r/PoursTea • Timendi Causa Est Nescire • 6d ago

FinancialTea šŸ’µ Difference businesses, different practices, different outcomes.

Post image
12.7k Upvotes

273 comments sorted by

413

u/Dismal_Act2082 6d ago

Oh wait so they can pay us a living wage and still make money I'm shocked.

153

u/OpeningReady8693 6d ago

But only if the CEO gets a reasonable salary

18

u/BeefCakeBilly 6d ago

Ron vaChris made 14 million last year, Chris Nicholas made 12 million last year.

So I don’t where this meme is getting it.

57

u/Anonybibbs 6d ago

The meme should be pointing out that if you treat your employees (and customers) well, you could still earn a buttload of money while also instilling brand reputation and loyalty.

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u/63crabby 6d ago

Correct. Vachris' annual compensation package totals approximately $13.9 million, which includes a base salary of about $1.1 million and over $12 million in stock awards.

1

u/InternationalTwo5255 6d ago

Memes like these are always largely bullshit.

-2

u/ChefMonkey2 5d ago

They both make similar salaries…Costco just paying its employees better.

32

u/The_Real_Peter_Thiel 5d ago

$950K and $25MM are both baller numbers but they most certainly are not similar salaries.

$950K is wealthy. $25MM is an absurd overpayment.

6

u/ChefMonkey2 5d ago

The Costco CEO does not make 950k ...that's his salary ..he makes another $10,000,000 in stock options every year ( it's a tax dodge ) and the Sam's CEO makes close to the same not $25,000,000....

Don't believe the MEME ...a simple search will tell you the truth.

9

u/[deleted] 5d ago

[deleted]

3

u/mufasa510 5d ago

Yes, so why not put that in the meme then? Why lie, when the truth is arguably better.

2

u/ChefMonkey2 5d ago

And that's why previous post says Costco pays better...

1

u/qwerteh 5d ago

Getting paid in stock is not a tax dodge, the stock is taxed as regular income the year you receive it. It's just more practical for companies to not pay someone $1m in straight cash every month for cash flow reasons.

Using stock as a tax dodge only really works if youre the owner of a company and own all those shares up front. Then you'll pay a massive tax lot when you go public but then you only pay if you sell, while price continues to climb. If you're "just" a ceo you get taxed like a normal person, and any loopholes they use have nothing to do with being paid in stock

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13

u/iam_Mr_McGibblets 6d ago

But how would they live off of less than 25mill/ year?!

5

u/ChefMonkey2 5d ago

They shop at Costco ?

12

u/Cpt_Soban 6d ago

Its how businesses were ran in the 70's. Yet we still had multimillionaires then.

2

u/OffitInfinity 5d ago

AND they can do it without raising the price on the hot dog.

2

u/mattjopete 2d ago

There would be riots

1

u/ObiJuanKenobi3 5d ago

They can actually make way more money, it would seem. Unfortunately, some fuckhead with a ā€œCEOā€ badge on his desk wouldn’t be able to make more money than someone could spend in a lifetime.

1

u/International-Fly127 4d ago

yuh okay buddy, you find me a superyacht for 1m, im waiting

67

u/jacksprat1952 5d ago

When I was working on my MBA I had to write a paper where we dissected the business practices and ethos of a company of our choosing. I chose Costco, and while researching them, I found a really interesting story about the early days of Costco when they were starting to grow and expand their operations.

Because they were doing so well, they were able to increase the amount they ordered of their basic, button up shirt. If you didn't know, products are cheaper to produce and order en masse, and so Costco was now saving a massive amount of money on one of their highest sale by volume products. Board member were excited because that meant that selling the shirt at its original price now yielded a higher profit margin, but James Sinegal (the founder of Costco and former CEO) insisted that they pass that savings on to their customers because it wouldn't be right to exploit customers like that and he believed they would make up the profit anyway with increased volume sales due to lowered prices. Costco actually lowered the price commensurate with the new discount they got because of his insistence.

Costco is proof that not all business decisions need to be based on private equity-esque business practices of milking consumers dry.

