A Quote by Chuka Umunna

Excessive pay and rewards for failure are bad for shareholders, the economy and society.

Chuka Umunna

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Bad Economy Excessive Failure Pay Rewards Shareholders Society

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Chuka Umunna
British - Politician
Born: October 17, 1978

Society is capricious and rewards the bad as often as the good. But it never rewards the quiet.

Julia Quinn

I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.

Warren Buffett

It is unreasonable to think we can earn rewards without being willing to pay their true price. It is always our choice whether or not we wish to pay the price for life's rewards.

Epictetus

Companies, to date, have often used the excuse that they are only beholden to their shareholders, but we need shareholders to think of themselves as stakeholders in the well being of society as well.

Simon Mainwaring

The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government, to improve the economy from the bottom up. This includes increasing facilities for debt forgiveness for under-water mortgages and excessive student loans; increased credit facilities for small businesses and cooperatives; helping to underwrite mechanisms for creating affordable housing in cities; and more restrictive enforcement of financial regulatory rules to help rein in excessive banker risk and pay.

Gerald Epstein

Economy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual and the material, and the best commodities to trade in are sincerity and love.

Morihei Ueshiba

The whole - it's the economy's bad. It's bad for everybody. I have my own comedy club. I opened it three years ago in a horrible economy. I created jobs. And we just started breaking even after a year and a half, barely. For that entire time, I have had to pay the difference of what we owe in rent and taxes and everything out of my own pocket.

Jon Lovitz

The fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders who trusted them, which had much more substantial consequences in the form of excessive fees and the promotion - as the market moved into the stratosphere - of technology funds and new economy funds which were soon to collapse.

John C. Bogle

People do what their society rewards them to do. If the society rewards trust, people will be trusting

Amish Tripathi

What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking.

Christina Romer

The American Revolution was sparked by a series of taxes and tariffs on tea. More recently, the Thatcher and Reagan 'revolutions' were rooted in overturning the status quo - excessive taxation - to empower the individual and encourage a free society and prosperous economy.

Priti Patel

Failure's inevitable. It happens all the time in a complex economy. And how did the economy produce all these amazing things that we have around us, computers and cell phones and so on? Well, the process was trial and error. There were a bunch of ideas, and the good ones grew and prospered, and the bad ones were pretty ruthlessly weeded out.

Tim Harford

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure.

Mark Skousen

I hope people understand that when you tax corporations that the concrete and the steel and the plastic don't pay. People pay. And so when you tax corporations, either the employees are going to pay or the shareholders are going to pay or the customers are going to pay. And so corporations are people.

Mitt Romney

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success.

Mark Skousen

What a shame to be so afraid of failure that you stop living. My wife has a great one-liner about failure: "Never consider yourself a failure-you can always serve as a bad example." She is right. Failure can be a better teacher than success.

Bernie Siegel

A Quote by Chuka Umunna

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