Thursday, July 05, 2007

How Costco became the Anti-Wal-Mart

I have to admit, I've never shopped at Costco. Being a lone wolf bachelor means that buying in bulk isn't really necessary or in many cases even prudent. But I found this article interesting.

Sad note... the average Costco employee makes more than the average supervisor where I work.

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Anonymous Anonymous said...

There's just one quote in this article that shows how completely f*cked in the head corporate America is...

'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." '

Well, yeah, because that's the way it should be, bozo!

I saw a documentary about companies like Costco and Southwest that have become tremendously successful by ignoring the common 'wisdom' that the shareholders and executives are the most important people in a company...The thing that really stuck with me was when Costco Jim said (I have to paraphrase here) something along the lines of: 'If you take care of your employees, your employees will take care of your customers, and your customers will take care of your shareholders.'

He gets it.

4:35 PM  

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