What happened to all of the doom and gloom economic threads?

[IrezumiKiss]

Choice Gems from the article on Costco being the Anti-WalMart

Wall Street Doesn’t Like CEO Jim Sinegal because:

Some Wall Street analysts assert that Mr. Sinegal is overly generous not only to Costco’s customers but to its workers as well.”

One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco “it’s better to be an employee or a customer than a shareholder.”

“They could probably get more money for a lot of items they sell,” said Ed Weller, a retailing analyst at ThinkEquity.

Emme Kozloff, an analyst at Sanford C. Bernstein & Company, faulted Mr. Sinegal as being too generous to employees” He has been too benevolent,” she said. “He’s right that a happy employee is a productive long-term employee, but he could force employees to pick up a little more of the burden.”

However, Mr. Sinegal could give less than a shit about them.

shoppers, stay loyal because they like that low prices do not come at the workers’ expense. “This is not altruistic,” he said. “This is good business.”

Mr. Sinegal’s salary is just $350,000, although he also received a $200,000 bonus last year. That puts him at less than 10 percent of many other chief executives, though Costco ranks 29th in revenue among all American companies.

“I’ve been very well rewarded,” said Mr. Sinegal, who is worth more than $150 million thanks to his Costco stock holdings. “I just think that if you’re going to try to run an organization that’s very cost-conscious, then you can’t have those disparities. Having an individual who is making 100 or 200 or 300 times more than the average person working on the floor is wrong.”

“On Wall Street, they’re in the business of making money between now and next Thursday,” he said. “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.”

As for his staff? Well, Walmart is notorious for high turnover. However:

Workers seem enthusiastic. Beth Wagner, 36, used to manage a Rite Aid drugstore, where she made $24,000 a year and paid nearly $4,000 a year for health coverage. She quit five years ago to work at Costco, taking a cut in pay. She started at $10.50 an hour - $22,000 a year - but now makes $18 an hour as a receiving clerk. With annual bonuses, her income is about $40,000.

“I want to retire here,” she said. “I love it here.”

http://24.media.tumblr.com/tumblr_me5vrjsIJL1qazc74o1_500.png

We invite you to see for yourself why 50 million people are Costco members. You’ll appreciate the quality and value of the products you find at our warehouses. That’s our promise to you. If we fail to deliver on that promise, we’ll refund your money. It’s that simple.

http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?_r=2&pagewanted=all

 

[unregistered]

 

[RobDownSouth]

No, I'm hoping you'll get your posse and come try and make me leave.

It'd be cheaper just to cut off your government check. You'd be dead in 5 weeks. Or sucking dick for table scraps and begging for an emigration visa.

 

[LadyVer]

Choice Gems from the article on Costco being the Anti-WalMart

Wall Street Doesn’t Like CEO Jim Sinegal because:

Some Wall Street analysts assert that Mr. Sinegal is overly generous not only to Costco’s customers but to its workers as well.

One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco “it’s better to be an employee or a customer than a shareholder.”

“They could probably get more money for a lot of items they sell,” said Ed Weller, a retailing analyst at ThinkEquity.

Emme Kozloff, an analyst at Sanford C. Bernstein & Company, faulted Mr. Sinegal as being too generous to employees” He has been too benevolent,” she said. “He’s right that a happy employee is a productive long-term employee, but he could force employees to pick up a little more of the burden.”

However, Mr. Sinegal could give less than a shit about them.

shoppers, stay loyal because they like that low prices do not come at the workers’ expense. “This is not altruistic,” he said. “This is good business.”

Mr. Sinegal’s salary is just $350,000, although he also received a $200,000 bonus last year. That puts him at less than 10 percent of many other chief executives, though Costco ranks 29th in revenue among all American companies.

“I’ve been very well rewarded,” said Mr. Sinegal, who is worth more than $150 million thanks to his Costco stock holdings. “I just think that if you’re going to try to run an organization that’s very cost-conscious, then you can’t have those disparities. Having an individual who is making 100 or 200 or 300 times more than the average person working on the floor is wrong.”

“On Wall Street, they’re in the business of making money between now and next Thursday,” he said. “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.”

