Think the CEO of Costco did a similar move with the hot dogs
Close. The founder told the CEO if he raised the price on the hotdog “I will fucking kill you”.
So, who really gets the credit here is up to you.
The person who threatened to kill the CEO if the CEO fucked his customers, or the CEO who didn’t fuck his customers out of self-preservation?
They also bought 2 hotdog factories to minimize the loss.
Costco does pay decent as well.
Could they do better? Yes, but they are pretty decent for employees and consumers.
So what your saying is, Costco’s founder and the shooter have a similar energy?
Costco also puts a maximum percent profit on items.
Really? That’s awesome.
Also. I believe, he also said , if the workers think they need a union, we’ve failed as managers.
So. Yeah
I mean, it’s an understandable viewpoint.
It’s when union busting tactics are being brought in that things are problematic.
I wish more companies had this mindset. If you treat your employees well and listen to their needs, they won’t need to unionize. When they do unionize, it means they don’t feel that they have been treated well and listened to.
It seems that the end result of this philosophy would be to treat your employees well!
If you have an employer that does the right thing, you should have a union that doesn’t need to do much. But you should still unionise, because it’s niave to think the company will always continue to behave that way. If anything, they naturally drift away from that state and it’s only a matter of time until it changes. The union is about having a level playing field with the company when you need it.
Unionize it’s not only about raising your working conditions. It’s about helping other to raise theirs. If you have better conditions you can tell other business owners that what the Union is asking, you already have it. One less point where they can grab themselves.
“I came to [Sinegal] once and I said, ‘Jim, we can’t sell this hot dog for a buck fifty. We are losing our rear ends,’” Jelinek recalled in a 2018 interview with 425 Business. “And he said, ‘If you raise the effing hot dog, I will kill you. Figure it out.’”
Out of curiosity, how is it legal for Sinegal to say that to Jelinek? Or it isn’t but no one cares to press charges?
CEO of Ben &Jerry’s. They are not just posting the black square on their insta and then moving on, like half their posts are about fighting inequity, encouraging people to vote for actual human rights, openly pro abortion, pro immigrant rights, pro black rights, pro women’s right, about fighting climate change etc. they are walking the walk, conservative dollars be damned
GabeN has been pretty cool.
Gabe has 6 yachts worth about $1 billion dollars. Not very cool at all, imho.
CEOs should just be elected by the employees
Pirates had some of the purest forms of democracy. Their captains were democratically elected in many cases as well. Not sure why they came to mind when you said this… But if your going to rip people off, and democratically pick your leader, pirates formed your company right
Yeah… no.
Reality is sometimes the boss has to be bossy. Quadrupling salaries and cutting 4 days a week from the schedule sounds great for employees until the business fails.
What should be implemented is a maximum ratio of executive/worker pay (including contractors so they don’t just outsource cheap labor to cheat the system) based on 5-year averages.
Without the 5-year rule, and new CEO can come in, give everyone massive raises, and burn the company down for a quick buck.
The boss can still be bossy if elected. Your 5 year rule is silly and does not address the overlying problem, which is that the CEO works for the shareholders and they only care about making record quarterly profit gains at any cost.
The boss does sometimes have to be bossy. If the workers have a stake in the company that actually matters, then they also actually care about the outcome that the company faces.
You’re not going to vote to drive something into the ground if you think it will provide you with more value not dismantled and in your pocket.
Workers aren’t idiots any more than CEOs are. It’s why worker owned co-ops that elect their management do sometimes vote to reduce their own wages. They have a fair stake and want what’s best for the business because it’s best for them.
What if they work for a company where the vast majority of positions aren’t viewed as a “career” jobs?
Not many people want to flip burgers or stock shelves the rest of their lives. If 80% of the workplace doesn’t plan on sticking with the company anyway, why wouldn’t they elect the person who will triple their salary for a few months before they jump ship to another burger chain?
With that bump in payment, they can afford to spend a few months looking for a job after the one they have goes away because the business went under.
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Couple of British examples of what should be the standard for modern business:
Julian Richer, founder of Richer Sounds (hifi store in the UK), seems like one of the better capitalists around. He signed over majority control of the company to an employee trust when he turned 60, donates 15% of their profit to charity, runs a nonprofit dedicated to exposing corporate tax avoidance, campaigns against zero hours contracts, and devotes company resources to promoting unsigned bands: https://en.m.wikipedia.org/wiki/Julian_Richer
James Timpson recently stepped down as CEO of Timpson, another UK retailer that specialises in things like key cutting, shoe repairs, passport photos etc. He made it company policy to hire people who had been to prison and help them get back on their feet, and his campaign for prison reform saw him step down from the company to become Minister for Prisons in the current government. The company has a “Director of Happiness” who is paid to keep the front line staff happy, resulting in policies like getting the day off work on your kid’s first day of school, compassionate leave for the death of a pet, etc. https://en.m.wikipedia.org/wiki/Timpson_(retailer)
Is the CEO of costco still a decent guy?
