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Quote, Unquote: The Pay Czar Speaks Out

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Who was talking the talk this week?

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Welcome to Minyanville's quotes of the week, served up with some quotable historical context for your Friday enjoyment.

"Anybody making $100 million a year is engaged in excessive risk."
-- Pay Czar Kenneth Feinberg on Wall Street compensation



"Only those who will risk going too far can possibly find out how far one can go."
-- T. S. Eliot



***

"Unemployment is likely to remain at its severely elevated level"
-- Christina Romer, chairwoman of the White House Council of Economic Advisers, on her outlook for 2010.



"Most people work just hard enough not to get fired and get paid just enough money not to quit."
-- George Carlin



***

"I would be greatly concerned if Freddie Mac, by conditioning departing employees' severance payments on contractual gags, is preventing investors from learning what really happened,"
-- Rob McCord, Pennsylvania's state treasurer, whose state lost millions of dollars on Freddie Mac (FRE) shares



"There's a world of difference between truth and facts. Facts can obscure the truth."
--Maya Angelou




***

"By refusing to agree appropriate terms for Nokia's intellectual property, Apple is attempting to get a free ride on the back of Nokia's innovation,"
-- Ilkka Rahnasto, vice president for legal and intellectual property at Nokia (NOK), claiming Apple's (AAPL) iPhone violates 10 patents for wireless transmission technologies.



"Doesn't the fight for survival also justify swindle and theft? In self defense, anything goes."
-- Imelda Marcos

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