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).
Hopefully Mr. Sinegal won't retire any time soon.