Thursday, July 21, 2005

Go to Costco!

NY Times

Costco is a responsible discount superstore. With average pay at 17$ per hour, excellent health benefits (85% if its employees are covered), and generous 401k contributions, Costco proves that deep discount stores do not have to wring their employees out of every last cent.

Not only does Costco treat its employees generously, its stockholders are doing very well off. Costco's stock price has risen more than 10% over the last year compared with a decline of 5% for Wal-Mart.

Example

Props to Jim Sinegal (CEO) for running a company that is socially responsible and profitable.

Boo Wal-Mart