--- title: "Meaning & Key Takeaway of: I have a responsibility to banks, to…" description: "\"I have a responsibility to banks, to shareholders.\" — Arnon Milchan" image: "https://sms4smile.com/quotes/i/7e8/arnon-milchan-49807_banks_i-have-a-responsibility-to-banks-to-shar_437807.jpg" --- # I have a responsibility to banks, to shareholders. ![“I have a responsibility to banks, to shareholders.” quote by Arnon Milchan](https://sms4smile.com/quotes/i/7e8/arnon-milchan-49807_banks_i-have-a-responsibility-to-banks-to-shar_437807.jpg) [Download](https://sms4smile.com/quotes/i/7e8/arnon-milchan-49807_banks_i-have-a-responsibility-to-banks-to-shar_437807.jpg) [Open image](https://sms4smile.com/quotes/i/7e8/arnon-milchan-49807_banks_i-have-a-responsibility-to-banks-to-shar_437807.jpg) > “I have a responsibility to banks, to shareholders.” [Arnon Milchan](https://sms4smile.com/quotes/author/arnon-milchan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Business leaders feel duty to serve both financial backers and broader stakeholders, balancing profit with accountability. **In simple terms:** Leaders must answer to banks and shareholders. Key Takeaway Prioritize transparent communication with all stakeholders. Themes responsibility finance stakeholder accountability leadership Mood professional pragmatic Type business ethical When to use this quote - annual reporting - shareholder meetings - financial audits - strategic planning Key Concepts corporate governance ethical business risk management Questions to Reflect On - How do you align shareholder expectations with ethical duties? - What mechanisms ensure accountability? A Different Perspective Short‑term profit pressures may conflict with long‑term responsibility. ★ ★ ★ ★ ★ No ratings yet [Banks](https://sms4smile.com/quotes/about/banks/) [Banks Shareholders](https://sms4smile.com/quotes/about/banks-shareholders-1694556/) [Responsibility](https://sms4smile.com/quotes/about/responsibility/) [Responsibility Banks](https://sms4smile.com/quotes/about/responsibility-banks-3845857/) [Shareholders](https://sms4smile.com/quotes/about/shareholders/) ## Related quotes > [The banks don't have anything - no rights whatsoever. The banks are shareholders of SLEC, and SLEC has no rights. I am the CEO…](https://sms4smile.com/quotes/bernie-ecclestone/the-banks-don-t-have-anything-no-rights-whatsoever-the-banks-are/) [Bernie Ecclestone](https://sms4smile.com/quotes/author/bernie-ecclestone/) > [My obligation is to the owners of Barclays, my shareholders. They hired me. People who criticise compensation for individuals in isolation at, say, BarCap,…](https://sms4smile.com/quotes/bob-diamond/my-obligation-is-to-the-owners-of-barclays-my-shareholders-they-hired/) [Bob Diamond](https://sms4smile.com/quotes/author/bob-diamond/) > [It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is have adequate…](https://sms4smile.com/quotes/alan-greenspan/it-s-hard-to-tell-which-assets-will-be-toxic-the-best-way-to-ensure/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Banks need to have large shareholders on the board that have a direct interest in their performance.](https://sms4smile.com/quotes/mian-muhammad-mansha/banks-need-to-have-large-shareholders-on-the-board-that-have-a-direct/) [Mian Muhammad Mansha](https://sms4smile.com/quotes/author/mian-muhammad-mansha/) > [Nationalization would likely mean wiping out the big banks' managements and shareholders. It's because that reckoning has mostly been avoided so far that those…](https://sms4smile.com/quotes/frank-rich/nationalization-would-likely-mean-wiping-out-the-big-banks/) [Frank Rich](https://sms4smile.com/quotes/author/frank-rich/) > [“If we were not impressed by job titles, suits, and jargon, we would demand that financial advisors show us their personal bank statements before…](https://sms4smile.com/quotes/mokokoma-mokhonoana/if-we-were-not-impressed-by-job-titles-suits-and-jargon-we-would/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [Big banks have long had private equity divisions that put up capital for deals too complex or risky for individual shareholders to finance.](https://sms4smile.com/quotes/alex-berenson/big-banks-have-long-had-private-equity-divisions-that-put-up-capital/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [If the big banks expect to buy influence when they give money to favored think tanks, then the public has a right to know.