Wall street don't like CostCo
This was a funny story today : not everyone is happy with Costco's business strategy. Some Wall Street analysts assert that Sinegal (CostCo CEO) is overly generous not only to Costco's customers but to its workers as well.
Costco's average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Wal-Mart's Sam's Club. And Costco's health plan makes those at many other retailers look Scroogish. This is the best part thought : analyst Bill Dreher of Deutsche Bank, complained last year that at Costco "it's better to be an employee or a customer than a shareholder."
Well fuck you, Bill, whoever you are. I doubt you'd noticed, but theoretically, companies are supposed to keep their employees happy as well as their customers. I bet Bill is one of those people who believes wholeheartedly that anything and everything should be sacrificed for him - the shareholder. Sadly Bill, there's too many greedy, narrow-minded bigots like yourself out there. CostCo is a shining example of how to do it right, not, as you seem to believe, how to do it wrong.
Costco's average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Wal-Mart's Sam's Club. And Costco's health plan makes those at many other retailers look Scroogish. This is the best part thought : analyst Bill Dreher of Deutsche Bank, complained last year that at Costco "it's better to be an employee or a customer than a shareholder."
Well fuck you, Bill, whoever you are. I doubt you'd noticed, but theoretically, companies are supposed to keep their employees happy as well as their customers. I bet Bill is one of those people who believes wholeheartedly that anything and everything should be sacrificed for him - the shareholder. Sadly Bill, there's too many greedy, narrow-minded bigots like yourself out there. CostCo is a shining example of how to do it right, not, as you seem to believe, how to do it wrong.
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