Paul Singer Quotes


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This quotation shows that in 1922 a major state prison was operated at a profit with NO COST to the taxpayer. They key was that the Warden was an experienced successful businessman who put the prison into a number of different businesses which paid the expenses and taught the inmates marketable skills like stone carving. The model however has been opposed by businesses in the area which saw the prison as competition and labor unions which saw the model as taking jobs away from honest, non-criminal workers and not paying high wages.


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.


He had been told that the Air Force was planning to buy to ne, next generation planes for use as Air Force One for the President and that the price tag was to be $4 Billion. He thought that price exhorbetent, and this quotation came from one of his Tweets.


Paul Singer
Paul Singer
  • Born: August 22, 1944
  • Nationality: American
  • Profession: Hedge Fund Manager

Paul Elliott Singer is an American hedge fund manager, activist investor, philanthropist, and the founder, president and Co-CEO of Elliott Management.