuable lessons his father imparted became the principles by which Krach has conducted business, from the time he was the youngest vice president of GM to his Silicon Valley ventures. They also inspired the goal Krach wanted to achieve during his time in public service: propelling America’s tech innovations so that she can continue to be the world’s foremost economic power.

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It was one of the greatest collaboration experiences I ever had, whether it was as Under Secretary of State or CEO. It was about trust. TSMC opened their books to us. We opened our thoughts to them, and we made the $12 billion deal happen in two weeks’ time. Up to that point, it was the largest onshoring in U.S. history. It was based on our word to do our best in helping cover their incremental costs. The caveat was no guarantees because, literally, “this will take an act of Congress.”

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A view of a gate to Harvard Yard on the campus of Harvard University. | Maddie Meyer/Getty Images
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Congress targets Harvard, Yale and top universities with China-linked endowments

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