Quotes by James Sinegal - Page 1

In the final analysis, you get what you pay for.
James Sinegal /
Analysis
Finals
Pay
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We always strive to be the best in the wage package.
James Sinegal /
Strive
Package
Wage
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We want to turn our inventory faster than our people.
James Sinegal /
Faster
Inventory
Our People
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We would rather have our employees running our business.
James Sinegal /
Employees
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Obscene salaries send the wrong message through a company.
James Sinegal /
Brilliance
Messages
Obscene
Salary
Salaries
Send
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Paying good wages is not in opposition to good productivity.
James Sinegal /
Opposition
Productivity
Wages
Paying
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When employees are happy, they are your very best ambassadors.
James Sinegal /
Happy
Best
Ambassadors
Employee
Very
Ambassador
Employees
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You have to worry about where the business is headed long-term.
James Sinegal /
Long
Term
Worry
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It doesn't do Costco any good if nobody can afford to buy anything.
James Sinegal /
Costco
Ifs
Afford
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If you've got to work for the rest of your life, you'd better do something you'll enjoy.
James Sinegal /
Enjoy
Ifs
Rest Of Your Life
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Paying your employees well is not only the right thing to do but it makes for good business.
James Sinegal /
Employee
Good Business
Right Thing
Wages
Good Business Your
Employees
Business Good Your
Paying
The Right Thing
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You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.
James Sinegal /
Jobs
Educated
Gamble
Mistake
Occasionally
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It's like heroin: You do a little and you want a little bit more. Raising prices is the easy way.
James Sinegal /
Business
Littles
Want
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If we take care of the business and keep our eye on the goal line, the stock price will take care of itself.
James Sinegal /
Care
Eye
Goal
Take Care
Price
Stock
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When you hire good people, and you provide good jobs and good wages and a career, good things are going to happen.
James Sinegal /
Jobs
Careers
People
Wages
Good People Good People
Career
Good Good People People
Good Jobs
Happen
Hire
Provide
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If you hire good people, give them good jobs, and pay them good wages, generally something good is going to happen.
James Sinegal /
Jobs
Good
Pay
Wages
Them
Good Good People People
Generally
Give
Good Jobs
Happen
Hire
Something Good
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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.
James Sinegal /
Running
Motivated
Motivation
Thinking
Companies
Portion
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Our attitude is that if you hire good people and pay them a fair wage, then good things will happen for the company.
James Sinegal /
Attitude
Business
Pay
People
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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.
James Sinegal /
Conferences
Costco
Grows
Just One
Management
Size
Years
Equivalent
Wal-Mart
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Technology helps us become more efficient and productive but our business still has a lot of art as opposed to strictly science.
James Sinegal /
Art
Technology
Helping
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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.
James Sinegal /
Dream
American Dream
Fighting
Initiative
People
Destroy
Working People
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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.
James Sinegal /
Brilliance
Insignificant
Worker
Factory
Floor
Store
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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.
James Sinegal /
Class
Costco
Middle Class
Strong
Wages
Workers
Favor
Improved
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One of the strengths of our nation has always been a strong middle class who could afford their own homes and send their children to school.
James Sinegal /
Middle Class
Afford
Homes
Send
Strengths
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You just can't get too focused on worrying about what's going to happen in the next quarter. You have to worry about where the business is headed long-term.
James Sinegal /
Focused
Long
Long Term
Next
Worry
Headed
Quarter
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I think the biggest single thing that causes difficulty in the business world is the short-term view. We become obsessed with it. But it forces bad decisions.
James Sinegal /
Business
Thinking
Views
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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.
James Sinegal /
Jobs
Men
Maximum
Men And Women
Proclamation
Qualified
Seeking
Shortage
Years
Women Men Men And Women
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It doesn't do much good to have a quality image, whether it's with the facility or whether it's with the merchandise, if you don't have real quality people taking care of your customers.
James Sinegal /
Quality
Facility
Merchandise
People
Real
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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.
James Sinegal /
Class
Disenchanted
Dynamics
Loss
Motivated
Productivity
Workers
Affect
Losses
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Obscene salaries send the wrong message through a company. The message is that all brilliance emanates from the top; that the worker on the floor of the store or the factory is insignificant.
James Sinegal /
Brilliance
Factories
Insignificant
Messages
Obscene
Salary
Worker
Factory
Floor
Salaries
Send
Store
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Everybody is watching you every minute anyways. If they think the message you're sending out is phony, they're going to say, 'Who does he think he is?' It's again good business. But it is also an obligation.
James Sinegal /
Obligation
Phony
Minute
Sending
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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.
James Sinegal /
Following
Honestly
Hypocritical
Lying
People
Want
Somewhat
Lie
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There was a proposal in California that would keep out Wal-Mart but allow Costco. You opposed it. Are you nuts? That's true: I always oppose these kinds of things. Competition makes us better. Some of our best stores have a Sam's Club next door.
James Sinegal /
Business
Doors
Nuts
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It is improper for one person to take credit when it takes so many people to build a successful organization. When you try to be top dong, you don't create loyalty. It you can't give credit (and take blame), you will drown in you inability to inspire.
James Sinegal /
Loyalty
Organization
People
Successful
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You could raise the price of, say, a bottle of ketchup to $1.03 instead of $1, and no one would know. Raising prices just 3% per product would add 50% to your pretax income. Why not do it? It's like heroin: You do a little and you want a little bit more. Raising prices is the easy way.
James Sinegal /
Business
Add
Income
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Our attitude has always been that if you hire good people and provide good wages and good jobs and more than that - if you provide careers - that good things will happen to your company. I think we can say that that has been proved by the quality of people that we have and how they have built our organization.
James Sinegal /
Jobs
Attitude
Business
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Driving stock up from one day to the next is not what we are about. We are about building a good company and performing for the long term. I know everyone says that, that sounds trite when I repeat it that way, but that is and has always been our attitude about our business. If we do the right things, the stock price will take care of itself, and our shareholders will be rewarded.
James Sinegal /
Attitude
Business
Long
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George Carlin
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Monday, Feb 06, 1911
Saturday, Jun 05, 2004
Theodore Roosevelt
26Th U.s. President
Wednesday, Oct 27, 1858
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Tuesday, May 18, 1920
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Saturday, Nov 06, 1926
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Author
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Wednesday, Aug 16, 1645
Thursday, May 10, 1696
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James Sinegal Quotes - Page 1

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