When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.

In the absence of a great dream pettiness prevails. Shred visions foster risk taking, courage and innovation. Keeping the end in mind creates the confidence to make decisions even in moments of crisis.

Women are still not reaching the most senior levels of corporations. This is not the shortcoming of women. We're talented and smart.

The dustbin of history is littered with remains of those countries that relied on diplomacy to secure their freedom. We must never forget . . . in the final analysis . . . that it is our military, industrial and economic strength that offers the best guarantee of peace for America in times of danger.

Never hire or promote in your own image. It is foolish to replicate your strength and idiotic to replicate your weakness. It is essential to employ, trust, and reward those whose perspective, ability, and judgment are radically different from yours. It is also rare, for it requires uncommon humility, tolerance, and wisdom.

If you hire only those people you understand, the company will never get people better than you are. Always remember that you often find outstanding people among those you don't particularly like.