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For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis isn't just bad taste, it's bad strategy, and I will not tolerate it as president.
Barack Obama
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Interpretation

What this quote means

This quote highlights the inappropriateness of excessive executive compensation during economic hardships.

In this statement, Barack Obama critiques the awarding of lavish compensation packages to top executives while the economy is struggling. He emphasizes that such actions not only reflect poor judgment but also undermine effective leadership and the ethical responsibility leaders have towards their organizations and society, asserting that he will not condone this behavior as president.

Themes

ExecutivesCompensationLeadershipEthicsEconomyResponsibility

In practice

Example use cases

During a speech about corporate responsibility, a leader might quote this to emphasize fair practices.

More from Barack Obama

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Now we're in the midst of not just advocating for change, not just calling for change - we're doing the grinding, sometimes frustrating work of delivering change - inch by inch, day by day.
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The government has to treat all citizens equally. I am a strong supporter not of a weak version of civil unions, but of a strong version, in which the rights that are conferred at the federal level to persons who are part of the same-sex union are compatible. When it comes to federal rights, the over 1,100 rights that right now are not being given to same-sex couples, I think that's unacceptable.
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Simple exchanges can break down walls between us, for when people come together and speak to one another and share a common experience, then their common humanity is revealed. We are reminded that we're joined together by our pursuit of a life that's productive and purposeful, and when that happens mistrust begins to fade and our smaller differences no longer overshadow the things that we share. And that's where progress begins.
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We've had every official in Hawaii, Democrat and Republican, every news outlet that has investigated this, confirm that, yes, in fact, I was born in Hawaii, Aug. 4, 1961, in Kapiolani Hospital.
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What is required of us now is a new era of responsibility - a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task. This is the price and the promise of citizenship.
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