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Top 25 James Sinegal Quotes (2024 Update)

James Sinegal Quote: “Paying your employees well is not only the right thing to do but it makes for good business.”

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

— James Sinegal

James Sinegal Quote: “When employees are happy, they are your very best ambassadors.”

2. “When employees are happy, they are your very best ambassadors.”

— James Sinegal

James Sinegal Quote: “Technology helps us become more efficient and productive but our business still has a lot of art as opposed to strictly science.”

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

— James Sinegal

James Sinegal Quote: “You take an educated gamble. If you don’t occasionally make a mistake, you’re not doing your job.”

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

— James Sinegal

James Sinegal Quote: “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.”

5. “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.”

— James Sinegal

James Sinegal Quote: “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.”

6. “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.”

— James Sinegal

James Sinegal Quote: “It’s like heroin: You do a little and you want a little bit more. Raising prices is the easy way.”

7. “It’s like heroin: You do a little and you want a little bit more. Raising prices is the easy way.”

— James Sinegal

James Sinegal Quote: “Paying good wages is not in opposition to good productivity.”

8. “Paying good wages is not in opposition to good productivity.”

— James Sinegal

Featured in: Productivity Quotes

James Sinegal Quote: “When you hire good people, and you provide good jobs and good wages and a career, good things are going to happen.”

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

— James Sinegal

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

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

— James Sinegal

James Sinegal Quote: “I think that most of the people running companies today are motivated and pay is a small portion of the motivation.”

11. “I think that most of the people running companies today are motivated and pay is a small portion of the motivation.”

— James Sinegal

James Sinegal Quote: “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.”

12. “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.”

— James Sinegal

James Sinegal Quote: “It doesn’t do Costco any good if nobody can afford to buy anything.”

13. “It doesn’t do Costco any good if nobody can afford to buy anything.”

— James Sinegal

James Sinegal Quote: “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.”

14. “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.”

— James Sinegal

James Sinegal Quote: “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.”

15. “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.”

— James Sinegal

James Sinegal Quote: “You just can’t get too focused on worrying about what’s going to happen in the next quarter. You have to worry about where the business is headed long-term.”

16. “You just can’t get too focused on worrying about what’s going to happen in the next quarter. You have to worry about where the business is headed long-term.”

— James Sinegal

James Sinegal Quote: “Obscene salaries send the wrong message through a company.”

17. “Obscene salaries send the wrong message through a company.”

— James Sinegal

James Sinegal Quote: “We’ve always been in favor of improved wages for workers. When you have a strong middle class, they want to buy more stuff at Costco.”

18. “We’ve always been in favor of improved wages for workers. When you have a strong middle class, they want to buy more stuff at Costco.”

— James Sinegal

James Sinegal Quote: “In the final analysis, you get what you pay for.”

19. “In the final analysis, you get what you pay for.”

— James Sinegal

James Sinegal Quote: “You have to worry about where the business is headed long-term.”

20. “You have to worry about where the business is headed long-term.”

— James Sinegal

James Sinegal Quote: “If you’ve got to work for the rest of your life, you’d better do something you’ll enjoy.”

21. “If you’ve got to work for the rest of your life, you’d better do something you’ll enjoy.”

— James Sinegal

James Sinegal Quote: “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.”

22. “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.”

— James Sinegal

James Sinegal Quote: “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.”

23. “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.”

— James Sinegal

James Sinegal Quote: “I say at our management conferences that the amount Wal-Mart grows in just one year is the equivalent of Costco’s size.”

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

— James Sinegal

James Sinegal Quote: “Obscene salaries send the wrong message through a company. The message is that all brilliance emanates from the top; that the worker on the floor of the store or the factory is insignificant.”

25. “Obscene salaries send the wrong message through a company. The message is that all brilliance emanates from the top; that the worker on the floor of the store or the factory is insignificant.”

— James Sinegal

James Sinegal Quote: “If we take care of the business and keep our eye on the goal line, the stock price will take care of itself.”

26. “If we take care of the business and keep our eye on the goal line, the stock price will take care of itself.”

— James Sinegal

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