7.26.2005
I love Costco.
Steven Greenhouse (NYTimes) recently joined the chorus lauding Costco's good labor and business practices. He quotes Jim Sinegal, Costco's chief executive, about why his salary is 10 percent lower than other chief executives: "I just think that if you're going to try to run an organization that's very cost-conscious, then you can't have those disparities. Having an individual who is making 100 or 200 or 300 times more than the average person working on the floor is wrong."
Greenhouse says: "Costco's stock price has risen more than 10 percent in the last 12 months, while Wal-Mart's has slipped 5 percent."
Plus, 12.4 percent of Costco's workforce is organized by the Teamsters -- pretty good compared to 0 percent at Wal-Mart and 8 percent in the private sector as a whole.
Greenhouse says: "Costco's stock price has risen more than 10 percent in the last 12 months, while Wal-Mart's has slipped 5 percent."
Plus, 12.4 percent of Costco's workforce is organized by the Teamsters -- pretty good compared to 0 percent at Wal-Mart and 8 percent in the private sector as a whole.
Go Costco!!
