In 2006, Yahoo wanted to buy the company for a billion dollars and everyone on our management team wanted to sell it and the board tried to fire me and basically in the next year, everyone else on the management team left because I hadn't done a good job communicating. I don't want to blame them. I hadn't done a good job communicating the long-term vision because I didn't, I wasn't thinking about that at the time.

When I joined Walmart, I just had a team mindset, but I look back on it now, and I realize some of those early jobs I had, I was trying to help other people and rally the team. It ended up people started looking at me as a leader.

If I have three good decisions a day, that's enough.

A leader should give the credit of the success to the team members. But when failure comes, leaders should absorb the failures and protect the team members.

I would say that I'm blessed with a very, very good executive team that operates, reasonably autonomously, each of the companies.

Leaders, true leaders, take responsibility for the success of the team and understand that they must also take responsibility for the failure.