--- title: "Meaning & Key Takeaway of: To modernize it a bit, lavish and…" description: "\"“To modernize it a bit, lavish and excessive benefits during boom times won’t be remembered enough if you ask for pay cuts or do a round of layoffs dur..." image: "https://sms4smile.com/quotes/i/cac/sebastian-marshall-3923_bad-time_to-modernize-it-a-bit-lavish-and-excessi_213251.jpg" --- # To modernize it a bit, lavish and excessive benefits… ![“To modernize it a bit, lavish and excessive benefits during boom times won’t be remembered enough if you ask for pay cuts or do a round of layoffs during bad times. The moral desire to really be generous is fatal if it leads to insufficient cash reserves.” quote by Sebastian Marshall](https://sms4smile.com/quotes/i/cac/sebastian-marshall-3923_bad-time_to-modernize-it-a-bit-lavish-and-excessi_213251.jpg) [Download](https://sms4smile.com/quotes/i/cac/sebastian-marshall-3923_bad-time_to-modernize-it-a-bit-lavish-and-excessi_213251.jpg) [Open image](https://sms4smile.com/quotes/i/cac/sebastian-marshall-3923_bad-time_to-modernize-it-a-bit-lavish-and-excessi_213251.jpg) > ““To modernize it a bit, lavish and excessive benefits during boom times won’t be remembered enough if you ask for pay cuts or do a round of layoffs during bad times. The moral desire to really be generous is fatal if it leads to insufficient cash reserves.”” [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Excessive generosity during booms can deplete reserves, making layoffs inevitable later. **In simple terms:** Being too generous in good times harms future stability. Key Takeaway Balance generosity with prudent financial planning. Themes economics leadership risk management Mood analytical cautious Type business financial When to use this quote - budget planning - employee relations - crisis response - investment strategy Key Concepts corporate finance ethical leadership Questions to Reflect On - How do you decide appropriate benefits? - When should companies prioritize cash reserves? A Different Perspective Generosity may be necessary for morale despite financial risk. ★ ★ ★ ★ ★ No ratings yet [Bad times](https://sms4smile.com/quotes/about/bad-times/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [It is very difficult to get people to focus on the most important things when you're in boom times.](https://sms4smile.com/quotes/jeff-bezos/it-is-very-difficult-to-get-people-to-focus-on-the-most-important/) [Jeff Bezos](https://sms4smile.com/quotes/author/jeff-bezos/) > [Times of economic crises can change what the competitive landscape looks like, because when, for example, you have boom times, capital is easy to…](https://sms4smile.com/quotes/reid-hoffman/times-of-economic-crises-can-change-what-the-competitive-landscape/) [Reid Hoffman](https://sms4smile.com/quotes/author/reid-hoffman/) > [Companies hire a lot during boom times because they're trying to adequately accelerate into the future.](https://sms4smile.com/quotes/reid-hoffman/companies-hire-a-lot-during-boom-times-because-they-re-trying-to/) [Reid Hoffman](https://sms4smile.com/quotes/author/reid-hoffman/) > [Because in our boom times, everything is growing, usually, you know, the kind of things that come to mind are Wild, Wild, West, or…](https://sms4smile.com/quotes/reid-hoffman/because-in-our-boom-times-everything-is-growing-usually-you-know-the/) [Reid Hoffman](https://sms4smile.com/quotes/author/reid-hoffman/) > [Love is . . . 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They tell me what I need to hear, not what I want to hear and they…](https://sms4smile.com/quotes/kelly-clarkson/my-friends-and-family-are-my-support-system-they-tell-me-what-i-need/) [Kelly Clarkson](https://sms4smile.com/quotes/author/kelly-clarkson/) > [Buddhism advises you not to implant feelings that you don’t really have or avoid feelings that you do have. If you are miserable you…](https://sms4smile.com/quotes/anonymous/buddhism-advises-you-not-to-implant-feelings-that-you-don-t-really/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## More by Sebastian Marshall > [“Third-order consequences: Toyota winds up with the highest quality rates, lowest defect rates, and most efficient factories in the world.”](https://sms4smile.com/quotes/sebastian-marshall/third-order-consequences-toyota-winds-up-with-the-highest-quality/) [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) > [“The foreman carpenter allots his men work according to their ability. Floor layers, makers of sliding doors, thresholds and lintels, ceilings and so on.