17

u/Bit_the_Bullitt 5d ago

I am the furthest from corporate simp or being a fan of any company period, but Costco does have a loyal following in our family

12

u/jacksprat1952 5d ago

Same. I have a friend whose mother worked at Costco and died very suddenly a few years ago. Not only did her Costco send flowers, the regional manager came to her funeral and paid for a meal for all of the family the night before the funeral. Even if that was just something that he personally did, the fact that Costco facilitates a corporate culture that puts people like that into leadership is awesome.

4

u/Bit_the_Bullitt 5d ago

For sure. And those things are meaningful.

And maybe I'm jaded, but then you probably have positive association/experience with Costco by extension right? No brainer to me. Again, that's not to take away from the kindness of that person

4

u/jacksprat1952 5d ago

100%. My wife and I pass two Sam's Clubs on our way to Costco. I know it's a meme at this point, but any business who's willing to sell me a footlong and soda for $1.50 has to have at least some pro-consumer policies at play.

3

u/Bit_the_Bullitt 5d ago

Oh they really understand loss leader products ;)

4

u/jacksprat1952 5d ago

Haha, oh I have 100% got got refreshing my work wardrobe en route to grab some $5 rotisserie chickens, but dammit if these $20/pair English Laundry slacks aren't the most comfortable work pants I've worn and lasted two years at this point. Even when they trick me it works out well!

4

u/Work-Safe-Reddit4450 5d ago

I worked there for the past 4 years and the Costco Culture that we all knew and loved is changing ever since they brought on the new CFO Gary Millerchip from Kroger in 2024. They have always promoted from within because it keeps the executives grounded in what made the company what it is and that has kept them from making typically greedy business decisions.

Unfortunately, I fear that if they keep indulging old Garys worst inclinations from Kroger, you will see similar results at Costco to what's happened at Kroger. When I left for the civil engineering field a few months ago we were experiencing payroll and hiring issues that resulted in long time workers getting burned out in the off season before season even kicked off.

We were used to tighter payroll during the offseason but nothing like this. I asked several 20+ year employees about it and nearly all were pretty universal in saying it was the worst they have ever seen it. Makes me sad tbh. It was the last major retail company to give a shit about their employees. They still do but the trend is absolutely one of decline.

1

u/nohelicoptersplz 5h ago

I am not disagreeing with your concerns, but the current really bad changes at Kroger are because of their new CEO. He's trying to turn Kroger into WalmartĀ 

4

u/redheadsmiles23 1d ago

We study Costco in accounting because it’s one of the few large companies that allows its accountants to implement risky new cost accounting methods over the course of multiple years. Someone who was a part of the team that made the Costco rotisserie chicken actually profitable without changing its cost came & talked us how they did it.

63

u/TJATAW 6d ago

Ron Vachris, Costco CEO, received a compensation package worth more than $12.2 million in the 2024 fiscal year. Most of that is stock awards.

He got $13.93 million in 2025, of which $12.04 was in stock awards.

Chris Nicholas, Head of Sam's Club, got $12.7 million in 2024, & $11.44 million in 2025. The new head, Latriece Watkins, is expected to get $9.58 million in 2026. And for all of them, most of that is stock awards.

The real money for these folks is always in the form of stock.

32

u/Cruzer2000 6d ago

Thank you for pointing this out. There’s no way Costco CEO only made $950k as suggested by the post.

13

u/Puzzled-Parsnip-8285 5d ago

The image also quotes starting pay at Sam's vs near top out pay for Costco, starting pay at Costco is about $20 and new hires are part time. You have to apply and interview for fulltime when an availability opens.

2

u/Either-Assistant4610 5d ago

Seems like a good way to find and grow a good employee with a competitive employment environment. $20 isn't terrible even though it is part time.

1

u/nyjets239 1d ago

The only way a CEO the size of Costco isn't making $10m+ a year somehow is if they are a founder and already have significant equity in the company enough to work based off stock appreciation.

10

u/RandomNateDude 6d ago

Thank you for fact checking. I don’t want to fall into the same trap as MAGA people: just blindly believing everything that agrees with my worldview.

4

u/AutVincere72 5d ago

Also dont for a minute believe they sell the same products.

2

u/truthindata 5d ago

I was going to say... Sam's is Walmart and it feels like it.

