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aggravated But not everyone is happy with Costco's business strategy. Some Wall Street analysts assert that Mr. Sinegal is overly generous not only to Costco's customers but to its workers as well.OMFG!!! How do stock analysts sleep at night? This the epitome of all that is wrong with America. The 'best interest of the shareholder' mentality is what gives us corporate scandals and non-living wages.
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. 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."
Once we get one here in Columbus, I'll shop there.
July 25 2005, 15:53:30 UTC 6 years ago