{"id":734,"date":"2004-03-29T13:01:13","date_gmt":"2004-03-29T21:01:13","guid":{"rendered":"http:\/\/www.amptoons.com\/blog\/archives\/2004\/03\/29\/another-reason-to-shop-costco\/"},"modified":"2004-03-29T13:01:13","modified_gmt":"2004-03-29T21:01:13","slug":"another-reason-to-shop-costco","status":"publish","type":"post","link":"https:\/\/amptoons.com\/blog\/?p=734","title":{"rendered":"Another reason to shop Costco"},"content":{"rendered":"<p>Once again, it&#8217;s striking how much Wall Street hates the American worker and wants us to be as low-paid and miserable as possible. Nor do they have much of a soft spot for American consumers, for that matter. From a <a href=\"http:\/\/www.teamster.org\/04news\/hn_040211_6.htm\">November 2003 <i>Fortune <\/i>article<\/a>:<\/p>\n<div class=\"snip\">But some of the practices that made Costco great have lately come under attack by Wall Street. [&#8230;] Analysts have pounded on Sinegal to trim the company&#8217;s generous health benefits and to otherwise reduce labor costs. But he&#8217;s taken only limited steps in that direction, like modestly increasing employees&#8217; share of health-insurance premiums. That doesn&#8217;t satisfy critics like Deutsche Bank analyst Bill Dreher, who recently wrote, &#8220;Costco continues to be a company that is better at serving the club member and employee than the shareholder.&#8221;<\/p>\n<p>Sinegal just shrugs. &#8220;You have to take the shit with the sugar, I guess. We think when you take care of your customer and your employees, your shareholders are going to be rewarded in the long run. And I&#8217;m one of them [the shareholders]; I care about the stock price. But we&#8217;re not going to do something for the sake of one quarter that&#8217;s going to destroy the fabric of our company and what we stand for.&#8221;<\/p><\/div>\n<p>Via <a href=\"http:\/\/www.nielsenhayden.com\/electrolite\/\">Electrolite<\/a>.<a style=\"text-decoration:none\" href=\"\/index.php?p=price-of-deltasone-with-insurance\">.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once again, it&#8217;s striking how much Wall Street hates the American worker and wants us to be as low-paid and miserable as possible. Nor do they have much of a soft spot for American consumers, for that matter. From a &hellip; <a href=\"https:\/\/amptoons.com\/blog\/?p=734\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-734","post","type-post","status-publish","format-standard","hentry","category-elections-and-politics"],"_links":{"self":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=734"}],"version-history":[{"count":0,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/734\/revisions"}],"wp:attachment":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}