Time to get a Costco membership

[lurkerwithout]

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.

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."

From a NY Times article on Costco

Comments

[scarybaldguy.livejournal.com]

"it's better to be an employee or a customer than a shareholder."

[frustratedpilot.livejournal.com]

*looks up the word "Prosperity" in the Dictionary*

Well, what do you know?

And they just opened a Costco in Knoxville! Must go check it out sometime soon.