If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.

Integrity, intelligence, and energy

Somebody once said that in looking for people to hire, you look for three qualities : integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it ; it’s true. If you hire somebody without (integrity), you really want them to be dumb and lazy.


If you have mediocrity and you have a bunch of friends on the board, it’s certainly not the kind of test you put a football team through. If the coach of a football team puts 11 lousy guys out on the field, he loses his job. The board never loses their job because they’ve got a mediocre CEO. So, you’ve got none of that self-cleansing type of operation that works with all other jobs.