As for his staff? Well, Walmart is notorious for high turnover. However:

Workers seem enthusiastic. Beth Wagner, 36, used to manage a Rite Aid drugstore, where she made $24,000 a year and paid nearly $4,000 a year for health coverage. She quit five years ago to work at Costco, taking a cut in pay. She started at $10.50 an hour - $22,000 a year - but now makes $18 an hour as a receiving clerk. With annual bonuses, her income is about $40,000.

“I want to retire here,” she said. “I love it here.”

http://24.media.tumblr.com/tumblr_me5vrjsIJL1qazc74o1_500.png

We invite you to see for yourself why 50 million people are Costco members. You’ll appreciate the quality and value of the products you find at our warehouses. That’s our promise to you. If we fail to deliver on that promise, we’ll refund your money. It’s that simple.

http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?_r=2&pagewanted=all

Interesting. And their using Deutsche Bank as a source is laughable for a few reasons. BTW, what's the deal with the canned corn references I keep seeing on some of these threads?

 

[richard_daily]

Interesting. And their using Deutsche Bank as a source is laughable for a few reasons. BTW, what's the deal with the canned corn references I keep seeing on some of these threads?

veteman paid a ladyboy a can of corn to have sex with him when he was in vietnam as a fry cook.

 

[Sean Renaud]

Interesting. And their using Deutsche Bank as a source is laughable for a few reasons. BTW, what's the deal with the canned corn references I keep seeing on some of these threads?

You'd rather not know. Speak of it no more.

 

[LadyVer]

veteman paid a ladyboy a can of corn to have sex with him when he was in vietnam as a fry cook.

Well, this is Lit afterall.

You'd rather not know. Speak of it no more.

Sounds like good advice.

 

[koalabear]

Interesting. And their using Deutsche Bank as a source is laughable for a few reasons. BTW, what's the deal with the canned corn references I keep seeing on some of these threads?

Ask lil fag chihuahua, he was raised on it.

 

[IrezumiKiss]

Ten Numbers the Rich Would Like Fudged

The numbers reveal the deadening effects of inequality in our country, and confirm that tax avoidance, rather than a lack of middle-class initiative, is the cause.

November 22, 2012

1. Only THREE PERCENT of the very rich are entrepreneurs.

According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.

2. Only FOUR OUT OF 150 countries have more wealth inequality than us.

In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.

3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world’s Ultra High Net Worth Individuals, that’s $8 to $12 trillion in U.S. money stashed in far-off hiding places.

Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.

4. Corporations stopped paying HALF OF THEIR TAXES after the recession.

After paying an average of 22.5% from 1987 to 2008, corporations have paid an annual rate of 10% since. This represents a sudden $250 billion annual loss in taxes.

U.S. corporations have shown a pattern of tax reluctance for more than 50 years, despite building their businesses with American research and infrastructure. They’ve passed the responsibility on to their workers. For every dollar of workers’ payroll tax paid in the 1950s, corporations paid three dollars. Now it’s 22 cents.

5. Just TEN Americans made a total of FIFTY BILLION DOLLARS in one year.

That’s enough to pay the salaries of over a million nurses or teachers or emergency responders.

That’s enough, according to 2008 estimates by the Food and Agriculture Organization and the UN’s World Food Program, to feed the 870 million people in the world who are lacking sufficient food.

For the free-market advocates who say “they’ve earned it”: Point #1 above makes it clear how the wealthy make their money.

6. Tax deductions for the rich could pay off 100 PERCENT of the deficit.

Another stat that required a double-check. Based on research by the Tax Policy Center, tax deferrals and deductions and other forms of tax expenditures (tax subsidies from special deductions, exemptions, exclusions, credits, capital gains, and loopholes), which largely benefit the rich, are worth about 7.4% of the GDP, or about $1.1 trillion.

Other sources have estimated that about two-thirds of the annual $850 billion in tax expenditures goes to the top quintile of taxpayers.

7. The average single black or Hispanic woman has about $100 IN NET WORTH.

The Insight Center for Community Economic Development reported that median wealth for black and Hispanic women is a little over $100. That’s much less than one percent of the median wealth for single white women ($41,500).

Other studies confirm the racially-charged economic inequality in our country. For every dollar of NON-HOME wealth owned by white families, people of color have only one cent.

