The Week in Words: Serving the good; appointment sullied; obscene pay
“How lucrative is this? I don’t do it because it is lucrative. I do it to make a good living and to make these organizations better. There is a sense of serving the public good and effecting social change and getting organizations to be better and stronger and more business-minded.” — Morgen Cheshire, formerly a partner at Schnader, Harrison, Segal & Lewis L.L.P., who opened her own law practice to serve nonprofits.
"How lucrative is this? I don't do it because it is lucrative. I do it to make a good living and to make these organizations better. There is a sense of serving the public good and effecting social change and getting organizations to be better and stronger and more business-minded."
— Morgen Cheshire, formerly a partner at Schnader, Harrison, Segal & Lewis L.L.P., who opened her own law practice to serve nonprofits.
"Dr. Kim is an excellent choice for World Bank president and a true development hero. But we'll never know if he was the best candidate for the job because there was no true and fair competition. This sham process has damaged the institution and sullied Dr. Kim's appointment."
— Elizabeth Stuart, spokeswoman for Oxfam, on the naming of Jim Yong Kim, an American, as next president of the World Bank. His selection extends the U.S. hold on the top job at the agency.
"We're obviously disappointed that it is taking a little longer to get back into the market."
— Johnson & Johnson's chief financial officer Dominic Caruso, explaining that repairs to the company's Fort Washington plant for over-the-counter cold and pain medicines might now run through the end of 2013.
"CEOs deserve good pay, but there's good pay and there's obscene pay. They're not bankrupt, but you don't get rewarded for not being bankrupt."
— Brian Wenzinger, of Aronson Johnson Ortiz, a Philadelphia money management firm that voted against multimillion-dollar pay for Citigroup chief executive Vikram Pandit.
"The action certainly implies that the Trainer refinery will be restarted in the second half of 2012, and perhaps as early as July or August."
— Tom Kloza, publisher of Oil Price Information Service, on the apparent robust bidding competition for the ConocoPhillips refinery in Trainer.
"People are on the edge of their seats, fingers crossed."
— Denis Stephano, president of United Steelworkers Union Local 10-234, which represents more than 250 hourly workers employed at the Trainer refinery before it was idled last year.
"By ensuring the capture of gases that were previously released to pollute our air and threaten our climate, these updated standards will protect our health, but also lead to more product for fuel suppliers to bring to market."
— EPA Administrator Lisa Jackson, as the Obama administration set national standards to control air pollution from gas wells.
Compiled from The Inquirer and Associated Press.