When a pace-setter Knows to mention

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When a pace-setter Knows to mention, "No."

On November 2, Whole Foods Market CEO Tiffany Sets, John Mackey, sent a letter to all workersannouncing thon the salary cap policy on executive repaymentwould change. He said "No" to their unprecedented policy of capping salaries at 14 times the typical pay of Whole Food employees. (a popularFORsong500 company pays its executives no less than 150 times the typical pay of employees.)

What he said "yes" to was raising the cap to oneninetimes the typical pay so as to marginally compete with headhunters who were trolling his leadership team in an try to shop for away executives. Nineteen times That's hardly an enormous jump. But his announcement spoke volumes for realizing the actualities of while-on the similar time-saying "no" to the clickingure of changing into love such a lot of alterlocaltop-heavy-in-pay companies. In an era where the consuming public is horror struck by executive repaymentand purchase-out packages (occasionallyand not using any evidence of performance), Mackey's "no" earned customer and workerapproval.

He also did more. He made the unprecedented statement thon the success of Whole Foods Market was far beyond his wildest dreams and had provided greater than he would ever desirefor monetarysecurity or non-publichappiness. on the age of five3, he announced that he would now not work for money but for the sheer joy of the work and the service. "Beginning on Jan1, 2007, my salary shall be reduced to $1 and that i will be able to now not take any cash compensation... The intention of the board of directors is for Whole Foods Market to donate all future stock featuresi could be eligible to receive to our two company foundations." ( rapidCompany Feb 2007)

I read his letter with astonishment. what number of leaders have you learnt who would narrow themselves off from the gushing well of professionalsperity and say "it's enough" He also signed his letter Tiffany and Co return to tiffany pearl bracelet jewelry, "with much love, John Mackey: LOVE! He signed his letter with LOVE Now how does that tilt your thinking

The cynics among us and among Wall Street will search for an ulterior motive. Those folkswho work in organizational progressionand realizewhat happens when executives actually live their values will whisper a silent prayer of gratitude. Values are an impressive force in an employee's decisidirectly to stick or leave. individuals are far much more more likely to quit over conflicts with values than over low pay.

We're desperate now for leadership models that sourcehope as opposed to black humor. We yearn for leadership awareness of the rank and file as opposed to isolation in a board room. And as consumers, we're putting in placecreasingly more of our purchasingchronic into companies who recognize the worthof employees Tiffany and Co square link bracelet black jewelry, who think green, who pay a living wage, and who give back to the community.

Business is usually a professionalfound force for good. most efficientof all Tiffany and Co yours tiffany co bangle-silver jewelry, we don't need to stick up for the CEO to make a move, Everyone has a pace-settership opportunity to conduct our personbokof industrial-whatever that can well be-- in a fashion that supports and sustains our worths at the same time asdoing smartand doing well on the similar time.

on this year, what is going to be your "no" so that you'll be able to shout a greater "yes"