As we have maintained all along, no company senior official had any direct knowledge that undocumented workers were working in our stores.

This report is simply a listing of all stores we expect to open over the next 12 to 14 months, and many are already under construction. Since the unions oppose us wherever we locate our stores, this new stolen document doesn't seem to provide them any advantage.

We look at competitors and see what they're selling and offer it at our stores, ... We do anything we can to get better intelligence on what our customer wants. Our various competitors approach the market in different ways. If there's something that they're doing that's successful, we have no problems copying that.

We've been told we would get some shipments in December, they would not be dependable, and that in January we would get all we need.

When we hire contractors, we expect them to abide by the law. Obviously, we are dismayed they hired undocumented workers.

Coughlin as an officer of the company cannot fraudulently sign a release and then rely on the release for protection from prosecution.

Know that we are fully cooperating with the authorities. You can be sure of that.

We are also grateful for this chance to help the public understand the purpose for the bank and that many corporations including Target, GM, and Toyota already operate industrial banks.

We welcome the opportunity, during this hearing, to discuss the merits of our industrial bank application, which we feel meets all regulatory requirements.