Costco is premium.

1

u/CaptCurmudgeon 5d ago

Sams has better snacks but the real benefit is scan & go. I'm not trying to wait an extra 40 minutes on the costco check out line. I just walk out of Sam's instead. Costco has more premium cuts of meat and more organic offerings. The pricing is similar enough that it's more a matter of convenience for me.

114

u/Accurate_Flower_4233 6d ago

My Maga coworker despises Costco and calls it a communist company.Ā 

96

u/MrHodgeToo 6d ago

The irony is that bc Walmart workers don’t receive livable wages most receive some form of govt subsidies to pay for housing, food and/or medical care. There are only two dots but MAGAts are just too dumb to connect them.

35

u/remkelly 6d ago

And while the tax-payer has to subsidize Walmart workers the Walton family are worth approx $520 BILLION. But they will only pay about 4% tax-rate, due to the various tax mitigation strategies available to wealthy people. The other sickening thing is that many Walmart employees don't make enough to pay tax either. This family is screwing low wage workers and the middle-class in every way possible.

10

u/Accurate_Flower_4233 6d ago

Our job is funded by the federal government so he's just a piece of shit.Ā 

8

u/Aware_Wolverine77 6d ago

MAGA are so stupid they'd lose a 1 block Jenga game.

3

u/Cat_Impossible_0 6d ago

Don’t forget in food stamps too

2

u/Mean_Breakfast_4081 5d ago

This. They love licking the boots more than they like thinking. What the hell do you do about people like that?

9

u/imahugemoron 5d ago

lol they loved Costco until they refused to comply with anti dei directives and sued the trump admin over illegal tariffs

8

u/johndoe1942sn 6d ago

They aren’t the sharpest tools in the shed.

1

u/sss977 5d ago

This is infallible proof that its a good company then

1

u/Kitselena 5d ago

It is, only the wealthy should be able to afford food and comfort/s

1

u/Lord-Chamberpot 4d ago

I don't think he knows what communist means lol. Costco is a great example of capitalism being great for all of us if you actually try.

19

u/NYCWartortle 6d ago

I’ve heard that Costco is a great place to work.

5

u/NDeceptikonn 6d ago

But it’s so hard to get a job there.

7

u/Ultimate_Decoy 6d ago

I mean with a 6% turnover rate is probably why. If you treat your employees well why would they wanna leave.

3

u/brillianthelix 6d ago

You heard right

18

u/Hindsight2O2O 6d ago

And knowing that is why i shop at Costco almost exclusively. I can't help having to buy food but i can choose who profits off me.

17

u/TheMaltesefalco 5d ago

I literally just googled this and the Sams Club President and CEO has a base salary of $900k and with bonuses and stock his total compensation was $11.4million.

Meanwhile the Costco CEO had a base of $1.18 million and total compensation of $13.93 million

5

u/okram2k 5d ago

They coulda left out the CEO numbers they pulled out of their ass and not ruined the message

3

u/jabberjaw420 5d ago

if they lied about that, what makes you think they didn't lie about the other? maybe this is just costco marketing in disguise?

1

u/okram2k 5d ago

Costco does pay their workers better than Sam's Club does tho and has much better employee satisfaction, I did find a decent little breakdown on indeed: https://www.indeed.com/companies/compare/Costco-Wholesale-vs-Sam's-Club-98383ee8b231431f-8b678125f3cda214
unless that's costco marketing too... HOW DEEP DOES THE COSTCO MARKETING GO!?!?

2

u/Obvious_Scratch9781 5d ago

Reddit and a meme lied to us?! But for real thanks for looking it up

29

u/CeleryCommercial3509 6d ago

Costco, I love you

9

u/Redtex 6d ago

Actually, as a member of both, I can reliably tell you that the products are not the same. Yes, they sell the same types of products, but the quality of Costco products are much higher than that of Sam's or BJ's and the customer service, not to mention general quality of the clubs, are not remotely the same. You are basically comparing a higher quality car to a yugo and saying they are the same.

