Probably Venture Capitalist.
Isn't CostCo a membership store?
Quite honestly...the less employees you hire...the more you can pay them. I have never SEEN a Costco. They won't put them in my area. They won't even put a publix. Do you know how bad that sucks?
I am curious as to what areas Walmart and other places have been beaten out by dollar general, and also to see the lowest avg income of the areas around Costco vs walmart.
Anyway. Business isn't the enemy. We have an anti-business mentality in office, lots of anti-business people around, and a lot of business owners covering their ass afraid to make a move.
The Crowd is not the sum of its parts.
Other things I've read about this man is that he bucks Wall Street who bitch about him paying his employees too much cutting into his margins and he does so by saying, (paraphrase) "I pay my employees good and therefore I don't have the shrink loss and I don't have employee turnover like my competitors." That's where he saves money. Training and shrink, which when I worked at Sam's Club was a HUGE problem. Instead of paying their employees better they just increased surveillance and the employees distrust between each other and the company went up and morale tanked.
Unlike my Albertson's grocery store here where you can't find a soul in the store except the two or three at a cash register and at 5:30pm when the lines back up down the store's aisles due to the after work rush. Then of course you go to the customer service counter for something and no one is ever there and they have to be paged.
So you see, everyone? HuffPo's moral here is that Walmart and Sam's Club should fire half of their staff.
The OP's premise is a false one. Costco sells items at wholesale. When you buy something you buy the largest possible size/container in most cases, just at a very reasonable price. You are also pretty much on your own. There aren't employees around to really help you with much. They have a decent business model. It's apples and oranges though to compare Costco to a retail outlet like Walmart however.