Steve
----- Original Message ----- From: "joanna" <123hop at comcast.net> To: <lbo-talk at lbo-talk.org> Sent: Wednesday, May 04, 2005 12:52 PM Subject: Re: [lbo-talk] Walmart and Costco
>
>
> 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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