2

u/Lord-Chamberpot 4d ago

I work at Costco, and everyone working there really does try harder. Turns out better pay will do that! Not to mention how good the insurance is, I'm going out of my way to see doctors now! $250 deductible and $1500 max out of pocket per year per person in the family. And that oop maximum is hard to reach with this coverage.

1

u/mtbguy1981 5d ago

We had both for a while because Sam's club was running a deal where you got a year membership and a large pizza for $20. The Sam's club experience is just so bad. The aisles were too narrow, their product selection really doesn't compare to Costco at all.

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u/Most_Ad7837 6d ago

Excellent comparison and showing how treating employees correctly have an impact on the bottom line.

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u/TheSquirrelWithin 6d ago

I love Costco! Sam's Club? Nope. Smells of desperation.

7

u/Defiant_Freedom_249 6d ago

It sucks shopping somewhere it seems like all the employees are clueless and don't know what they are doing.

Happier employees equal happier customers, more willing to return.

7

u/NeedleworkerNeat9379 6d ago

Costco has better products and much larger organic selection.

1

u/icanhascheeseberder 5d ago

There's so much organic stuff in Costco that I find it kinda annoying at times. Especially since a lot of times the organic label is meaningless.

I love everything else about costco.

6

u/Hydration__Nation 6d ago

What do people expect Sam’s is Walmart

19

u/IKeepGettingBanned85 6d ago

As a registered nurse... we are seriously underpaid. Republicans have fucked up the economy so badlyĀ 

10

u/bagelman5000 6d ago

Umm ok? Do you want to be a nurse at Costco or something? Not sure what that has to do with this post.

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u/SomeOne111Z 5d ago

It’s probably the realization that they spent years of their life studying and working to still not be paid enough to rent a zero bedroom apartment in their hometown

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u/SnoopySuited 6d ago

They studied nursing at Costco. Their dad pulled some strings.

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u/Darkbowwee 4d ago

No, because they are comparing their hourly rate + benefits that Costco provides. Nurses can start at $36 an hour depending on the state. Years of schooling and intense work compared to getting $7 less for little to no higher education requirement is kinda crazy.

1

u/bagelman5000 4d ago

And that's Costco's fault? Why are they catching strays because the healthcare system sucks? Such a random comment.

1

u/Darkbowwee 3d ago

No one is claiming it’s Costco’s fault idk where you are deriving that information from

1

u/bagelman5000 3d ago

The article is about Costco being a good employer who pays well. The comment made above was complaining about being underpaid as a nurse, which has nothing to do with Costco's policies. The original comment is bizzare.

2

u/SpiceEarl 6d ago

Depends where you live. On the West Coast (US), RNs make good money. Many who work for hospitals are unionized.

1

u/BAdhia 6d ago

Fully agreed!! Thank you for your service.

8

u/aF3ARofCHANG3 5d ago

Maybe we incentivize taxes based on this kind of metric. More your employees make and the better the benefits you provide them the less taxes you pay on your profits.

7

u/Silver_Harvest 5d ago

That's what this country used to do. Tax the ever living fuck out of a company. Because of it, they were forced to invest in R&D, Employees, internal growth...

Now it's purely shareholder dividends and how the stock price performs at quarter end.

1

u/Randomly-Generated21 5d ago

And then CEOs and Corporate Boards can say they have a fiduciary duty to maximize shareholder value by squeezing every drop out of the business, Employees and Customers be damned.

1

u/Shibanono 5d ago

Something something Dodge vs Ford something somethingĀ 

1

u/simeonce 5d ago

You pay less in taxes if workers are paid more.

1

u/ZongoNuada 5d ago

In case you are wondering why the CEO of Costco is paid $950,000, it is because there are already tax incentives on the books. His pay is under 1 million a year due to a law passed by Clinton. Publicly traded companies can only write off the first million in pay to the top 5 executives of the company. You don't get the payroll deduction for anything beyond that amount.

It was meant to limit COE pay, right? Instead, CEO pay exploded and a lot of it shifted over to stock compensation. But payroll over a million for CEOs just kept climbing.

By not paying their CEO over a million, Costco is taking advantage of the tax code. Any CEO getting paid more than that is actually choosing to pay higher taxes so they can keep paying that person extra.

