Later when asked how it felt to be the father of an industry (the warehouse retail industry—like Costco and Sam's Club), Sol replied, "I wish I'd worn a condom."
Costco's longest-serving CEO, Sinegal, learned the retail business largely through working his way up FedMart's corporate ladder.
In CNBC's 2012 documentary on Costco, Sinegal indicated that Price had been his mentor, as well as the person who taught him to be "tough" in business, and to display a sense of "social responsibility" toward employees.
In 2011, the Price Family Charitable Fund donated $50 million to the University of Southern California's School of Policy, Planning, and Development.
[9] Price was responsible for injecting money and aiding the renaissance of the San Diego mid-city neighborhood of City Heights, near his childhood home.