…](https://sms4smile.com/quotes/elizabeth-warren/if-the-big-banks-expect-to-buy-influence-when-they-give-money-to/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Shareholders have the right and obligation to set the parameters of corporate behavior within which management pursues profit.](https://sms4smile.com/quotes/eliot-spitzer/shareholders-have-the-right-and-obligation-to-set-the-parameters-of/) [Eliot Spitzer](https://sms4smile.com/quotes/author/eliot-spitzer/) > [Driving stock up from one day to the next is not what we are about. We are about building a good company and performing…](https://sms4smile.com/quotes/james-sinegal/driving-stock-up-from-one-day-to-the-next-is-not-what-we-are-about-we/) [James Sinegal](https://sms4smile.com/quotes/author/james-sinegal/) > [If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about…](https://sms4smile.com/quotes/jeroen-dijsselbloem/if-there-is-a-risk-in-a-bank-our-first-question-should-be-okay-what/) [Jeroen Dijsselbloem](https://sms4smile.com/quotes/author/jeroen-dijsselbloem/) > [I don't believe that someone who sets up an institution should be able to take out the money from the institution or pay dividends…](https://sms4smile.com/quotes/pallam-raju/i-don-t-believe-that-someone-who-sets-up-an-institution-should-be/) [Pallam Raju](https://sms4smile.com/quotes/author/pallam-raju/) > [Corporations are driving down wages and working conditions across the globe to maximize returns for their shareholders. They use their power and influence to…](https://sms4smile.com/quotes/winnie-byanyima/corporations-are-driving-down-wages-and-working-conditions-across-the/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [What we need is political leadership which can give guidance to the development of global governance. We need business leadership which goes beyond shareholder…](https://sms4smile.com/quotes/juan-somavia/what-we-need-is-political-leadership-which-can-give-guidance-to-the/) [Juan Somavia](https://sms4smile.com/quotes/author/juan-somavia/) > [There are questions as to whether it should even exist. Who should corporations be responsive to, the management of a corporation? Theoretically they are…](https://sms4smile.com/quotes/noam-chomsky/there-are-questions-as-to-whether-it-should-even-exist-who-should/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) ## More by Arnon Milchan > [I established strong connections between Rockwell and Israel Aircraft Industries.](https://sms4smile.com/quotes/arnon-milchan/i-established-strong-connections-between-rockwell-and-israel-aircraft/) [Arnon Milchan](https://sms4smile.com/quotes/author/arnon-milchan/) > [I hadn't fought enough for the injustice of the Apartheid.](https://sms4smile.com/quotes/arnon-milchan/i-hadn-t-fought-enough-for-the-injustice-of-the-apartheid/) [Arnon Milchan](https://sms4smile.com/quotes/author/arnon-milchan/) > [I dont see gold as a player in a healthy economy.](https://sms4smile.com/quotes/arnon-milchan/i-dont-see-gold-as-a-player-in-a-healthy-economy/) [Arnon Milchan](https://sms4smile.com/quotes/author/arnon-milchan/) > [I wished that teachers were the highest paid people in Israel.](https://sms4smile.com/quotes/arnon-milchan/i-wished-that-teachers-were-the-highest-paid-people-in-israel/) [Arnon Milchan](https://sms4smile.com/quotes/author/arnon-milchan/) > [Eventually, I succeeded in everything.](https://sms4smile.com/quotes/arnon-milchan/eventually-i-succeeded-in-everything/) [Arnon Milchan](https://sms4smile.com/quotes/author/arnon-milchan/) > [A person at an eminent position does not need money. A chairman of a big company or something like that, I can’t buy him…](https://sms4smile.com/quotes/arnon-milchan/a-person-at-an-eminent-position-does-not-need-money-a-chairman-of-a/) [Arnon Milchan](https://sms4smile.com/quotes/author/arnon-milchan/) [Explore all 7 Arnon Milchan quotes ](https://sms4smile.com/quotes/author/arnon-milchan/) ## More Banks quotes > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [We now have power under the Dodd-Frank legislation to break up banks. 