andreaindc
Well-known member
Not food related - but their founder, Jim Sinegal, has a great business philosophy...
There was a really interesting piece on him on 60 Minutes in the last year or so. He only takes home 12 times the salary of the typical employee ($350K). Staff turnover is very low, and employee morale generally good. Costco's philosophy is based on 5 points in this order:
1. Obey the law
2. Take care of our customers
3. Take care of our employees
4. Take care of our vendors
5. Take care of our shareholders
Refreshing.
There was a really interesting piece on him on 60 Minutes in the last year or so. He only takes home 12 times the salary of the typical employee ($350K). Staff turnover is very low, and employee morale generally good. Costco's philosophy is based on 5 points in this order:
1. Obey the law
2. Take care of our customers
3. Take care of our employees
4. Take care of our vendors
5. Take care of our shareholders
Refreshing.