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.

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Nature

By John Kenneth Galbraith

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