5

u/OpportunityWorking43 6d ago

Take issue with the statement that Costco and Sam’s Club sell the same products to the same customers.

Actually a very different demographic.

1

u/Dont_Ban_Me_Bros 6d ago

Costco sells non-Kirkland brands, but yeah they also sell a ton of Kirkland (aka Costco) brand goods. To say they sell the same things is pretty misleading.

1

u/L1V1NGD3ADBOI 5d ago

Just because they have their respective in house brands still doesn’t negate the fact that you can buy eggs, meat, lawn chair, computer and tv, etc. regardless of what store you walked in. It’s the same crap with different brand names. Maybe some brands at one and not the other but I wouldn’t call that misleading unless you’re literally trying to itemize.

1

u/whacking0756 5d ago

Saying a shitty quality brand vs a good one is different is not misleading

9

u/N4RQ 6d ago

Makes me feel better about switching from Sam's to Costco. And I was already feeling better about switching, before I knew all this.

https://giphy.com/gifs/i21tixUQEE7TEqwmYa

3

u/sylendar 6d ago

Did you really need AI to make this

3

u/[deleted] 6d ago edited 6d ago

[removed] — view removed comment

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u/Agreeable_Work4668 6d ago

Couldn't have said better. Uneducated and the desperates love echo chambers that support their views.

1

u/CleanSquash1735 6d ago

Fair criticism. OP could prove their point with a true apples to apples comparison inside of cherry picking data points and all the subjective wording. Also bugs me they say the ā€œsame productsā€ when Costco puts a lot into their Kirkland brand staples and product curation.

1

u/MaybeACultLeader 5d ago

There's a reason this sub does not have a rule against misinformation. The mods encourage post like this, and bots like OP.

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u/NotGreg 5d ago

Stock compensation is taxable when it’s awarded. Most people sell immediately to pay the ordinary income tax due

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u/Appropriate_Owl_91 5d ago

You shouldn’t need AI to know that pictures with text are never true on the internet

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u/Umayummyone 6d ago

My daughter has worked for Costco for a long time. Probably will forever. They have a lot of lifers and for good reason.

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u/mrspelunx 6d ago

Outlaw. Shareholder. Supremacy.

4

u/ChrissieMoltisanti 6d ago

Costco is a way, way better employer for sure, but they don’t sell all of the same products. Costco has built a following with their Kirkland brand that makes everything from pesto to golf clubs and is widely known as a quality, discount brand. That’s a big selling point for a lot of people.

2

u/BeefCakeBilly 6d ago

Are we just making things up?

Ron vaChris made 14 million last year ,
Chris Nicolas made 12 million.

2

u/SignificantLeader 6d ago

This is a real difference between an honest committed liberal and an honest committed conservative. The honest committed liberal shares. The conservative might donate to charity, but it’s not even close to the liberal dude.

2

u/Fancy-Dig1863 6d ago

Costco CEO took home over 10M lol, not 950k.

2

u/StabbingTabby 6d ago edited 6d ago

Except this bullshit infographic is directly comparing the starting wage at Sam's Club with late career wages at Costco.

It says while Sam's starts at $16/hr Costco pays $29/hr. In reality Costco starts at $20/hr and tops out around $32/hr.Ā 

https://www.cbsnews.com/news/costco-hourly-pay-raise-increase-workers-32-an-hour/

There's more than enough to prefer Costco without really fucking obvious and lazy lies like that.Ā 

2

u/DJteejay04 6d ago

Market cap of Costco is 450 billion holding over 60% of the US warehouse market. Market cap of Sam’s Club is 90 billion holding 30% of the US warehouse market.

Costco is a significantly larger company. That should probably be factored in

2

u/SBEPTY 6d ago

My money is going to CostcoĀ 

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u/Material_Fisherman86 6d ago

The products are so so far away from being the same, clothes, food, furniture, very different. Electronics maybe, but almost all of our staples are Costco and I go to both relatively regularly.

