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In reply to the discussion: After protest, Amazon workers finally get AC (some work in 110 degree temps for $11/hr) [View all]suffragette
(12,232 posts)The ironic result being these results:
http://www.nytimes.com/2012/03/01/business/costco-sales-beat-wall-street-forecast.html?_r=1
Costco Sales Beat Wall Street Forecast
By THE ASSOCIATED PRESS
Published: February 29, 2012
Their workers and customers clearly value the way Costco operates, but Wall Street has long disparaged them and called for them to shift practices to devalue workers and the communities they serve.
Wrote a bit about it here in DU2:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=8769829&mesg_id=8770550
Sinegal long resisted the Wall Street directives even though he could have made a bundle from following them and built a successful company that demonstrates a better model. He still did quite well personally and well by his company. Hopefully his successor follows his lead.
Hmm, on second thought maybe this isn't a side note, but instead is part of what lies at the core of this matter. The practices Wall Street pushes are the opposite of what we need as people, as companies, and as societies. We can and should do better and we have models that show the proof of going in that direction.