We have built a company with a business mix and operating system that will allow us to deliver record results in any foreseeable economic climate, ... We have just completed a very successful management transition and I've never been more confident about the company's future.

Getting candor right - with your reports, your peers, and your boss - is a skill that can make or break your career.

The 3Ss of Winning in business are speed, simplicity, and self-confidence.

You got to be rigorous in your appraisal system. The biggest cowards are managers who don't let people know where they stand.

Shun the incremental and go for the leap.

The 1980s will seem like a walk in the park when compared to new global challenges, where annual productivity increases of 6% may not be enough. A combination of software, brains, and running harder will be needed to bring that percentage up to 8% or 9%.

Focus on a few key objectives ... I only have three things to do. I have to choose the right people, allocate the right number of dollars, and transmit ideas from one division to another with the speed of light. So I'm really in the business of being the gatekeeper and the transmitter of ideas.