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.

Quote by John Kenneth Galbraith

Topics: John Kenneth Galbraith Quotes

All of the great leaders have had one characteristic in common: it was the willingness...

All of the great leaders have had one characteristic in common: it was the willingness...

The total alteration in underlying circumstances has not been squarely faced, As a result, we...

The total alteration in underlying circumstances has not been squarely faced, As a result, we...

You will find that the State is the kind of organization which, though it does...

You will find that the State is the kind of organization which, though it does...

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

When people put their ballots in the boxes, they are, by that act, inoculated against...

When people put their ballots in the boxes, they are, by that act, inoculated against...

Few people at the beginning of the nineteenth century needed an adman to tell them...

Few people at the beginning of the nineteenth century needed an adman to tell them...

Politics is the art of choosing between the disastrous and the unpalatable.

Politics is the art of choosing between the disastrous and the unpalatable.

There's a certain part of the contented majority who love anybody who is worth a...

There's a certain part of the contented majority who love anybody who is worth a...

Liberalism is, I think, resurgent. One reason is that more and more people are so...

Liberalism is, I think, resurgent. One reason is that more and more people are so...

Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

Wisdom itself is often an abstraction associated not with fact or reality but with the...

Wisdom itself is often an abstraction associated not with fact or reality but with the...

Money differs from an automobile or mistress in being equally important to those who have...

Money differs from an automobile or mistress in being equally important to those who have...

In economics, the majority is always wrong.

In economics, the majority is always wrong.

All successful revolutions are the kicking in of a rotten door.

All successful revolutions are the kicking in of a rotten door.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

Power is not something that can be assumed or discarded at will like underwear.

Power is not something that can be assumed or discarded at will like underwear.

In economics, hope and faith coexist with great scientific pretension and also a deep desire...

In economics, hope and faith coexist with great scientific pretension and also a deep desire...

Under capitalism, man exploits man. Under communism, it's just the opposite.

Under capitalism, man exploits man. Under communism, it's just the opposite.

In any great organization it is far, far safer to be wrong with the majority...

In any great organization it is far, far safer to be wrong with the majority...