James Sinegal
James Sinegal
James D. Sinegal is the co-founder and former CEO of Costco, an international retail chain...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth1 January 1936
CountryUnited States of America
messages salary brilliance
Obscene salaries send the wrong message through a company.
pay finals analysis
In the final analysis, you get what you pay for.
loss class dynamics
You 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.
good-business employee things-to-do
Paying your employees well is not only the right thing to do but it makes for good business.
dream fighting people
You destroy the initiative of the working people if they don't feel they have a fighting chance to be a part of the American Dream.
attitude business people
Our attitude is that if you hire good people and pay them a fair wage, then good things will happen for the company.
business add why-not
You 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.
lying people want
If you're going to say to all the people that you're working with, 'We want you to treat the customers honestly; don't lie and don't cheat,' it is somewhat hypocritical if you're not following the same rules.
loyalty successful organization
It is improper for one person to take credit when it takes so many people to build a successful organization. When you try to be top dong, you don't create loyalty. It you can't give credit (and take blame), you will drown in you inability to inspire.
thinking views decision
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.
ambassadors employee
When employees are happy, they are your very best ambassadors.
real people quality
It 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.