There was a proposal in California that would keep out Wal-Mart but allow Costco. You opposed it. Are you nuts? That's true: I always oppose these kinds of things. Competition makes us better. Some of our best stores have a Sam's Club next door.

Paying good wages is not in opposition to good productivity.

Paying your employees well is not only the right thing to do but it makes for good business.

Our attitude is that if you hire good people and pay them a fair wage, then good things will happen for the company.

I say at our management conferences that the amount Wal-Mart grows in just one year is the equivalent of Costco's size.

You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.

Technology helps us become more efficient and productive but our business still has a lot of art as opposed to strictly science.