"Mad publisher William M. Gaines, says former editor Nick Meglin, was a “living contradiction. He was singularly the cheapest man in the world, and the most generous.” Gaines, a self-described “maniac” who looked like Santa Claus’ wiseacre younger brother, was a millionaire but dressed like a bum. He shelled out thousands for exotic annual trips for Mad’s staff and freelancers but forced the group to pay for their phone calls. Meglin once asked for a raise of $3 a week and was turned down, only to have Gaines continue the conversation over an expensive dinner at one of New York’s finest restaurants. “The check came, and I said, ‘That’s the whole raise!’” Meglin recalls. “And Bill said, ‘I like good conversation and good food. I don’t enjoy giving raises.’” Gaines, living contradiction that he was, also wasn’t a funny guy. Despite that, he “appreciated humor,” Jaffee said, and helped build one of the most influential magazines in American history."
January 1, 1970
https://en.wikiquote.org/wiki/William_Gaines