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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.

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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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Quote by Barack Obama | QuoteProject