Pages

Friday, August 31, 2012

Tea Party says "Don't Buy From Costco"

Image result for james sinegal quotes
"The Moral Integrity Of Costco Founder And CEO, James Singeal"
http://paxonbothhouses.blogspot.com/2014/01/the-moral-integrity-of-costcos-founder.html

Jim Sinegal Addresses 2012 Democratic National Convention
https://www.youtube.com/watch?v=CBqQ_cVUZ5Q

Alan: Not surprisingly, The Tea Party - a second rate political organization - wants "second best" in every domain, including "responsible capitalism." 

Go ahead. 


You want second best. 


You deserve second best.


Costco - whose political donations go exclusively to the Democratic Party - is the best retailer in America.

Here's why.



How Costco Became the Anti-Wal-Mart


The New York Times  | July 17, 2005 | STEVEN GREENHOUSE 

... Some Wall Street analysts assert that CEO Jim Sinegal is overly generous not only to Costco's customers but to its workers as well.

Costco's average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Sam's Club. And Costco's health plan makes those at many other retailers look Scroogish. One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco "it's better to be an employee or a customer than a shareholder."

Mr. Sinegal begs to differ. ...Good wages and benefits are why Costco has extremely low rates of turnover and theft by employees, he said. And Costco's customers, who are more affluent than other warehouse store shoppers, stay loyal because they like that low prices do not come at the workers' expense. "This is not altruistic," he said. "This is good business."

...Costco's stock price has risen more than 10 percent in the last 12 months, while Wal-Mart's has slipped 5 percent. Costco shares sell for almost 23 times expected earnings; at Wal-Mart the multiple is about 19. Mr. Dreher said Costco's share price was so high because so many people love the company. "It's a cult stock," he said.

(Excerpt) Read more at nytimes.com ...

Image result for james sinegal quotes


Image result for james sinegal quotes


Image result for james sinegal quotes

Image result for james sinegal quotes

Image result for james sinegal quotes

Sinegal's "destruction of initiative" is on display at "People of Walmart"

Image result for james sinegal quotes

Image result for james sinegal quotes

Image result for james sinegal quotes

Costco founder (and former CEO) Jim Sinegal, will address the Democratic National Convention in Charlotte, North Carolina.

Here's a useful online guide to large American companies listed by political donation preference. http://www.goodguide.com/contributions

Alan: 

Imagine: An American capitalist who pays every worker a living wage. Either Republican retailers are not profitable enough to pay their workers a living wage, or they prefer to pocket a disproportionate percentage of profits while obliging many workers to hold down two jobs.

Here's the Tea Party site, "Stop Giving Your Money To The Enemy."  http://teapartyorg.ning.com/profiles/blogs/stop-giving-your-money-to-the-enemy

Since The Tea Party's policy of "No New Taxes" wreaks economic and fiscal havoc, it is appropriate that the party that does not want what is best for country settles for second best in its shopping habits.

As it happens, Mitt and Ann Romney "love Costco."

Once again, we're reminded that Tea Bags have little (or no) idea who Romney is.



Image result for james sinegal quotes



1 comment: