Quote by John Kenneth Galbraith

The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.

The salary of the chief executive of a large corporation is

Summary

This quote suggests that the exorbitant salary of a CEO in a big company does not necessarily reflect their actual achievement or market value. Rather, it implies that such high salaries are often more of a self-rewarding gesture made by the CEO to themselves. In other words, the CEO may set their own highly-paid salary as a personal affirmation of their status and success, rather than it being directly linked to their performance or market forces.

Topics

By John Kenneth Galbraith

Liked the quote? Share it with your friends.

Random Quotations

The art of being a slave is to rule one's master.

The art of being a slave is to rule one's master.

You see how this House of Commons has begun to verify all th

You see how this House of Commons has begun to verify all the ill prophecies that were made of it -- low, vulgar, meddling with everything, assuming universal competency, and flattering every base passion -- and sneering at everything noble refined and truly national. The direct tyranny will come on by and by, after it shall have gratified the multitude with the spoil and ruin of the old institutions of the land.

Samuel Taylor Coleridge

Luck? I don't know anything about luck. I've never banked on

Luck? I don't know anything about luck. I've never banked on it, and I'm afraid of people who do. Luck to me is something else: hard work -- and realizing what is opportunity and what isn't.

Good managers have a bias for action.

Good managers have a bias for action.

Thomas J. Peters

Few tragedies can be more extensive than the stunting of lif

Few tragedies can be more extensive than the stunting of life, few injustices deeper than the denial of an opportunity to strive or even to hope, by a limit imposed from without, but falsely identified as lying within.

Stephen Jay Gould

Although believers by nature, are far from God, and children

Although believers by nature, are far from God, and children of wrath, even as others, yet it is amazing to think how nigh they are brought to him again by the blood of Jesus Christ.

George Whitefield

Wine makes a man more pleased with himself. I do not say tha

Wine makes a man more pleased with himself. I do not say that it makes him more pleasing to others.

Somewhere, everywhere, now hidden, now apparent in what ever

Somewhere, everywhere, now hidden, now apparent in what ever is written down, is the form of a human being. If we seek to know him, are we idly occupied?

No nation ever taxed itself into prosperity.

No nation ever taxed itself into prosperity.

My main objective is to prepare candidates for professional

My main objective is to prepare candidates for professional baseball however, the majority of our graduates will go home as much better qualified amateurs.

Religion is the call to confront reality to master the self.

Religion is the call to confront reality to master the self.

Modern art is what happens when painters stop looking at gir

Modern art is what happens when painters stop looking at girls and persuade themselves that they have a better idea.