It doesn't do Costco any good if nobody can afford to buy anything.

I think the biggest single thing that causes difficulty in the business world is the short-term view. We become obsessed with it. But it forces bad decisions.

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

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

If 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.

When you hire good people, and you provide good jobs and good wages and a career, good things are going to happen.

Paying good wages is not in opposition to good productivity.