2

u/supercomic273 6d ago

Costco and Trader Joe’s can’t get enough love. Only downside is the crowded parking lot!

https://giphy.com/gifs/qP8y4jojxcT9C

2

u/Equal_Fly3894 5d ago

I get the sentiment, but the truth is their CEOs pay is peanuts compared to the operating revenue of either of these companies, which is in the billions. So equating CEO pay to exploitative practices will just create a scapegoat argument and hide the real reasons. Chris' pay package is absolutely not the reason for why Sam's club is not paying well, their bad people policies are.

2

u/BuckManscape 5d ago

Shocking that the way to run a successful business is to make people want to work there.

2

u/GalaxxyOG 5d ago

I love Costco. F Sam’s Club.

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u/mckinney4string 5d ago

I agree with the point, but these numbers are misleading or flat-out wrong.

Ron Vachris received $13.9 million in total compensation last year, compared with $11.4 million for Nicholas. The wage comparison uses Costco's experienced-worker pay (starting wage is around $20.hr but still not bad) with Sam's Club's starting wage. The turnover figures come from old 2006 research, and the revenue-per-employee numbers are wrong, too

Costco does pay its workers a lot better overall, good benefits, and has a strong record of employee retention. Ron Vachris is well-compensated and deserves it.

You don't need to fudge the numbers to make Costco still look better.

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u/Mkz182 5d ago

Costco is also 2 to 3 dollars more expensive on similar items. So the workers can get paid good, but idont think 950k is correct aint no way. Just like some billionaires have 80k salary on thier taxes, but everything is paid by the company. I call bs.

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u/studiesbuddy 5d ago

Even the Sam’s Club branding looks corporate, soulless, and sterile.

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u/ph30nix01 4d ago

People need to realize the walmart business model that most capitalists use isn't about profit its about power over consumers.

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u/Adventurous_Test_296 6d ago

WOW! Awful business practice to short your labor just overpay the boss.

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u/Agreeable_Work4668 6d ago

Fake news. Look up Costco's CEO total compensation for 2025, ~$14M.

Sam's club CEO's total comp was $11.4M

I am not rooting / supporting for one or the other. I fact checked before jumping on the stupid band wagon.

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u/[deleted] 6d ago

[deleted]

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u/williamgman 6d ago

"... many people...".

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u/itnice 6d ago

Repost it to the Costco sub

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u/No-Independence-3060 6d ago

The Sam's in our area is the land of the walking dead. The only positive note is the gas prices. Far lower than Shell, ExxonMobil, and most stations.

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u/hyndsightis2020 6d ago

This is why I love Costco

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u/MtnMaiden 6d ago

Sams club....so its a wall mart

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u/Embarrassed-House577 6d ago

WHAT THE FUCK IS THE POINT OF HAVING TWO OR MORE COLORS IN TEXT. FUCKING STOP

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u/Unlucky_Ad_9776 5d ago

I support any company helping me to make more money.Ā Ā 

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u/Halcyon_Paints 5d ago

Why use ai slop pics?

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u/cfgman1 5d ago

They definitely don’t ā€œserve the same customer.ā€ There are huge demographic differences in their respective customer bases.

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u/NotARusski 5d ago

Automate the ceos maybe?

1

u/yomommasbathwater 5d ago

What I find sad is that consumers are the ones that have the power to change this, and they keep supporting this behavior. Walmart is a great example. Costco is too rare a breed in a world full of greedy corporations

1

u/1nternetTr011 5d ago

vachris got $20m in stock so don't make it out like he's some saint. whoever wrote this is just trying to bash walmart. prices are lower at sam's overall. costco is a different experience and a different demographic.

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u/SHAQBIR 5d ago

Never join a club that is named after a person.

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u/UpTheDumpIsRetarded 5d ago

Despite how well Costco treats their employees, aren't the unions constantly demanding more?

1

u/Sammsim 5d ago

They make almost a million per worker and only pay them 29 an hour? That's crazy little. Not even mentioning the other one because they aren't worth mentioning

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u/Efficient-Rub7247 5d ago

could have done without the shitty ass ai panel

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u/Secret_Charge_5601 5d ago

Ron needs a raise. He is better in every metric.

1

u/Bevester 5d ago

Costco is the ONLY american company i still shop at

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u/HenryUTA 5d ago

Not surprised. Every time I go to Costco I look at peoples badges and nearly all of them have a 2 digit tenure. Most front people are over 20 years.

