Malcolm R
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- Malcolm
Interesting article on Costco vs. Sam's Club/Wal-Mart here.
Sounds like a breath of fresh air in today's era of corporate corruption and shareholder butt-kissing above all else. Imagine:
Makes me want to do all my shopping at Costco. If everything in the article is accurate, it sounds like they're a great company who really understands that you can treat your customers and employees well and still be incredibly successful at the same time.
Hopefully Mr. Sinegal won't retire any time soon.
Sounds like a breath of fresh air in today's era of corporate corruption and shareholder butt-kissing above all else. Imagine:
- Getting flack from Wall Street because it puts the welfare of its customers and employees above the greediness of shareholders (what a concept!).
- Mark-ups capped at 14% (pretty meagre for retail)
- Managers actually getting into trouble because they didn't lower retail prices and their departmental profits were TOO HIGH (the horror!).
- The CEO of a Fortune 500 company who caps his own salary at a relatively modest $350,000 per year (while similarly positioned CEO's collect multi-millions annually).
Makes me want to do all my shopping at Costco. If everything in the article is accurate, it sounds like they're a great company who really understands that you can treat your customers and employees well and still be incredibly successful at the same time.
Hopefully Mr. Sinegal won't retire any time soon.