Mr. Price was the force behind Price Club, which later merged with Costco. He was known for paying his workers well, treating his customers well, and not overpaying his executives. He was ahead of his time with respect to racial integration and urban renewal. Sometimes I feel an internal tension, because I admire both success in business and care a lot about social justice. If all successful people in business were like Mr. Price, I would feel no such tension. His obituary in the San Diego Jewish World contained the following:
“Most of life is luck,” he said in an 1985 newspaper interview. “Obviously you have to have the will and intensity, and in my case discipline and idealism had a lot to do with it. But if you move back a step, even that is luck."I can't think of a better way to look at life. And whether you need mustard or Johnny Walker Black, there is no better place to go than Costco. I am proud to now work at a school named for him.