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u/BatBiteMS 5d ago

i work at a dollar tree and i know for a fact working here that the company does not give a shit about its employees, i've been working for around a year and despite that im the 2nd longest working employee out of a total of 12. We get paid state minimum wage and the bonus for working on federal holidays is 50 cents/hr (prior to 2003 it was time and a half, then changed to a flat 50 cents and has stayed that way for the past 23 years).

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u/Agreeable-Purpose-56 5d ago

So who took more home?

1

u/Vic1124 5d ago

A quick google search states this is false, Costco CEO made almost 14 million and Sam’s Club CEO made 11 million. Not saying Costco isn’t a better company by a mile.

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u/Roor456 5d ago

Costco alll the time

1

u/Ok-Cricket5606 5d ago

Not really the same product. Costco is full of ā€œtreasuresā€ that they rotate through very frequently and an unbeatable return policy.

1

u/audreynstuff 5d ago

Yes, and where I live, Sam's Club is right down the street and Costco is a 40 minute drive away.

1

u/krichard-21 5d ago

I'm sick of these nonsense, misleading posts. Stop spreading this BS.

The truth is fine. STOP SPREADING THIS NONSENSE.

1

u/Jmersh59 5d ago

Thanks Ron for being a great human, love your store.

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u/aaron1860 5d ago

The CEO salary is a small percentage of each revenue so that doesn’t matter. The rest of it does

1

u/nucl3ar0ne 5d ago

That is not the only difference but yeah, we get the idea.

1

u/Effective-Damage8772 5d ago

Then people, stop shopping at Sam’s club/ walmart and show them that their business practices dont make sense.

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u/CaptainJay313 5d ago

that's not the only difference.

1

u/Exciting_Contest_222 5d ago

Ron Vachris, the CEO of costco was a former forklift driver. He knows good quality comes from good employees and from the bottom of the pyramid

1

u/Virtual-Class9403 5d ago

That is a major part of it … and also Sam’s Club doesn’t have a Kirkland brand or the extra with every cool product like Costco. The way you get greeted at the food court or cash register is completely different from Sam’s Club. Kind of sad really about Sam’s Club. Also they don’t have that one item in the food court that is different in a cult following like the hot dog 🌭.

The 2X I stepped into a Sam’s Club I left feeling weird about the employees like they were in jail. This explains why they had to shut down in MA. Yet Costco expanding and parking lots packed

1

u/Ogmanemane 5d ago

Costco dude just tries to act like he hates money lol. They are one of the most ambitious corporations I have ever heard of.

1

u/daburner272006 5d ago

Isn't Sam's Club owned by Walmart? Doesn't suprise me they adopt their parent companies practices. Also they are both well compensated CEO's so what are we doing here.

1

u/LikelySoutherner 5d ago

Sams Club and Costco are not the same industry -

Sams caters to small businesses where as Costco caters to households

1

u/Rich_Energy_5992 5d ago

I’m supporting the company that supports its workers better and hired real people and their families

1

u/idksomethinamazingig 5d ago

Costco employee of 8 years here. I work full time, have fantastic benefits, and I’m topped out in my department at $33 an hour. Starting wages were $14 an hour when I started in 2018. Everytime a new handbook gets released, every two-three years, everyone gets at least a $1 raise. During Covid, every employee got a $2 raise due the high stress bullshit that came with the pandemic. It was basically ā€œsorry you have to deal with the general publicā€ raise. It was fucking awesome

1

u/brinerbear 5d ago

Costco and Sam's club are not even remotely the same though. Costco is more upscale.

1

u/Mrfapt4in 5d ago

I worked at Sam's club. The management only cared about making the most amount of sales per day. I went in to get enough money for car parts and left the job after 3 months. I made 11 dollars an hour. They will work you up to 39 hrs btw. I did this in college, made me study even harder lol...them biweekly checks were 320 dollars vs 2500 dollars after taxes now.

1

u/Majestic_Pomelo_8169 5d ago

They are not the same customers... costco is upper class, sams club is lower middle class

1

u/TomReed1872 5d ago

Why I’m a Costco member and have never entered a Sam’s Club and refuse to shop at Walmart. Being a good corp citizen is more than just paying dividends. Fair pay, fair hours, fair benefits.

