Posted on 07/21/2004 9:25:28 AM PDT by Rushgrrl
Costco, Wal-Mart duel in political arena Warehouse-store giants give money to opposing parties
By MICHAEL FORSYTHE AND RACHEL KATZ BLOOMBERG NEWS
Executives at Costco Wholesale Corp. and Wal-Mart Stores Inc., competitors in the $76 billion U.S. warehouse-club market, have taken their rivalry to a new level: national politics.
Costco Chief Executive Officer Jim Sinegal, 68, is a Democrat who says President Bush's $1.7 trillion in tax cuts unfairly benefit the wealthy. He opposed the Iraq war and supports Sen. John Kerry of Massachusetts for president. And he's the only chief executive of a company in the Standard & Poor's 500 Index to donate money to independent political groups formed to oust Bush, Internal Revenue Service records show.
Wal-Mart, the world's largest retailer and owner of Sam's Club warehouse stores, gives more money to Republican candidates than any other company does. Its top three managers, including Chief Executive H. Lee Scott, donated the individual maximum $2,000 to Bush, and Jay Allen, vice president for corporate affairs, raised at least $100,000 to re-elect the president, earning him the Bush campaign's designation of "Pioneer."
(Excerpt) Read more at seattlepi.nwsource.com ...
I mean that when the average store costs 450K in government handouts to employees, I consider that 450K to be a government subsidy.
Again, I prefer Target. TARGET. I've rarely been to Costco, and don't have a membership. They do, I hear, have some tasty plasma tvs at affordable prices which may have me rethink that membership.
Anyone know anything about BJ's wholesale?
as a physician in south georgia who sees those who work at wally world you are correct
Thank you... all I try to do is point out that Wal-Mart is no shopping panacea and ya get jumped on.
Costco has been weighed, measured, and found wanting. They are so inconsistent as to inventory. Nary a ballpoint pen to be found. Soup stocks are like the lottery. Two registers open at prime time. Useless people on the floor.
American capitalism works again.
I wouldn't declare Walmart a hero only that one point.
WalMart is lining the Chinese Commies pockets with hard currency that will one day come back to bite us in the A**
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