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Costco shoppers are there for buying, in/out quick and they spend a lot of money per trip. Heck you even have to pay to shop there (membership). Walmart....well look at the pics and you decide WTF they are doing there! I couldn't imagine Walmart asking shoppers to buy a membership!
Ever heard of Sams Warehouse ? Walmart has Costco type operations and do charge a fee to join.
I don't think per store is an accurate comparison because we are talking about as a percentage of total business. CEOs are responsible for an entire organization, whether that is 3 stores or 10k stores.
Now if you want to talk about which company makes more per store (a form of competitive analysis) that may make sense, but that isn't really relevant for CEO pay.
I don't think per store is an accurate comparison because we are talking about as a percentage of total business. CEOs are responsible for an entire organization, whether that is 3 stores or 10k stores.
Now if you want to talk about which company makes more per store (a form of competitive analysis) that may make sense, but that isn't really relevant for CEO pay.
No, per store revenue is a good metric, revenue per sq ft is even better. If a company is making more per square foot they are using the resources better. Hence, the CEO should be rewarded better.
I deal with reality, everyone isn't equally qualified. There are hundreds of factors to consider in hiring, on both sides, money should never be your first or only metric. Unless you like hiring, training, hiring, training, it is best to take a long term view. I have been on both sides of maybe a hundred job interviews, no two went the same. Every person is different and it is the skill of finding an employee who will fit the job today and can help grow your business and grow themselves. Going for the "low bidder" invites failure. Cosco vs Sam's Club is a perfect example. Cosco pays more, hires long term and has a happy any motivated workforce. Sam's, not so much.
Everyone is qualified to flip burgers, but not everyone is qualified to be the CEO of Burger King. What you are arguing is contradictory to what the OP argued. Jobs that require no experience go to the lowest bidder; jobs that require the greatest experience go to the highest bidder (because they are the most experienced).
No, per store revenue is a good metric, revenue per sq ft is even better. If a company is making more per square foot they are using the resources better. Hence, the CEO should be rewarded better.
They are two different businesses. It would be like comparing Amazon to Target. Comparing Sam's and Costco in that fashion may make sense, but you are suggesting a comparison between apples and oranges. Read the article I posted a few pages earlier.
Everyone is qualified to flip burgers, but not everyone is qualified to be the CEO of Burger King. What you are arguing is contradictory to what the OP argued. Jobs that require no experience go to the lowest bidder; jobs that require the greatest experience go to the highest bidder (because they are the most experienced).
Well, I'd differ with you there. At any level ability, experience and education improve job performance. A "burger flipper" that has a high rejection rate isn't properly placed. I know someone that is a very capable worker, until you ask them to calculate change at a register. They have what I'll describe as "currency dyslexia", even when the register tells them what change to give they have trouble determining which coins and bills to select to make that change. Is she "interchangeable" with anyone else? Nope.
Actually, there are millions, maybe tens of millions, of ppl that are more than qualified to be a ceo at any corporation in this country, but they will never reach that level becuz of limited opportunities. It is a bit like a good old boyz club with failed CEO's moving from one golden parachute to another. Hostess burned thru, what, 9 CEO's in 12 years????
I hope I dont offend anyone, but if you work at Wal-Mart, how much do you expect to make? Should a Wal-Mart worker with limited skills make the same as a skilled worker?
If 80% (almost) of WalMart workers accept some form of government subsidy, then our tax dollars are subsidizing the company and it's investors for underpaying staff. The only way that they can get away with this is that the economy is in the toilet.
If 80% (almost) of WalMart workers accept some form of government subsidy, then our tax dollars are subsidizing the company and it's investors for underpaying staff. The only way that they can get away with this is that the economy is in the toilet.
Speaking of toilets, I have been told that Walmart employees provide their own toilet paper, tissues, soap and hand sanitizers. Not sure if that is true, if it is, that is disgusting.
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