Almanac: Alfred P. Sloan on power and responsibility

“You are a senior executive of a big company and you know the first rule: authority and responsibility must be congruent and commensurate to each other. If you don’t want authority and shouldn’t have it, don’t talk about responsibility. And if you don’t want responsibility and shouldn’t have it, don’t talk about authority.”

Alfred P. Sloan (quoted in Peter F. Drucker, Adventures of a Bystander)