American - Businessman | January 1, 1936 -
We are a company that promotes 100% within the company.
James Sinegal
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We would rather have our employees running our business.
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We've always been in favor of improved wages for workers. When you have a strong middle class, they want to buy more stuff at Costco.
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You destroy the initiative of the working people if they don't feel they have a fighting chance to be a part of the American Dream.
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You don't have a very motivated working class, it starts to affect the dynamics of the economy. If workers are disenchanted and disenfranchised, productivity losses will go along with that.
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You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.
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I say at our management conferences that the amount Wal-Mart grows in just one year is the equivalent of Costco's size.
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Obscene salaries send the wrong message through a company.
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The message is that all brilliance emanates from the top; that the worker on the floor of the store or the factory is insignificant.
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I think that most of the people running companies today are motivated and pay is a small portion of the motivation.
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If somehow a proclamation were made that C.E.O.'s could only make a maximum of $300,000 a year, you would not have any shortage of very qualified men and women seeking the jobs.
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If you're going to say to all the people that you're working with, 'We want you to treat the customers honestly; don't lie and don't cheat,' it is somewhat hypocritical if you're not following the same rules.
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