I was never the smartest guy in the room. From the first person I hired, I was never the smartest guy in the room. And that's a big deal. And if you're going to be a leader - 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.

Take time to get to know people. Understand where they are coming from, what is important to them. Make sure they are with you.

If you've got a company that has a mentality inside that is filled with searching for a better idea every day, not just as a slogan but as a real concept, you will have innovation around you all the time.

That's all managing is: just coming up with the right questions and getting the right answers.

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.

Don't make the process harder than it is.