Anti-Wal-Mart and anti-Wall Street?
Confined Space has this analysis of the Costco gameplan, which contrasts sharply with the Wal-Mart plan. And who would’ve guessed, but it seems to work pretty well.
Jim Sinegal takes less than the average CEO, while his company compensates its employees significantly better than his competitors (including Sam’s Club), and Costco stock somehow performs better, too.
Go figure. I guess that’s something I’ll have to remember next time someone defends Wal-Mart wages with a blind line like “they have a responsibility to their shareholders.”
No Comments Yet