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" Face reality as it is, not as it was or as you wish it to be. "

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" Number one, cash is king... number two, communicate... number three, buy or bury the competition. "

" Culture drives great results. "

" Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business. "

" The productivity now at universities is terrible. Tenure is a terrible idea. It keeps them around forever and they don't have to work hard. "

" In my lifetime, Mitt Romney is the most qualified leader I've ever seen run for the presidency of the United States. "

" CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it. "

" Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion. "

" Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while. "

" Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas. "

" The team with the best players wins. "

" You got to be rigorous in your appraisal system. The biggest cowards are managers who don't let people know where they stand. "

" What's important at the grocery store is just as important in engines or medical systems. If the customer isn't satisfied, if the stuff is getting stale, if the shelf isn't right, or if the offerings aren't right, it's the same thing. You manage it like a small organization. You don't get hung up on zeros. "

" Control your own destiny or someone else will. "

" Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others. "

" In order to lead a country or a company, you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. America can't have a vision of health care for everybody, green economy, regulations - can't have a bunch of piece-meal activities. It's got to have a vision. "

" We've only been wealthy in this country for 70 years. Who said we ought to have all this? Is it ordained? "

" If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century. "

" If you have a reputation as a big, stiff bureaucracy, you're stuck. "

" The biggest cowards are managers who don't let people know where they stand. "

" I don't feel under-taxed in any way at all. "

" Change before you have to. "

" I've learned that mistakes can often be as good a teacher as success. "

" You can't grow long-term if you can't eat short-term. Anybody can manage short. Anybody can manage long. Balancing those two things is what management is. "

" Give me a highly successful unionized industry. "

" There's no such thing as work-life balance. There are work-life choices, and you make them, and they have consequences. "

" I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world. "

" I was never the smartest guy in the room. From the first person I hired, I was never the smartest guy in the room. And that's a big deal. And if you're going to be a leader - if you're a leader and you're the smartest guy in the world - in the room, you've got real problems. "

" If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them. "

" Public hangings are teaching moments. Every company has to do it. A teaching moment is worth a thousand CEO speeches. CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it. "

" Management is all about managing in the short term, while developing the plans for the long term. "