The Loosh Spot

"All you have in life is your truth." -Britney Spears

July 26, 2005

Fall in Love with Costco

Why should you love this man? Because Jim Sinegal runs the 29th highest earning corporation in America (Costco), pays his employees $17 an hour, and himself only $350,000. (If that sounds steep it could easily be $50 million.) The health benefits and other perks for employees are amazing. But somehow Costco manages to be pretty amazing for the customer too. The prices are unbeatable! On a recent trip I got one of the very largest and tastiest hot dogs available in the free world--w/medium soda--for $1.50. As Austin Powers once said so rightly:
"Yeah capitalism!"

Read the fascinating NY Times sketch of Sinegal and his refreshingly generous-yet-competitive business here. It's an encouragement to those concerned with a "living wage," and a further incentive to go buy 48 bags of M&Ms for $10 this weekend.
But drive past Sam's club and get your goodies from a Costco. Four of the 10 richest Americans are Waltons, and they don't share like Sinegal. If you read this article I'm sure you'll want to give your business to him. And I'm almost positive he offers the better in-store hot dog...

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