Friday, December 02, 2005

Doing well by doing good: The case of Costco

ABC News: Costco CEO Finds Decency Is Compatible With Profitability

Note, too, that CEO Jim Sinegal's salary of $350,000 is about 12x what the rank-and-file employees earn; the average in the US today is at about 500x that of employees. This doesn't consign him to poverty; Sinegal is also a major stockholder in a very profitable, growing company.

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