8. Elderly and disabled food stamp recipients get $4.30 A DAY FOR FOOD.

Temporary Assistance for Needy Families (TANF) has dropped significantly over the past 15 years, serving only about a quarter of the families in poverty, and paying less than $400 per month for a family of three for housing and other necessities. Ninety percent of the available benefits go to the elderly, the disabled, or working households.

Food stamp recipients get $4.30 a day.

9. Young adults have lost TWO-THIRDS OF THEIR NET WORTH since 1984.

21- to 35-year-olds: Your median net worth has dropped 68% since 1984. It’s now less than $4,000.

That $4,000 has to pay for student loans that average $27,200. Or, if you’re still in school, for $12,700 in credit card debt.

With an unemployment rate for 16- to 24-year-olds of almost 50%, two out of every five recent college graduates are living with their parents. But your favorite company may be hiring. Apple, which makes a profit of $420,000 per employee, can pay you about $12 per hour.

10. The American public paid about FOUR TRILLION DOLLARS to bail out the banks.

That’s about the same amount of money made by America’s richest 10% in one year. But we all paid for the bailout. And because of it, we lost the opportunity for jobs, mortgage relief, and educational funding.

Bonus for the super-rich: A QUADRILLION DOLLARS in securities trading nets ZERO sales tax revenue for the U.S.

The world derivatives market is estimated to be worth over a quadrillion dollars (a thousand trillion). At least $200 trillion of that is in the United States. In 2011 the Chicago Mercantile Exchange reported a trading volume of over $1 quadrillion on 3.4 billion annual contracts.

A quadrillion dollars. A sales tax of ONE-TENTH OF A PENNY on a quadrillion dollars could pay off the deficit. But the total sales tax was ZERO.

It’s not surprising that the very rich would like to fudge the numbers, as they have the nation.


http://www.alternet.org/economy/ten-numbers-rich-would-fudged?paging=off

 

[koalabear]

Kill all business owners, then go try to find a job.

 

[Sean Renaud]

Kill all business owners, then go try to find a job.

That would be quite easy as soon as I found where they hid the keys.

 

[jeninflorida]

clearly we must punish that evil CEO and allow the OBama to run that company

Choice Gems from the article on Costco being the Anti-WalMart

Wall Street Doesn’t Like CEO Jim Sinegal because:

Some Wall Street analysts assert that Mr. Sinegal is overly generous not only to Costco’s customers but to its workers as well.”

One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco “it’s better to be an employee or a customer than a shareholder.”

“They could probably get more money for a lot of items they sell,” said Ed Weller, a retailing analyst at ThinkEquity.

Emme Kozloff, an analyst at Sanford C. Bernstein & Company, faulted Mr. Sinegal as being too generous to employees” He has been too benevolent,” she said. “He’s right that a happy employee is a productive long-term employee, but he could force employees to pick up a little more of the burden.”

However, Mr. Sinegal could give less than a shit about them.

shoppers, stay loyal because they like that low prices do not come at the workers’ expense. “This is not altruistic,” he said. “This is good business.”

Mr. Sinegal’s salary is just $350,000, although he also received a $200,000 bonus last year. That puts him at less than 10 percent of many other chief executives, though Costco ranks 29th in revenue among all American companies.

“I’ve been very well rewarded,” said Mr. Sinegal, who is worth more than $150 million thanks to his Costco stock holdings. “I just think that if you’re going to try to run an organization that’s very cost-conscious, then you can’t have those disparities. Having an individual who is making 100 or 200 or 300 times more than the average person working on the floor is wrong.”

“On Wall Street, they’re in the business of making money between now and next Thursday,” he said. “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.”

As for his staff? Well, Walmart is notorious for high turnover. However:

Workers seem enthusiastic. Beth Wagner, 36, used to manage a Rite Aid drugstore, where she made $24,000 a year and paid nearly $4,000 a year for health coverage. She quit five years ago to work at Costco, taking a cut in pay. She started at $10.50 an hour - $22,000 a year - but now makes $18 an hour as a receiving clerk. With annual bonuses, her income is about $40,000.

