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Doug DeVos

Co-Chairman of the Board, Amway Corporation

Search every verified Doug DeVos interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Doug DeVos, co-chairman of Amway, appeared in two podcast episodes in late August and early September 2026 to discuss the company's 70-year history and its foundational principles. In the interviews, he recounted the 1959 founding of Amway by Rich DeVos and Jay Van Andel in a Michigan basement, describing their four core beliefs of freedom, family, hope, and reward, and the corresponding values of partnership, integrity, personal worth, and responsibility. He stated that these principles are compatible with current entrepreneurial energy and help focus it through the Amway business model. DeVos emphasized the importance of new people to the company, saying that the most important commitment is toward new customers, partners, and distributors, and that the company's future depends on ensuring new individuals have a positive experience. He also discussed the advantages of being a family business, noting that it does not face the pressures of quarterly reports or analysts, and that the company must be true to itself and achieve results the right way. He described Amway as a shared home for millions of people worldwide with different backgrounds, and said the business relies on mutual connection between the company and its salesforce.

Recent appearances

Verified interview transcripts

Notable quotes

“Being a family business we don't have the pressures of quarterly reports. We don't have to go to the analysts or to the market to tell them all the great things we're going to do. We have to be true to ourselves. Now, we want to be successful. We want to be the best we can be. We want the right results. When people earn a lot of money, that's wonderful, but did they do it the right way?”

“Và chúng tôi đã tuân thủ toàn bộ những cái quy định, những luật pháp mà quy định đối với ngành này để chúng tôi có thể bắt đầu công việc kinh doanh này. Và chúng tôi làm tất cả tuân thủ quy luật của pháp luật, quy định của pháp luật. Không phải bởi vì chúng tôi bảo là phải làm như vậy mà chúng tôi muốn làm như vậy để có thể sự xây dựng công việc kinh doanh này một cách bền vững.”

“Chúng tôi đã tuân thủ toàn bộ những cái quy định, những luật pháp mà quy định đối với ngành này để chúng tôi có thể bắt đầu công việc kinh doanh này. Và chúng tôi làm tất cả tuân thủ quy luật của pháp luật, quy định của pháp luật. Không phải bởi vì chúng tôi bảo là phải làm như vậy mà chúng tôi muốn làm như vậy để có thể xây dựng công việc kinh doanh này một cách bền vững.”

“Success has always been highest in a competitive society in which the economic decisions are made by millions of progress seeking individuals rather than in a planned society in which those decisions are made by a handful of all powerful people. Regardless of how well-meaning, unselfish, sincere, or intelligent those people may be, we don't need to disparage that group. But it just goes to show or just proves and dem”

“Business as I come back to you. Business on a whole is a social good because you can't be successful at business if you're not providing value ultimately. You might get away with a things for a couple years, but you're not going to be able to build something of value long term if you're not providing value by this product or service that you're that you're selling.”

“The whole idea is that every society is going to be better when the economic decisions are in the hands of the millions of progress seeking individuals rather than in a state, you know, top-down society.”

The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →