If we take care of the business and keep our eye on the goal line, the stock price will take care of itself.
James SinegalYou don't have a very motivated working class, it starts to affect the dynamics of the economy. If workers are disenchanted and disenfranchised, productivity losses will go along with that.
James SinegalObscene 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 the store or the factory is insignificant.
James SinegalI think that most of the people running companies today are motivated and pay is a small portion of the motivation.
James SinegalYou 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% to your pretax income. Why not do it? It's like heroin: You do a little and you want a little bit more. Raising prices is the easy way.
James Sinegal