Select Page

“The business involvement which we have is a very, very minor part of our activity… We try to operate the few – and I emphasize that – the few business interests that we do have in a business-like prudent way, as any prudent business corporation would do, and use them for public good.”

~Gordon B. Hinckley, quoted in Ken Wells, Wall Street Journal – 9 November 1983, “The Mormon Church is Rich, Rapidly Growing and Very Controversial.” Page 1~

“But, in fact, the LDS Church has considerably more than a few business interests. The Church’s investments are enormous, constantly shifting to take advantage of profit margins in the stock market, and highly diversified. The Church runs a virtual business empire, with assets close to $8 billion [in 1985] by conservative estimates. These Church operations have been run basically for their economic returns and not necessarily for the public good.”

~John Heinerman and Anson Shule, The Mormon Corporate Empire, page 76; 1985~