The role of private equity as fiduciaries is certainly to make money.

The role of private equity as fiduciaries is certainly to make money.

Some of the best opportunities in the world are the most obvious ones.

Typically you see the home office think up some great program but doesn't think through implementation at the store level.

When a company goes bankrupt, you as a company have absolutely no say whatsoever as to what happens.

They've got a Jobs Council that never meets. A Democratic Senate that doesn't act. A President who doesn't believe and a Vice President who won't stop talking. They just don't get it.

One of the people who most influenced me was Ben Shapiro, a marketing professor at the business school. He used to rant and rave and pound his fist: 'It's all about the customers!' And he was right. He was also right that, at that time, retailing was devoid of really talented people; he urged me to go in that direction.