Monday, September 21, 2020

Quote of the Day (Patricia Marx, Imagining a CEO Memo From the Last Recession)

“It has come to our attention that certain persons feel that executive-compensation packages have been unduly awarded. Management has zero tolerance for negativity. Moreover, now is not the time to play ‘the blame game.’ In days like these, we must tighten our belts and be team players. Note: Anyone who received a signing bonus will be required to return it, posthaste, with interest. In fairness, senior V.P.s were asked to give back the income from last year’s exercised options, but they concluded that the calculation would be difficult and onerous.”— American humorist Patricia Marx, “Shouts and Murmurs: Memo from the C.E.O.,” The New Yorker, Mar. 9, 2009

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