Costco has 7% annual staff turnover (93% retention), an incredibly loyal and respected customer base, solid quality, and refuses to change its food court pricing much beyond what it was 3 decades ago. It’s the third largest retailer in the country. Capitalism doesn’t have to be cruel.
Reposted from
Coach Finstock
All I'm saying is ain't no one hunting this man down. And I guarantee you he's not starving. You can be a CEO and still be wealthy and not fuck your customers over for a few extra nickels in the pockets of your investors.
Comments
I run my businesses as near zero profit, not to be confused with nonprofit. I put almost all my profits back into the business or to my employees.
I pay myself only enough to be comfortable. I don't care if my employees make more than me, they do the heavy lifting
It's the blatant exploitation that people don't like.
Middle Class companies are insane
which is why costco is the exception and not the rule and always will be
I rather drive the extra 10 minutes to Costco than give my money to BJs.
We would all be so much better off if that were still the paradigm.
So many corporations treat customers and employees as enemies who take away from their shareholders.
It's the way you run a business that is meant to survive, not just turn a quick quarterly profit.
Now CEOs push stock buybacks to artificially inflate their pay just to live it large and condemn their children to a dying world.
You can't really sell them, so the point is for the operation to continue indefinitely, long after the founders have retired.
https://en.m.wikipedia.org/wiki/Triple_bottom_line
"That's your job calling".
The evidence is clear: a publicly funded healthcare system leads to longer life expectancy and better overall health. Here a blueprint
https://apnews.com/article/prison-to-plate-inmate-labor-investigation-c6f0eb4747963283316e494eadf08c4e
He was also super proud that they kept the hot dog at $1.50 for all those years
He might be a saint compared to other CEOs, but his salary is 50 times more than his average worker, and you can't tell me that he works 50 times more than them.
There are People still working @ Wally Mart for a decade or more & are still on public assistance, while the entire Walton Family are Billionaires.
WTF is wrong with this picture?
I'd still settle for BETTER.
https://scoop.upworthy.com/convenience-store-makes-its-175-employees-millionaires-by-giving-them-company-stock-ex2
"Despite making $6.3 billion in profits last year, [COSTCO] seems to be shifting from its once pro-worker stance. Allegations of union-busting tactics, like removing union literature & locking union reps out of bulletin boards, aren't exactly a good look."
https://finance.yahoo.com/news/costco-faces-strike-threat-6-173553258.html
I wish I was making all this up, but I'm not
https://www.laborpress.org/teamsters-v-costco-two-behemoths-square-off-head-to-head/
https://teamster.org/2024/12/teamsters-conclude-second-week-of-bargaining-with-costco/
My dad told him within a week of implementing their recommendations, he’d have no employees left
Cheese Pizza for $1.50? Who gives a fuck.No Polish sausage.
No combination pizza. More to complain about.
The VP of this division can suck it. He should be fired.Give the people what they want at a modest $!