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Wednesday, July 20, 2005


(Via Fark)
I posted before about how Costco's generousfair treatment of its employees was putting it in very good stead, business-wise. Apparently, the Wall Street crowd doesn't like that analysis, and feels that he should not only cut benefits to his employees but also jack up prices, so that he can make an even bigger profit. Note that I say they don't like it, not they dispute it: Costco's stock is rising healthily while its chief competitor, that evilest of evil corporations, Wal-Mart's has dropped heavily.

So far, Costco's chief, Jim Sinegal, is holding firm. Bloody good for him. If I lived anywhere near a Costco, hearing that would convince me to buy a membership and shop there.

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