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How Costco Became the Anti-Wal-Mart

Discussion in 'Politics' started by InstigatinMofo, Nov 27, 2012.

  1. InstigatinMofo

    InstigatinMofo Active Member

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    Costco CEO, Jim Sinegal, rejects Wall Street's assumption that to succeed in discount retailing, companies must pay poorly and skimp on benefits, or must ratchet up prices to meet Wall Street's profit demands.

    But not everyone is happy with Costco's business strategy. Some Wall Street analysts assert that Mr. Sinegal 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, Sam's Club. And Costco's health plan makes those at many other retailers look Scroogish. One 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."


    Mr. Sinegal begs to differ. He rejects Wall Street's assumption that to succeed in discount retailing, companies must pay poorly and skimp on benefits, or must ratchet up prices to meet Wall Street's profit demands.


    Good wages and benefits are why Costco has extremely low rates of turnover and theft by employees, he said. And Costco's customers, who are more affluent than other warehouse store shoppers, stay loyal because they like that low prices do not come at the workers' expense. "This is not altruistic," he said. "This is good business."
     
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  3. HeinousMark

    HeinousMark Creepy-Ass Cracka VIP

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    Well whoop de fuckin do! Let's all turn Communist and marry a queer then :rolleyes:

    Libs just don't get it... :facepalm:
     
  4. Goo For You

    Goo For You New Member

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    Great reason to shop there :thumbup2:
     
  5. zhukov

    zhukov Gas Up VIP

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    I did a case study on Costco. They price their goods at a much lower margin than their competitors. The CEO's salary is only $300,000 per year. And they are wildly successful.

    You listening Jamie Dimon?
     
  6. stripes

    stripes New Member VIP

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    no, he's not, how about shareholders around the world, are you listening?
     
  7. HeinousMark

    HeinousMark Creepy-Ass Cracka VIP

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    This is the kind of homosexual radical communism that is destroying America. Frankly, I see it as a form of Terrorism. :mad:
     
  8. shitcunt

    shitcunt Well-Known Member

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    I thought he was happy with his meager 300k :dontknow:

    http://online.wsj.com/article/SB10001424127887324705104578149012514177372.html?mod=googlenews_wsj
     
  9. HeinousMark

    HeinousMark Creepy-Ass Cracka VIP

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  10. DryOatmeal

    DryOatmeal Well-Known Member VIP

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    the Costco in my town has a gas station :cheer:
     
  11. DryOatmeal

    DryOatmeal Well-Known Member VIP

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    god bless socialism :cheer:
     
  12. DryOatmeal

    DryOatmeal Well-Known Member VIP

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    [video=youtube;2YHl_0P2EJ4]http://www.youtube.com/watch?v=2YHl_0P2EJ4[/video]
     
  13. SiriusDawg

    SiriusDawg New Member

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    http://www.washingtonpost.com/busin...c8f34e-3a24-11e2-9258-ac7c78d5c680_story.html

    Poor executives....
     
  14. DryOatmeal

    DryOatmeal Well-Known Member VIP

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    paying your employees a decent wage is communist ?

    you're a fucking dumb ass
     
  15. stripes

    stripes New Member VIP

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    its his stale schtik dumbass
     
  16. shitcunt

    shitcunt Well-Known Member

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    Another good lesson for Instigating on how to straw man.

    You lefties are lining up to blow this guy when he is doing everything to avoid paying taxes and rake in millions. It is just amusing :)
     
  17. FlaFlaFlunkie

    FlaFlaFlunkie Fabulous!

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    Holy shit, we agree on something.

    Note the date and time.
     
  18. FlaFlaFlunkie

    FlaFlaFlunkie Fabulous!

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    He's kidding, brotha.
     
  19. DryOatmeal

    DryOatmeal Well-Known Member VIP

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    they showed Biden on the news last night buying stuff at Costco :bigthink:
     
  20. DryOatmeal

    DryOatmeal Well-Known Member VIP

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    god damn fucking socialist pinko commie bastards
     
  21. DryOatmeal

    DryOatmeal Well-Known Member VIP

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    did anyone see that socialist cop give the homeless guy boots ?
     

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