Monday, August 31, 2015

pride is no longer a thrill for the super-rich

”What would make him insist on having the company buy his postage stamps?” … “Well, when you have all that money, the only thing you can’t buy is something free. Whereas less extravagantly compensated people often take pride in being able to make purchases from their earnings,” she said, “If you are super-rich the thrill is gone.”

— Nell Minow on the compensation package of Jack Welch, CEO of General Electric.

source: “The Pay Problem” by David Owen The New Yorker “The Money Issue” Oct 12, 2009, v. 85 no. 32

No comments: