Welcome to Costco... I love you

[Ifreann]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

I'm sure increased profits=will go bankrupt soon.

Obviously this is their peak and the invisible hand will smack them down any minute now.


Any minute...

[Divair]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

Do you even statistics?

[Grand Britannia]

Now I wish there was a Costco at the local mall and not a Walmart.

Fucking everything in it is overpriced anyways.

[Rubiconic Crossings V2 rev 1f]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

Luckily other people have a better grasp of the obligations a company has than you.

[Choronzon]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

[Gauthier]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

Acting surprised? I was having a field day.

[Rubiconic Crossings V2 rev 1f]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

Certainly not holding my breath for any further engagement...its another one of Hippo's modus operandi...troll a thread with a single post and then not reply to any posters refutation of his point...the poster of course wishing to engage in debate, Hippo...not so much.

I stand corrected.

[Condunum]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

I just wanted to make a minimum wage jab. I'm sure you understand.

[Northern Dominus]

They'll be bankcrupt soon if they continue with such shitty business practices. Investors will disappear and their stock prices will fall. If a company can't keep the only obligation they have, producing maximum profit to shareholders, then that company is doomed.

I've always liked Wal-Mart more anyway. Good thing I've invested in them and not in this silly anti-profit company.

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

Surprised? I was laughing my head off at the complete lack of comprehension and lateral thought, then flailing around to find all the epoxy glue and duct tape I could find..which is hard when your sense of perspective is screwed up because your head is upside down on the floor.

But more to the point, Costco is awesome. The fact that they have a larger international presence and their stocks are doing better is proof enough that their business model of paying people what they're worth and treating them like people actually works pretty damn well.

[Condunum]

*hippo makes post*
*enraged responses*
Chron: Why you guys so srs
Collectively: WAS NOT!

[Gauthier]

*hippo makes post*
*enraged responses*
Chron: Why you guys so srs
Collectively: WAS NOT!

I wasn't enraged. I was "lulz".

[Choronzon]

Guys, I know no one was really surprised. I was just playing too

[The Marxist State]

I don't shop at Wal-Mart because of the way they treat their workers and specifically women. I do wish I had a Costco nearby. Partially because of how great they are compared to Wal-Mart and partially from a practical standpoint. I'd probably save a lot more by buying cheap gas there than I spent on the membership.

[Ifreann]

Guys, I know no one was really surprised. I was just playing too

Reactions to Hippo's posts are srs bizness.

[Condunum]

Guys, I know no one was really surprised. I was just playing too

*points to the post two above yours*
It's okay, friend. I knew.

[Khadgar]

Guys, I know no one was really surprised. I was just playing too :(

I'm sure there were some summertime folks who were surprised. I don't think the rest of us really take Hippo seriously anymore. God knows his remark quoted in my signature was the absolute end of me even entertaining the notion that he was being serious.

[Grave_n_idle]

Because I actually get fucking paid.

Costco Resisted Wall Street Pressure To Cut Wages, Benefits: Report
Jillian Berman | Jun 06, 2013
Costco is one of the few bargain retailers to see success in recent months, and according to one executive, it could be even more profitable. If only the company weren't so committed to paying workers a decent wage.

“Could Costco make more money if the average wage was $2 or $3 lower?” Richard Galanti, Costco’s chief financial officer, mused in an interview with Businessweek. “The answer is yes. But we’re not going to do that.”

(Click over to Businessweek for more about Costco's culture)

The big box store most famous for its stockpiles of toilet paper and $1.50 hot dogs also has a reputation for paying its workers a higher wage than most of its competitors. The average Costco worker made about $45,000 per year, Fortune reports. By comparison, Walmart-owned Sam’s Club, a Costco competitor, pays its workers $17,486 per year, according to salary information site Glassdoor.com.

What’s more, Costco has continued to pay its workers decently even in the face of pressure to stop. Ever since the company went public in 1985, Wall Street investors have urged Costco executives to lower wages and cut health benefits, which are also relatively generous, according to Businessweek. Instead, the company’s former CEO and co-founder gave workers a raise every three years.

Costco’s insistence on treating its workers well hasn’t come at the expense of the company’s bottom line. The retailer’s profit jumped 19 percent to $459 million last quarter, while Walmart’s sales suffered during the same period.

In addition, Target, another Costco competitor, slashed its earnings forecast for the year after its profits suffered because customers cut back. (Costco reported Thursday that last month's same-store sales grew 5 percent, but did miss analyst expectations.)

For their part, Costco executives have tried to turn their strategy into an industry-wide practice. The company’s CEO, Craig Jelinek, urged lawmakers to raise the minimum wage to more than $10 an hour earlier this year. President Barack Obama proposed boosting the minimum wage to $9 per hour in his February state of the union address, a plan that’s been met with opposition by some lawmakers.

http://m.huffpost.com/us/entry/3396101

So, Costco pays their employees an average of 45k and is still profitable.

To all those saying Sam's Club and Wal-Mart can't do it, you're lying. To all those who say a retail business can't suffer an increase in the minimum wage, you're lying.

To Costco, I salute you, and encourage you to open a store where I live. You will have the most loyal customer ever.

Principled. Businessman.

*head asplode*

[Hippostania]

That's one of the reasons I would love some kind of a law tying the highest earning employee's compensation to the lowest earning employees. I'm not sure the exact ratio or exceptions that need to be built in, but no one should be allowed to have 20 million in compensation while paying $7.25/hr.

No. Stop trying to mess with things that are none of your business.

Or alternatively, start promoting banning abortion, homosexuality and pornography since you apparently think that you have a right to interfere with people's private lives.

Additionally, a company's prime obligation is not producing maximum profit to shareholders.

Yes it is. Everything else is secondary.

Holy. Shit. Hippo has finally gone off the deep end. Not only do you fail to realize this company is running well with the practices, it's running a great profit. I'm going to laugh, and laugh, and laugh when you finally move here and get stuck woth some shit job at a wal-mart being forced into welfare by preasure from the company itself.

It's running profit, so far. However, this kind of behavior is not sustainable and I seriously doubt Costco could survive another economic downturn.

Besides they could be getting more profit, thus benefitting the shareholders. But nooo.. At least Walmart cares about its shareholders, unlike Costco.

[Northern Dominus]

Because I actually get fucking paid.



http://m.huffpost.com/us/entry/3396101

So, Costco pays their employees an average of 45k and is still profitable.

To all those saying Sam's Club and Wal-Mart can't do it, you're lying. To all those who say a retail business can't suffer an increase in the minimum wage, you're lying.

To Costco, I salute you, and encourage you to open a store where I live. You will have the most loyal customer ever.

Principled. Businessman.

*head asplode*

Goddammit, I just got brains off of this shirt too...

[The Marxist State]

I seriously doubt Costco could survive another economic downturn.

Really? Because it's survived three of them since its founding and still looks just fine to me.

[Hippostania]

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

How is pointing out that company is doing something that alienates shareholders "ignorant"? Costco is paying the employees more than is necessary, thus depriving shareholders of their profits.

[Gauthier]

Holy. Shit. Hippo has finally gone off the deep end. Not only do you fail to realize this company is running well with the practices, it's running a great profit. I'm going to laugh, and laugh, and laugh when you finally move here and get stuck woth some shit job at a wal-mart being forced into welfare by preasure from the company itself.

It's running profit, so far. However, this kind of behavior is not sustainable and I seriously doubt Costco could survive another economic downturn.

Besides they could be getting more profit, thus benefitting the shareholders. But nooo.. At least Walmart cares about its shareholders, unlike Costco.

Costco saves money by not bribing local officials.

Details Emerge On Wal-Mart Bribery Case

[Khadgar]

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

How is pointing out that company is doing something that alienates shareholders "ignorant"? Costco is paying the employees more than is necessary, thus depriving shareholders of their profits.

Except that by engendering goodwill with both employees and customers they're making more profit thus increasing shareholder profits.

[Phocidaea]

Great, a moral justification for my love of cheap hotdogs.

Also, I love how Hippo has suddenly taken up the hobby of raging at Costco because OMG THEY'RE MAKING A PROFIT THEIR WAY INSTEAD OF MY WAY! GRRR!

See that second spoiler in my sig? You should consider joining!

[Choronzon]

Hippo made an ignorant comment showing a complete lack of knowledge regarding the topic at hand.

Why are any of you acting surprised?

How is pointing out that company is doing something that alienates shareholders "ignorant"? Costco is paying the employees more than is necessary, thus depriving shareholders of their profits.

I mean really every single thing you've said shows a complete lack of understanding.