business news in context, analysis with attitude

The Scotsman quotes Tesco CEO Terry Leahy on the expected competition in the US: "I don't think you ever set out to take on any one competitor. I think we can grow the market. I don't think it's a case of taking business from existing competitors.”

And, Leahy comments on the relationship he would like Tesco to have with its employees: “Morale and motivation and making people feel good about themselves and good about the cause is an important ingredient in the success of any retail business and probably more so in America. American employees really enjoy working for a business they believe in.”
KC's View:
Quoting Terry Leahy is only going to annoy folks who think we are overstating Tesco’s potential impact…but we can’t help ourselves.