[lbo-talk] Walmart and Costco

joanna 123hop at comcast.net
Wed May 4 09:52:27 PDT 2005


Marvin Gandall wrote:


>
> Is Costco unionized? If it isn't, you wouldn't expect pay/benefits to
> (voluntarily) be so much higher than at its chief rival. It competes
> in the
> same markets, doesn't it? What about the relative earnings and market
> share
> of the two companies? How does Costco withstand the inevitable
> pressure from
> its investors - I assume it's publicly traded - to bring its labour costs
> more into line with Walmart? Does anyone know?

I don't think CostCo is unionized. I think the guy who runs it/owns it just makes a point of doing relatively right by the workers. He withstands the pressure by saying fuck you...so far.

At least that's what I read, but I don't remember where.

Joanna



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