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Then, the…](https://sms4smile.com/quotes/nassim-nicholas-taleb/my-nightmare-scenario-is-that-the-government-saves-citibank-once/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results…](https://sms4smile.com/quotes/charles-moore/the-rich-run-a-global-system-that-allows-them-to-accumulate-capital/) [Charles Moore](https://sms4smile.com/quotes/author/charles-moore/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long…](https://sms4smile.com/quotes/mario-monti/much-of-what-germany-and-france-have-done-in-the-rescue-of-greece-has/) [Mario Monti](https://sms4smile.com/quotes/author/mario-monti/) > [The world needs banking but it does not need banks.](https://sms4smile.com/quotes/bill-gates/the-world-needs-banking-but-it-does-not-need-banks/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Banks are the temples of America. This is a holy war. Our economy is our religion.](https://sms4smile.com/quotes/giannina-braschi/banks-are-the-temples-of-america-this-is-a-holy-war-our-economy-is/) [Giannina Braschi](https://sms4smile.com/quotes/author/giannina-braschi/) > [In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit…](https://sms4smile.com/quotes/lloyd-dorfman/in-the-old-days-we-were-the-challenger-brand-competing-against-the/) [Lloyd Dorfman](https://sms4smile.com/quotes/author/lloyd-dorfman/) > [“The kind of data and the data-analytical perspective privy to banks is quite unique to banks.”](https://sms4smile.com/quotes/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/the-kind-of-data-and-the-data-analytical-perspective-privy-to-banks/) [Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth](https://sms4smile.com/quotes/author/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/) > [My father, Cecil Banks Mullis, and mother, formerly Bernice Alberta Barker, grew up in rural North Carolina in the foothills of the Blue Ridge…](https://sms4smile.com/quotes/kary-mullis/my-father-cecil-banks-mullis-and-mother-formerly-bernice-alberta/) [Kary Mullis](https://sms4smile.com/quotes/author/kary-mullis/) > [If your only arbiter of anything is money, really you should... go and rob banks.](https://sms4smile.com/quotes/bruce-dickinson/if-your-only-arbiter-of-anything-is-money-really-you-should-go-and/) [Bruce Dickinson](https://sms4smile.com/quotes/author/bruce-dickinson/) > [No paper trail means no banks. And no banks means cash houses. -Mia](https://sms4smile.com/quotes/fast-five/no-paper-trail-means-no-banks-and-no-banks-means-cash-houses-mia/) [Fast Five](https://sms4smile.com/quotes/author/fast-five/) > [I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs,…](https://sms4smile.com/quotes/muhammad-yunus/i-did-something-that-challenged-the-banking-world-conventional-banks/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) [Browse all 387 Banks quotes ](https://sms4smile.com/quotes/about/banks/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I have a responsibility to banks, to shareholders.", "creator": { "@type": "Person", "name": "Arnon Milchan" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/arnon-milchan/i-have-a-responsibility-to-banks-to-shareholders/", "about": { "@type": "Thing", "name": "Banks" }, "@id": "https://sms4smile.com/quotes/arnon-milchan/i-have-a-responsibility-to-banks-to-shareholders/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7e8/arnon-milchan-49807_banks_i-have-a-responsibility-to-banks-to-shar_437807.jpg", "contentUrl": "https://sms4smile.com/quotes/i/7e8/arnon-milchan-49807_banks_i-have-a-responsibility-to-banks-to-shar_437807.jpg", "url": "https://sms4smile.com/quotes/i/7e8/arnon-milchan-49807_banks_i-have-a-responsibility-to-banks-to-shar_437807.jpg", "width": 1080, "height": 1080, "caption": "“I have a responsibility to banks, to shareholders.” — Arnon Milchan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Arnon Milchan", "item": "https://sms4smile.com/quotes/author/arnon-milchan/" }, { "@type": "ListItem", "position": 4, "name": "I have a responsibility to banks,...", "item": "https://sms4smile.com/quotes/arnon-milchan/i-have-a-responsibility-to-banks-to-shareholders/" } ], "@id": "https://sms4smile.com/quotes/arnon-milchan/i-have-a-responsibility-to-banks-to-shareholders/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```