The hot dogs are still $1.50
nuff said
Costco recently got a new CEO. The company had been pushing scummy tactics ever since.
That’s disappointing.
'Frade not. They are currently executing union busting measures against their workers.
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Newman’s Own salad dressing. Privately owned and all profits go to charity.
Same with their frozen pizzas? I had never bought one before, then saw they were on sale the other day and figured I’d try them. Think it was 4.99 a piece. (Bogo 9.99) The pepperoni and ricotta one wasnt bad. The sourdough wasn’t very decipherable, but better than many cheaper pizzas. The 5 cheese I can’t speak for… As I overcooked it. The timer went off and I checked it, said to myself the cheese could melt a bit more and closed the oven. Saw the bottle of strawberry wine I was making didn’t look like it was bleeding air properly next to the sink and decided I should slowly turn the cap to drain the pressure and let the fermentation continue. (Have gallons of strawberries I froze left over still from spring that I grew). Turned the lid a bit and it of course exploded so much worse than I expected. Ceiling, floor, cabinets and everything within 10 feet got hit. I went to the bathroom and took my shirt off washed myself, started cleaning up the mess and cleaning the ceiling, cabinets and finally the floor when I remembered, oh shit the pizza… Yeah. The cheese was melted by then… just a bit darker than intended
Seconding this, Paul Newman was probably the best person to ever come out of the state of Ohio.
He co-founded Newman’s Own, a food company which donates all post-tax profits and royalties to charity. As of May 2021, these donations totaled over US$570 million. Newman continued to found charitable organizations such as the SeriousFun Children’s Network in 1988 and the Safe Water Network in 2006.
(Pasted from his Wikipedia page)
Craig Jelinek the (CEO of costco until recently) was always considered a good guy for putting his employees first and concentrating on keeping a high bar for product quality.
Sam Reich of Dropout TV
He’s been here the whole time!
Is he even technically rich-rich? Or is he just my-parents-have-money rich?
Any CEO that champions OpenSource software is good enough to me
… and actually gets their company to support it. My previous employer would only use FOSS when possible (good). But they refused to financially contribute to those projects (BOO!).
Bill Penzey would be safe in my book. Penzey’s spices are a fantastic product, but he’s an activist who very vocally supports equality, respect, and human dignity.
Shortly after the election I received a blanket from them with a very kind note. Apparently they had a promotion where you could submit the name and address of someone who is struggling and could use a hug. I have no idea who nominated me, but I’m so grateful. Penzey’s didn’t change any money for this, which is crazy to me.
I just went to the website and was my attention was first on the link “About Republicans”. An essay on the current fall of the Republican party and why they don’t believe in them anymore. I think they deserve some of my money.
You will be well rewarded with a quality product, too! It’s so good, even my MAGA mother in law is on their mailing list. If you enjoy the essay About Republicans, you’ll likely also love their emails. They have great sales, too. The weekend before the election they offered half off almost everything in their stores if you mentioned the promotion, and I got a free coffee mug, sticker, and sample product. They offered me two mugs because my partner came with me, but I didn’t want to be greedy.
I loved going into the Penzey’s near me. Just about every spice you could ever need, and my store had an entire section dedicated to different types of cinnamon from all around the world. The people that worked there were all super nice and helpful too, it was always a joy going in there. Unfortunately that location didn’t survive COVID 😢
Their emails are amazing. And the spices are very very good. I need to get some more of their vanilla. It was on sale, I think it might still be for today.
Also there’s sometimes pictures of pets in the emails.
Well I know for sure ain’t nobody mentioning the Nestle CEO, Laurent Freixe, on here 🤣
My company’s owner/CEO can stay, gives us all sizeable profit share bonuses. During covid people didn’t get layed off, even though there was no work. Sure hours were reduced, but work was found around the shop to keep people busy as much as possible.
In other words, small business owners that care about employee and their clients.
Who stay small because they don’t squeeze their employees and their clients to grow. They care about risks when opening a new location, even if those risks are primarily to the people they’d hire.
What’s it called when something grows out of control without regard to the welfare of their peers or the sustainability of the system?
Maybe all CEOs get a yearly review. If they are good, they continue working. If something doesn’t add up, they get to choose to quit or they get executed right on the spot by placing their head between two large metal plates. The top plate is then dropped from 3 stories high.
This sounds like the start of how liberal govt. was invented.
We’ll end up with elected reps, laws, courts etc.
Which will soon be corrupted by the private sector
We’ll need to invent some kind of open source decentralized communications platform to discuss the problem.
to be fair, corruption will always exist, but without the strongest forces of corruption present (yes the rich surprisingly) it will be a lot more manageable
Why wait a year? Make it bi annual
I don’t particularly mind if they’re bi or not lol.
Bill Long (now retired), who helped to transition WinCo into an employee owned business.