…](https://sms4smile.com/quotes/sebastian-marshall/the-foreman-carpenter-allots-his-men-work-according-to-their-ability/) [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) > [“It really actually doesn't take much time to run small experiments, and the payoff is greater levels of energy and more thriving across your…](https://sms4smile.com/quotes/sebastian-marshall/it-really-actually-doesn-t-take-much-time-to-run-small-experiments/) [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) > [“start with a baseline of how often a habit or practice atrophies or breaks down, and then you start stacking up advantages to increase…](https://sms4smile.com/quotes/sebastian-marshall/start-with-a-baseline-of-how-often-a-habit-or-practice-atrophies-or/) [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) > [“People who live at subsistence level want first things to be put first. 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What is…](https://sms4smile.com/quotes/sebastian-marshall/intelligence-is-the-decisive-factor-in-planning-guerrilla-operations/) [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) > [“Issue #1: Failure to Face Reality ”](https://sms4smile.com/quotes/sebastian-marshall/issue-1-failure-to-face-reality/) [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) > [“I now track the following questions on a little spreadsheet every morning –   “Did I adhere to set wake-time?” “Did I wake 3+…](https://sms4smile.com/quotes/sebastian-marshall/i-now-track-the-following-questions-on-a-little-spreadsheet-every/) [Sebastian Marshall](https://sms4smile.com/quotes/author/sebastian-marshall/) [Explore all 118 Sebastian Marshall quotes ](https://sms4smile.com/quotes/author/sebastian-marshall/) ## More Bad time quotes > [Buddhism advises you not to implant feelings that you don’t really have or avoid feelings that you do have. 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They came with me to Italy, left what they had in Brazil…](https://sms4smile.com/quotes/felipe-anderson/it-s-certainly-been-very-important-to-have-my-own-family-with-me-they/) [Felipe Anderson](https://sms4smile.com/quotes/author/felipe-anderson/) > [The passing of John Bonham... Let's just put it... Before we say, 'the passing of John Bonham,' the introduction of John Bonham on the…](https://sms4smile.com/quotes/jimmy-page/the-passing-of-john-bonham-let-s-just-put-it-before-we-say-the/) [Jimmy Page](https://sms4smile.com/quotes/author/jimmy-page/) > [The good time become good memories. The bad time become good lesson.](https://sms4smile.com/quotes/glemar/the-good-time-become-good-memories-the-bad-time-become-good-lesson/) Glemar > [Writing is for men who can think and feel, not mindless sensation seekers out of nightclubs and bars. But these are bad times. We…](https://sms4smile.com/quotes/naguib-mahfouz/writing-is-for-men-who-can-think-and-feel-not-mindless-sensation/) [Naguib Mahfouz](https://sms4smile.com/quotes/author/naguib-mahfouz/) > [“Don’t let the bad times get you down, You have some of those moments where life tells you, it’s time to cry. Without those,…](https://sms4smile.com/quotes/tiffany-mcdaniel-on-the-savage-side/don-t-let-the-bad-times-get-you-down-you-have-some-of-those-moments/) Tiffany McDaniel, On the Savage Side > [The comments I most appreciate come from ordinary readers who've happened on one of my books at some time of stress in their lives,…](https://sms4smile.com/quotes/fred-saberhagen/the-comments-i-most-appreciate-come-from-ordinary-readers-who-ve/) [Fred Saberhagen](https://sms4smile.com/quotes/author/fred-saberhagen/) > [Everybody need a partner to stand right by their side. Not only down for the good times. 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