Last week, the supplier Robert Bosch celebrated the 125th anniversary of its foundation and the 150th anniversary of the birth of its founder, the German engineer and industrialist Robert Bosch.
The supplier's celebration gala in Stuttgart was attended by 2,000 international guests from business and politics, including former U.S. Secretary of State Henry Kissinger.
Actually, the guest list at the event was like a who's who of the automotive industry. Among those attending were Volkswagen CEO Martin Winterkorn, Daimler head Dieter Zetsche, BMW boss Norbert Reithofer and Tata Motors CEO Carl-Peter Forster to name just a few.
Bosch is one of the oldest and most successful suppliers to the automotive industry, so it's no surprise that these VIPs attended the event.
And a company that has had only six bosses in 125 years is also quite remarkable. To look back at its history of innovations, Bosch staged a memorable show that included a live music ensemble of Bosch employees, combined with multimedia images on a 120-meter screen. But even more impressive were the speeches, which highlighted the secret of Bosch's success. Here are the 10 best examples:
1. Robert Bosch once said "I don't pay high wages because I am rich. I am rich because I pay high wages."
2. He also said: "I would rather lose money than trust." This was a declaration against ways of doing business that don't allow long-term relationships to develop, explained Hermann Scholl, the chairman of Bosch's supervisory council.