atans1

PAP-like quotes on Salaries

In Financial planning, Humour, Political economy on 15/10/2012 at 6:51 am

PAPpies will agree that these three quotes apply to the masses but that the second one doesn’t apply to ministers, the senior civil servants or senior GLC executives.

“Senior management’s job is to pay people. If they fuck a hundred guys out of a hundred grand each, that’s ten million more for them. They have four categories: happy, satisfied, dissatisfied, disgusted. If they hit happy, they’ve screwed up: they never want you happy. On the other hand, they don’t want you so disgusted you quit. The sweet spot is somewhere between dissatisfied and disgusted.”  Greg Lippman, banker, quoted in The Big Short by Michael Lewis (2010)

“Currencies fluctuate; commodity prices fluctuate. Why should we expect earnings to rise in a straight line upward?”  William Shenkir, academic

“The real minimum wage is zero.”  Thomas Sowell, economist (1930–), Controversial Essays (2002)

http://www.economist.com/blogs/schumpeter/2012/10/z-business-quotations-0

Tot those of you slaves who have to go to work need shume cheering up.

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  1. “The sweet spot is somewhere between dissatisfied and disgusted.”

    Grace, fully disgusted when earnings didn’t rise in a straight line upward because Gerard Ee was tasked with cutting ministers’ pay, but she did not quit.

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