Birth: January 1, 1936
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 ki….
Paying your employees well is not only the right thing to do but it makes for good business..
You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job..
It doesn't do Costco any good if nobody can afford to buy anything..
Obscene salaries send the wrong message through a company..
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 ….
Paying good wages is not in opposition to good productivity..
When you hire good people, and you provide good jobs and good wages and a career, good things are going to happen..
It's like heroin: You do a little and you want a little bit more. Raising prices is the easy way..
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….
I think that most of the people running companies today are motivated and pay is a small portion of the motivation..
Our attitude is that if you hire good people and pay them a fair wage, then good things will happen for the company..
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 ….
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 lon….
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..
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….
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 goo….
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 ….
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..
You don't have a very motivated working class, it starts to affect the dynamics of the economy. If workers are disenchanted and disenfranchised, prod….
Technology helps us become more efficient and productive but our business still has a lot of art as opposed to strictly science..