Shimon Peres Quotes
We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.
Peres, Shimon. No Room for Small Dreams: Courage, Imagination, and the Making of Modern Israel. Custom House, 2017.
There are some conservative economists and businessmen who believe that it is desirable to have some unemployment as a bulwark against inflation. If there are people without jobs, they will hold the general wage rates down.
The company’s profits were $5.7 billion--$45,000 per employee. He then imposed a 6 year wage freeze on long term employees and cut the wages of new employees. His compensation has increased 80 percent in the last 2 years. Most large corporation CEOs do not share this need for “unlimited” profits. Most set a target and then try and get the corporate team to reach or exceed it.
Shimon Peres was an Israeli politician who served both as ninth President of Israel, (2007–2014) and Prime Minister of Israel, as well as Interim Prime Minister. He was a member of twelve cabinets in a political career spanning nearly 70 years. Peres was elected to the Knesset in November 1959 and, except for a three-month-long hiatus in early 2006, was in office continuously until 2007, when he became President, being in that role for another seven years. At the time of his retirement in 2014, he was the world's oldest head of state. He was considered the last link to Israel's founding generation.