Monday

Gotta Love Costco

Costco, as it turns out, is not at all like Walmart.:

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.

This makes me really like them and want to shop there. Of course, prickish millionaires in expensive suits would much rather be stiffing the workers. Indeed, some Wall Street analysts assert that Mr. Sinegal (Costco's CEO) is overly generous not only to Costco's customers but to its workers as well. 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.'"

What an ass.

1 comment:

Melissa said...

What the hell? If it's not hurting profits or if the CEO is willing to make 20 million dollars a year as opposed to 40 million in order for his employees to be happy campers, HEY! LET HIM!

gah