Daily Kos alum Steve Gilliard published an interesting article a couple of days ago, contrasting Costco's employee-friendly business model with that of the evil Wal-Mart, which can only be characterized as nickel-dime stingy.
Costco of course draws continuing flak from Wall Street analysts, who claim Costco CEO Jim Sinegal fails to captain a tight ship. Sinegal, on the other hand, is pleased with his company's performance, and believes Costco's excellent salary and benefits package goes far beyond altruism, and is merely "good business."
Check out Steve's article here. Treating employees with generosity is really nothing new in the business world, although it's a business philosophy that's quite recently fallen out of fashion.
Via Democracy for Utah
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