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KCFlyer
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BS on Obama's goal being to emulate China. If anyone longs to emulate China, it is the right wing...It's their nirvana...low paid workers....no regulations on the environment or safety...a society of those that can afford things and those who make things but can't buy them (the haves and the have nots). If they could just get rid of that socialized medicine, it would be a right wing paradise.
Ms Tree
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700UW,
Most of that is true but the compensation part for Sinegal is missing a bit of the picture. In 2010 he received $350k for a salary and $190k as a bonus (double his normal bonus due to company performance) and he also received $2.9 million in stock as well as another $94k to cover car allowance and other things. So it's not like he has any risk of being in the food line any time soon. Thing is if you look at how well the company does he seems to be making far less than most other CEO's of billion dollar corporations.
A place called "Cheapism" did a basked to basket comparison between Costco and Sams and Costco came out less even though the compensation for their employees is so much higher. I have been shopping at Costco for 12 years and several more at Price Club back when I lived in Tucson. They are by far the best store I have shopped at. The employees are for the most part friendly and happy. The return policy is the best from nearly any store. If you're not happy, bring it back and you get a refund. No hassle, no questions, no fees.
Most of that is true but the compensation part for Sinegal is missing a bit of the picture. In 2010 he received $350k for a salary and $190k as a bonus (double his normal bonus due to company performance) and he also received $2.9 million in stock as well as another $94k to cover car allowance and other things. So it's not like he has any risk of being in the food line any time soon. Thing is if you look at how well the company does he seems to be making far less than most other CEO's of billion dollar corporations.
A place called "Cheapism" did a basked to basket comparison between Costco and Sams and Costco came out less even though the compensation for their employees is so much higher. I have been shopping at Costco for 12 years and several more at Price Club back when I lived in Tucson. They are by far the best store I have shopped at. The employees are for the most part friendly and happy. The return policy is the best from nearly any store. If you're not happy, bring it back and you get a refund. No hassle, no questions, no fees.
Ideologically?
KCFlyer
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Nope...Sinegal deserves every dime he is paid. But this is the thing I don't understand - Sinegal is the FOUNDER of Costco. He makes his money off the performance of his company...not his salary. Bill Gates was the FOUNDER of Microsoft, and his annual salary was a pittance of what some execs are paid. Same thing for the FOUNDERS of most companies...their reward doesn't come from their paycheck. But the execs who had absolutely NOTHING to do with the creation of a company (like Jack Welch) are millionaires in a month from their paycheck alone.
Dog Wonder
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Still stuck in the losing campaign mode?
Seatacus
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I believe CEO's are hired by boards in hopes of getting a return that is greater than their investment. These CEO's are not charity cases and they are expected to produce but as you know it doesnt always work that way.
KCFlyer
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Yeah Seatacus...they sure don't come cheap. Isn't it kind of amazing though that way back in the day when taxes were higher and CEO's only made about 40 times what the average workers made, companies still succeeded. Golly...back in those days even CEO's had to work 5 or so years before they could become millionaires. Today's crop of wonderkind are usually millionaires by the end of the month.
Seatacus
Veteran
You're right, it is amazing. Good CEO's and bad ones are expensive but those huge salaries seem to be the going rate. You know, everyone in this country has the opportunity to be a CEO too.
You want to talk about salaries for athletes and celbrities?
Seatacus
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Some of Costco's success is due to their savvy buying of their products. Thier contracts with their vendors are strict and tend to favor Costco. A vendor can do well because of the high volume but the risk is high.
You notice too, Obama back on the campaign trail instead of leading the effort to settle the tax dilemma.
KCFlyer
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What made the going rate over 400 times what they pay the folks who do the REAL work? Isn't it rather immoral that these folks get paid like they do while at the same time lowering the pay of the rank and file? Isn't it immoral that they get a bonus for cost savings by eliminating jobs? I have yet to find anyone who can explain what exactly these guys are doing that makes them worth 10 times what their predecessors in the 50's 60's and 70's were worth.
KCFlyer
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Jack Welch didn't build GE, but he pulled a helluva lot larger salary than Gates ever did. Heck...Gates didn't pull a fraction in salary of what Steven Wolf did when he was running US Air into the ground.
But I gotta know....if Gates didn't build MIcrosoft....who did?
Glenn Quagmire
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- Apr 30, 2012
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Southwind is stuck on a another talk show talking point. He will snap out of it when we have a republican POTUS.