“I want to retire here,” she said. “I love it here.”

http://24.media.tumblr.com/tumblr_me5vrjsIJL1qazc74o1_500.png

We invite you to see for yourself why 50 million people are Costco members. You’ll appreciate the quality and value of the products you find at our warehouses. That’s our promise to you. If we fail to deliver on that promise, we’ll refund your money. It’s that simple.

http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?_r=2&pagewanted=all

 

[jeninflorida]

If you counted up the number of hours, you devote to "hating" the successful and spend that time devoted into creating something, maybe you could do something with your life?

Ten Numbers the Rich Would Like Fudged

The numbers reveal the deadening effects of inequality in our country, and confirm that tax avoidance, rather than a lack of middle-class initiative, is the cause.

November 22, 2012

1. Only THREE PERCENT of the very rich are entrepreneurs.

According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.

2. Only FOUR OUT OF 150 countries have more wealth inequality than us.

In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.

3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world’s Ultra High Net Worth Individuals, that’s $8 to $12 trillion in U.S. money stashed in far-off hiding places.

Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.

4. Corporations stopped paying HALF OF THEIR TAXES after the recession.

After paying an average of 22.5% from 1987 to 2008, corporations have paid an annual rate of 10% since. This represents a sudden $250 billion annual loss in taxes.

U.S. corporations have shown a pattern of tax reluctance for more than 50 years, despite building their businesses with American research and infrastructure. They’ve passed the responsibility on to their workers. For every dollar of workers’ payroll tax paid in the 1950s, corporations paid three dollars. Now it’s 22 cents.

5. Just TEN Americans made a total of FIFTY BILLION DOLLARS in one year.

That’s enough to pay the salaries of over a million nurses or teachers or emergency responders.

That’s enough, according to 2008 estimates by the Food and Agriculture Organization and the UN’s World Food Program, to feed the 870 million people in the world who are lacking sufficient food.

For the free-market advocates who say “they’ve earned it”: Point #1 above makes it clear how the wealthy make their money.

6. Tax deductions for the rich could pay off 100 PERCENT of the deficit.

Another stat that required a double-check. Based on research by the Tax Policy Center, tax deferrals and deductions and other forms of tax expenditures (tax subsidies from special deductions, exemptions, exclusions, credits, capital gains, and loopholes), which largely benefit the rich, are worth about 7.4% of the GDP, or about $1.1 trillion.

Other sources have estimated that about two-thirds of the annual $850 billion in tax expenditures goes to the top quintile of taxpayers.

7. The average single black or Hispanic woman has about $100 IN NET WORTH.

The Insight Center for Community Economic Development reported that median wealth for black and Hispanic women is a little over $100. That’s much less than one percent of the median wealth for single white women ($41,500).

Other studies confirm the racially-charged economic inequality in our country. For every dollar of NON-HOME wealth owned by white families, people of color have only one cent.

8. Elderly and disabled food stamp recipients get $4.30 A DAY FOR FOOD.

Temporary Assistance for Needy Families (TANF) has dropped significantly over the past 15 years, serving only about a quarter of the families in poverty, and paying less than $400 per month for a family of three for housing and other necessities. Ninety percent of the available benefits go to the elderly, the disabled, or working households.

Food stamp recipients get $4.30 a day.

9. Young adults have lost TWO-THIRDS OF THEIR NET WORTH since 1984.

21- to 35-year-olds: Your median net worth has dropped 68% since 1984. It’s now less than $4,000.

That $4,000 has to pay for student loans that average $27,200. Or, if you’re still in school, for $12,700 in credit card debt.

With an unemployment rate for 16- to 24-year-olds of almost 50%, two out of every five recent college graduates are living with their parents. But your favorite company may be hiring. Apple, which makes a profit of $420,000 per employee, can pay you about $12 per hour.

10. The American public paid about FOUR TRILLION DOLLARS to bail out the banks.

That’s about the same amount of money made by America’s richest 10% in one year. But we all paid for the bailout. And because of it, we lost the opportunity for jobs, mortgage relief, and educational funding.

Bonus for the super-rich: A QUADRILLION DOLLARS in securities trading nets ZERO sales tax revenue for the U.S.

The world derivatives market is estimated to be worth over a quadrillion dollars (a thousand trillion). At least $200 trillion of that is in the United States. In 2011 the Chicago Mercantile Exchange reported a trading volume of over $1 quadrillion on 3.4 billion annual contracts.

