I think that most of the people running companies today are motivated and pay is a small portion of the motivation.
James SinegalIf somehow a proclamation were made that C.E.O.'s could only make a maximum of $300,000 a year, you would not have any shortage of very qualified men and women seeking the jobs.
James SinegalIf you've got to work for the rest of your life, you'd better do something you'll enjoy.
James SinegalTechnology helps us become more efficient and productive but our business still has a lot of art as opposed to strictly science.
James SinegalIt doesn't do much good to have a quality image, whether it's with the facility or whether it's with the merchandise, if you don't have real quality people taking care of your customers.
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