One of the ways we'll know that Work-Out has been successful is that my style of leadership will no longer be tolerated in this company.

I am often asked if leaders are born or made. The answer, of course, is both. Some characteristics, like IQ and energy, seem to come with the package. On the other hand, you learn some leadership skills, like self-confidence, at your mother's knee, and at school, in academics and sports. And you learn others at work-trying something, getting it wrong and learning from it, or getting it right and gaining the self-confidence to do it again, only better.

If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them.

What business could be mature when you have economies with more than 2 billion people in India, China and Southeast Asia?

If you're a leader and you're the smartest guy in the world - in the room, you've got real problems.

Cash is king. Get every drop of cash you can get and hold onto it.

You can't grow long-term if you can't eat short-term. Anybody can manage short. Anybody can manage long. Balancing those two things is what management is.