Ross Perot on Corporations
1992 & 1996 Reform Party Nominee for President
If you learn to do something better than anyone else, you will find that financial success comes as a byproduct. This has been certainly true in my case to a unique degree. Making money has never been one of my goals. If we had set out to create a vehicle to make money, I don't believe we would have been successful at all. Instead, we set out to build a great company made up of great people.
Don't expect the financial rewards to come quickly or easily. You would probably consider me to be quite successful at an early age. It took me 15 years to build up to an income that substantially exceeded our family's monthly needs. Unrealistic expectations can damage your effectiveness and potential.
Theoretically, the compensation of most upper level management in US companies is tied to the performance of their company. But in fact, bonuses get paid even though the company didnít have a good year. Thatís not good for the companies; thatís not good for stockholders; thatís not good for the country. It may be time for board members to exercise a lot more discretion when determining compensation for the managers of our domestic companies.
If these management guys want to make the really big bucks, they need to be TV anchormen, basketball players, or rock stars. Overpaying company executives damages morale and splits the team. Our overseas competitors understand this.
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George W. Bush (R,2001-2009)
Bill Clinton (D,1993-2001)
George Bush Sr. (R,1989-1993)
Ronald Reagan (R,1981-1989)
Jimmy Carter (D,1977-1981)
Gerald Ford (R,1974-1977)
Richard Nixon (R,1969-1974)
Lyndon Johnson (D,1963-1969)
John F. Kennedy (D,1961-1963)