A quadrillion dollars. A sales tax of ONE-TENTH OF A PENNY on a quadrillion dollars could pay off the deficit. But the total sales tax was ZERO.

It’s not surprising that the very rich would like to fudge the numbers, as they have the nation.


http://www.alternet.org/economy/ten-numbers-rich-would-fudged?paging=off

 

[islandman]

If you counted up the number of hours, you devote to "hating" the successful and spend that time devoted into creating something, maybe you could do something with your life?

It only seems like hours to you because you still trace each sentence with your finger.

 

[islandman]

Choice Gems from the article on Costco being the Anti-WalMart

Wall Street Doesn’t Like CEO Jim Sinegal because:

Some Wall Street analysts assert that Mr. Sinegal is overly generous not only to Costco’s customers but to its workers as well.”

One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco “it’s better to be an employee or a customer than a shareholder.”

“They could probably get more money for a lot of items they sell,” said Ed Weller, a retailing analyst at ThinkEquity.

Emme Kozloff, an analyst at Sanford C. Bernstein & Company, faulted Mr. Sinegal as being too generous to employees” He has been too benevolent,” she said. “He’s right that a happy employee is a productive long-term employee, but he could force employees to pick up a little more of the burden.”

However, Mr. Sinegal could give less than a shit about them.

shoppers, stay loyal because they like that low prices do not come at the workers’ expense. “This is not altruistic,” he said. “This is good business.”

Mr. Sinegal’s salary is just $350,000, although he also received a $200,000 bonus last year. That puts him at less than 10 percent of many other chief executives, though Costco ranks 29th in revenue among all American companies.

“I’ve been very well rewarded,” said Mr. Sinegal, who is worth more than $150 million thanks to his Costco stock holdings. “I just think that if you’re going to try to run an organization that’s very cost-conscious, then you can’t have those disparities. Having an individual who is making 100 or 200 or 300 times more than the average person working on the floor is wrong.”

“On Wall Street, they’re in the business of making money between now and next Thursday,” he said. “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.”

As for his staff? Well, Walmart is notorious for high turnover. However:

Workers seem enthusiastic. Beth Wagner, 36, used to manage a Rite Aid drugstore, where she made $24,000 a year and paid nearly $4,000 a year for health coverage. She quit five years ago to work at Costco, taking a cut in pay. She started at $10.50 an hour - $22,000 a year - but now makes $18 an hour as a receiving clerk. With annual bonuses, her income is about $40,000.

“I want to retire here,” she said. “I love it here.”

http://24.media.tumblr.com/tumblr_me5vrjsIJL1qazc74o1_500.png

We invite you to see for yourself why 50 million people are Costco members. You’ll appreciate the quality and value of the products you find at our warehouses. That’s our promise to you. If we fail to deliver on that promise, we’ll refund your money. It’s that simple.

http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?_r=2&pagewanted=all

While I agree with the CEO's sentiment, I would remind him that, as a public company, Costco received investors' money at its IPO and any subsequent offerings. As such, Costco has a fiduciary responsibility to its shareholders/bondholders that is on par with its employees.

It's easy to be magnanimous with someone else's money. All Costo has to do is self-tender its shares and go private. This will allow it to manage its business as the CEO sees fit outside of the purview of external stakeholders.

 

[richard_daily]

While I agree with the CEO's sentiment, I would remind him that, as a public company, Costco received investors' money at its IPO and any subsequent offerings. As such, Costco has a fiduciary responsibility to its shareholders/bondholders that is on par with its employees.

It's easy to be magnanimous with someone else's money. All Costo has to do is self-tender its shares and go private. This will allow it to manage its business as the CEO sees fit outside of the purview of external stakeholders.

The problem with that mind-set, is that it only benefits growth, at the expense of sustainability.

How many more economic bubbles do we need to artificially create?

People have the option of dumping their Costco stock if they don't like the CEOs approach. I don't see their share prices plummeting though.

 

[islandman]

The problem with that mind-set, is that it only benefits growth, at the expense of sustainability.

How many more economic bubbles do we need to artificially create?

People have the option of dumping their Costco stock if they don't like the CEOs approach. I don't see their share prices plummeting though.

