Posts Tagged ‘employees’

David Packard: Profit Stockholders

Posted by admin on Saturday, August 13, 2022

Meaning of David Packard Money Quote: saying a business has to do more than to be profitable – it owes employees a debt. David Packard said:
 
A company has a responsibility beyond making a profit for stockholders; it has a responsibility to recognize the dignity of its employees as human  Quote
 

“A company has a responsibility beyond making a profit for stockholders; it has a responsibility to recognize the dignity of its employees as human beings, to the well-being of its customers, and to the community at large” — David Packard

 

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In this quote, David Packard seems to be expressing the view that businesses have ethical and social responsibilities that extend beyond just maximizing profits for shareholders. He argues companies should also recognize the inherent worth and dignity of employees as human beings with needs beyond their jobs.

Additionally, Packard believes businesses have a responsibility to consider the well-being of customers by producing quality products, and to give back to the broader community in some way.

This suggests Packard advocates for a concept of corporate social responsibility where companies acknowledge obligations to stakeholders like employees, customers and society, not just shareholders. He implies this holistic perspective is important for businesses to have a positive impact beyond the bottom line.

Sheryl Sandberg: Invest Employees

Posted by admin on Wednesday, August 28, 2019

Sheryl Sandberg Money Quote saying that investing in employees the needs of workers has a payback in loyalty from those workers. Sheryl Sandberg said:
 
I think we're shortsighted when we don't invest in our employees as companies, and as an economy, because we invest in them and they invest back in us Quote
 

“I think we’re shortsighted when we don’t invest in our employees as companies, and as an economy, because we invest in them and they invest back in us” — Sheryl Sandberg

 

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In this quote, Sheryl Sandberg is arguing that companies and economies are short-sighted when they fail to adequately invest in developing and supporting their employees. She suggests that by providing training, fair pay, benefits and opportunities for career growth to workers, it benefits both the individual employees as well as the companies/economy.

When workers’ skills are strengthened and their financial security/well-being addressed through such investments, they will be happier, healthier and more productive. This return on investment then flows back to benefit the companies/economy through higher morale, retention, innovation and overall economic activity from consumers who are also workers.

So Sandberg views supporting employees as a mutually beneficial strategy where both sides reap rewards, not just an expense. The quote conveys her perspective that a wise long-term approach recognizes employees as assets worthy of development for a sustainable win-win relationship.

Tim Miller: Trump Hotel Contractor Financed

Posted by admin on Saturday, January 7, 2017

Tim Miller Money Quote saying as the electrical contractor on the Washington D.C. Trump Hotel filing lien against Trump Organization for unpaid bills that it is financed by workers. Tim Miller said:
 
We’re a business. We have 700 employees that we pay every week. We have bills. We are effectively financing this work, and we don’t think it’s right Quote
 

“We’re a business. We have 700 employees that we pay every week. We have bills. We are effectively financing this work, and we don’t think it’s right” — Tim Miller

 

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This quote from Tim Miller is expressing frustration about financing work for a Donald Trump hotel project without being paid. Miller, as an electrical contractor, had employees to pay and bills to cover for the work his company was doing. However, it seems payment was not coming from the Trump organization in a timely manner.

Miller is saying that as a business, it is not right or sustainable for his company to have to “effectively finance” the work by fronting the costs without being reimbursed.

The quote suggests Miller felt his company was taking on too much financial risk and responsibility by working for Trump without proper compensation.

Stephen Colbert: Wells Fargo CEO Fired 5300

Posted by admin on Thursday, September 29, 2016

Stephen Colbert Money Quote saying about Wells Fargo Bank CEO John Stumpf blamed and fired 5300 low-level employees because they did what they were told by management. Stephen Colbert said:
 
Firing 5300 low level employees - leadership say the buck stops other places Quote
 

“Ol’ Stumpfy here, he stepped up and took personal responsibility … by firing 5300 low level employees he blamed for the problem. It takes true leadership to stand up and say the buck stops 5300 other places” — Stephen Colbert

 

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In this quote, Stephen Colbert is sarcastically criticizing John Stumpf’s handling of the Wells Fargo fraud scandal. When Stumpf blamed and fired over 5,300 low-level employees, Colbert mocks this by saying it takes real leadership to claim you’re accepting responsibility but then shift the blame entirely to thousands of other workers.

The best interpretation is that Colbert is using humor and exaggeration to highlight Stumpf’s disingenuousness in pinning the fault on employees rather than properly taking accountability himself as the CEO, in an attempt to deflect from his own oversight failures that enabled the fraudulent practices.

Colbert’s satire aims to point out the insincerity in Stumpf’s public statements and actions regarding the scandal.

Nick Hanauer: More Customers, More Money

Posted by admin on Thursday, January 7, 2016

Nick Hanauer Money Quotation saying better paid employees means more customers for business. Nick Hanauer said:
 
When workers have more money, businesses have more customers, and need more employees Quote
 

“When workers have more money, businesses have more customers, and need more employees” — Nick Hanauer

 

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In this quote, Nick Hanauer is arguing that when workers have more money due to higher wages, it benefits businesses. His point is that workers having more disposable income means they will spend more, which leads to more customers and demand for businesses.

With more customers, businesses will then need to hire more employees to help meet this increased demand.

Therefore, according to Hanauer, raising wages for workers not only helps the workers themselves, but also creates a stimulus for business growth and job creation.

By putting more money in the hands of regular consumers, it sets off a positive cycle where workers, businesses and the overall economy all benefit.

Sarah Anderson: Wall Street Bonus Pool

Posted by admin on Sunday, October 18, 2015

Sarah Anderson #IncomeInequality Quote saying bonuses paid to Wall Street employees is twice what ALL U.S. minimum wage employees earned. Sarah Anderson said:
 
bonuses doled out to Wall Street employees is double the annumal pay for all Americans who work at the minimum wage Quote
 

“The $28.5 billion in bonuses doled out to Wall Street employees is double the annual pay for all 1,007,000 Americans who work full-time at the current federal minimum wage of $7.25 per hour” — Sarah Anderson

 

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Sarah Anderson appears to be drawing attention to the vast disparity between compensation at the top of the financial industry versus the bottom rungs of the job market. She notes that the total bonuses awarded on Wall Street in a given year are over double the total annual wages of all American workers earning the current federal minimum wage when working full-time.

Anderson’s quote highlights how large bonuses are on Wall Street, while also juxtaposing this with how many low-wage jobs do not provide a living wage. She seems to be implicitly criticizing this huge gap and suggesting it reflects imbalances in the economy and priorities of corporations to enrich high earners rather than fairly pay all workers.

 

Wall-Street-Bonuses-2X-Min-Wage-Earnings

Source: Institute for Policy Studies

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