There was a great article a few weeks ago in the New York Times (requires registration), about some of the differences between Costco and Wal Mart. Granted, the comparision is not flawless given the somewhat different product offerings the two companies offer. Still, they’re both massive big-box retailers on the surface. The big differences in terms of how the companies are run: 85% of Costco employees have health indsurance compared to less than half of Wal Mart’s, average pay at Costco is 42% higher, employee turnover and theft is lower at Costco… the result? In the last yeah, Costco stock is up 10%, while Wal Mart’s is down 5%. Just another lesson that doing the right thing pays off. (Via Simran Sethi at IntentBlog)
Nick Aster is a new media architect and the founder of TriplePundit.com
TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.
Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.
Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.
Follow Nick Aster @nickaster