Explain the sentence in large font to me. No one goes public to achieve sustainability. That may happen in the course of their lifecycle, but here too, there are dividends to be paid out, i.e., utilities and other mature-esque companies. Costco pays a dividend.

As for dumping their stock, yes, they do have that right. Superseding that, however, is a CEO's commitment to stakeholders. You can take their money (as a company), but that gives them a seat at the table. You can't just ignore them afterwards.

 

[richard_daily]

Explain the sentence in large font to me. No one goes public to achieve sustainability. That may happen in the course of their lifecycle, but here too, there are dividends to be paid out, i.e., utilities and other mature-esque companies. Costco pays a dividend.

As for dumping their stock, yes, they do have that right. Superseding that, however, is a CEO's commitment to stakeholders. You can take their money (as a company), but that gives them a seat at the table. You can't just ignore them afterwards.

Short term profitability at the expense of long-term sustainability is a horrible business model.

Nature is not a part of business, business is a part of nature. Ignoring that is the reason why we have global warming, fight countless wars, and so forth.

The CEOs first and foremost responsibility is to the planet, because without it, they wouldn't be alive.

Sustainability is the ONLY model for business that makes sense for the planet.

Reducing or removing accountability for your actions, through the invention of the corporation, has led to thousands upon thousands of preventable man-made disasters.

In terms of stock value, Costco seems to be doing just fine, and I don't see stockholder outcry towards their practices.

The only reason that this is an issue, is because it shines a light on the poor business practices of most corporations, and shows that it CAN be done right, and with more than just a mentality of "grab everything that you can, while you can".

That's an extremely dangerous concept to those who are exploiting their workers, and the planet.

 

[Fushi]

I actually think corporations shouldn't be taxed at all.

 

[islandman]

Short term profitability at the expense of long-term sustainability is a horrible business model.

Nature is not a part of business, business is a part of nature. Ignoring that is the reason why we have global warming, fight countless wars, and so forth.

The CEOs first and foremost responsibility is to the planet, because without it, they wouldn't be alive.

Sustainability is the ONLY model for business that makes sense for the planet.

Reducing or removing accountability for your actions, through the invention of the corporation, has led to thousands upon thousands of preventable man-made disasters.

In terms of stock value, Costco seems to be doing just fine, and I don't see stockholder outcry towards their practices.

The only reason that this is an issue, is because it shines a light on the poor business practices of most corporations, and shows that it CAN be done right, and with more than just a mentality of "grab everything that you can, while you can".

That's an extremely dangerous concept to those who are exploiting their workers, and the planet.

We're of two very different minds on this topic.

 

[jeninflorida]

spoken by someone with no experience in any leadership role!

Keep up the dream!

Short term profitability at the expense of long-term sustainability is a horrible business model.

Nature is not a part of business, business is a part of nature. Ignoring that is the reason why we have global warming, fight countless wars, and so forth.

The CEOs first and foremost responsibility is to the planet, because without it, they wouldn't be alive.

Sustainability is the ONLY model for business that makes sense for the planet.

Reducing or removing accountability for your actions, through the invention of the corporation, has led to thousands upon thousands of preventable man-made disasters.

In terms of stock value, Costco seems to be doing just fine, and I don't see stockholder outcry towards their practices.

The only reason that this is an issue, is because it shines a light on the poor business practices of most corporations, and shows that it CAN be done right, and with more than just a mentality of "grab everything that you can, while you can".

That's an extremely dangerous concept to those who are exploiting their workers, and the planet.

 

[jeninflorida]

It only seems like hours to you because you still trace each sentence with your finger.

I see you IQ is only at Royie and SeanR level. Sad. Best of luck with you

 

[Fushi]

I see you IQ is only at Royie and SeanR level. Sad. Best of luck with you

Just going to point out "you IQ", and I think his name is Rory.

 

[Ulaven_Demorte]

I see you IQ is only at Royie and SeanR level. Sad. Best of luck with you

Just going to point out "you IQ", and I think his name is Rory.

Just a couple of the reasons why jen'dumbasastump'inflorida is so unintentionally hilarious and hasn't made my ignore list.

 

[islandman]

I see you IQ is only at Royie and SeanR level. Sad. Best of luck with you

And judging by your writing, your erotica must be geared primarily to the prison crowd.

Best of luck to you too.