Tuesday, July 19, 2005
Quote of Note: Jim Sinegal
"On Wall Street, they're in the business of making money between now and next Thursday. I don't say that with any bitterness, but we can't take that view. We want to build a company that will still be here 50 and 60 years from now."
Costco Chief Executive Jim Sinegal, quoted here. Sinegal was explaining why Costco's average salaries were 42% higher than rival Sam's Club. Also see this.
Costco Chief Executive Jim Sinegal, quoted here. Sinegal was explaining why Costco's average salaries were 42% higher than rival Sam's Club. Also see this.
Technorati Tags: Organizational Culture
Comments:
Thanks for the pointer. I'd seen the NYT article, but not BuyBlue (though my wife and I had talked about how such an organization would be nice to have around).
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