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Reducing the compensation of a CEO by half is not an easy decision. But for board members with shareholders to consider, tough decisions like these are sometimes necessary.
It’s the new adage of the marketing world: the secret to happiness is spending money on experiences, not things. While the desire for the latest gizmo has long fueled a culture of consumption, lasting memories can make a business a winning one.
There are no easy fixes to maintaining a workable balance between family and career; it is always a struggle. I have found that this sort of balance can only be achieved through clear focus and relentless personal discipline.