When a New York attorney general brings a lawsuit against a prominent business person, there are two things you can count on out of that office - lots of political bluster and little accountability.
A lawsuit with no legal precedent, seeking no damages, from no jury, in the name of stopping something that isn't happening? Only in New York.
Home Depot has never hired one human being for minimum wage, not one. We have always paid a premium over minimum wage.
A little more than 30 years ago, Bernie Marcus, Arthur Blank, Pat Farrah and I got together and founded The Home Depot.
My first job was as a day laborer on the construction of the Long Island Expressway more than 50 years ago.
Nothing so enchants attorneys general, their eyes generally fixed on higher public office, as slinging accusations against successful financial executives. Preening press conferences and fawning media coverage are virtually guaranteed, whether or not the charges have substance.
Contrary to what you might assume, I didn't start with any advantages and neither did most of the successful people I know. I am the grandson of immigrants who came to this country seeking basic economic and personal liberty.
When then-New York Attorney General Eliot Spitzer sued me in 2003 over my stewardship as a director of the New York Stock Exchange, the NYSE's legal expenses were more than $100 million, which made it perhaps the priciest litigation in the state's history.