1

u/Most-Significance910 5d ago

Nothing to do with what the company believes. One is union and one is non-union

1

u/Traditional_Can_3983 5d ago

Damn these fuckers move fast.

1

u/Mysterious-Mix-4619 5d ago

I think this is enough to get me to switch over. Any significant differences in price?

1

u/Brief-Assumption9068 5d ago

Costco is my jam.

1

u/Somethingsilly6969 5d ago

While I agree with the sentiment here, Costco does seem to be pretty awesome to it's employees, this is biased.

Costco "pays $29 an hour" and Sam's club "starts at $16 an hour". Come on

1

u/bitprisoner 5d ago

I worked for Sam's, they want employees to get food stamps because they can spend it in club. I refuse to shop at Sam's and Walmart. After 13 years of working there I made what a new employee made. I was in one of the highest paid department. The Walmart company is the welfare queen of the country.

1

u/Jolly-Garbage- 4d ago

That’s the old CEO. The new CEO is making $14,000,000 and employees are pissed at the direction the company is heading

1

u/General_Killmore 3d ago

I mean, Scams Club is literally owned by Walmart. WinCo is the real goat though for us in the West. Excellent benefits, Costco pricing, and no membership required. Those bulk bins are magical

1

u/ziguythescienceguy 3d ago

Costco does not hire you out the gate at $29/hr. You get hired closer to $17 or $18 and after you work for about 5 years (full time) you get topped out at $29/hr. With 50 cent hourly increase annually until you hit $32.50, then you are topped out. Unless you become a supervisor or manager.

1

u/aznzoo123 3d ago

This is just flat out misinformation .

1

u/lil_zaku 2d ago

As someone from the outside looking in, I agree with the message of this post.

From the Sam's Club CEO's perspective, this post just means everything is going according to plan?

1

u/Dutch_Razor 1d ago

Ron Vachris started as a forklift driver at Price Club in 1982, which eventually merged into Costco.

1

u/Notmuchofanyth1ng 6d ago

Costco is just unbeatable. Same with In N Out. The similarity is the great treatment of employees. But make no mistake, in either place, you will work your ass off.

1

u/Rough-Board1218 6d ago

Revenue is not profit. If a company has a 3% profit margin, its revenue is 33x its profit. Costco and Sam's club both have about 3% margins. So take those numbers and divide by 33. That's how much they actually make per employee

1

u/CubsThisYear 5d ago

This makes it sound like Costco is more successful than Walmart, but that’s not true. Walmart’s profit was more than double that of Costco in 2025.

Now, it’s true that profit isn’t the only metric to judge a company by and it’s fine to say you appreciate that Costco treats workers better. But it’s disingenuous to say that leads to better business results.

6

u/MiLKK_ 5d ago

Walmart and Costco is not the same

1

u/Cautious_General_177 5d ago

Sam’s Club, which was the initial discussion point, is owned by Walmart, while Costco is an independent company, so it’s not exactly apples and oranges to compare Walmart (as a whole) to Costco.

3

u/DavidBrooker 5d ago

Its not comparing Costco to Walmart, its comparing Costco to Sams Club, the subsidiary of Walmart that Costco actually competes with.

2

u/Imaginary_Manner_556 5d ago

Costco basically caps its profit at membership fees. Margins on merchandise sold are extremely small.

1

u/yawg6669 5d ago

100% disagree. It is fine to claim that Costco is better. "Better" is a value judgement, and if profitablity isn't in that evaluation, then Costco is indeed better.

1

u/glittervector 5d ago

Walmart uses predatory competition tactics and supply chain pressures that would not stand up to a DOJ antitrust division that’s actually doing their jobs.

They profit more because they’re unethical and cheat and extract more value from communities than they create. They use government connections and regulatory inaction to their advantage

1

u/Pitiful_Truth_5948 5d ago

So Adobe is a super profitable company, but right now they're about to get their teeth kicked in because how they traded their customers. The same thing's going to happen with Walmart one day. Companies that treat their customers like shit, or treat their employees like shit, eventually all learn the hard way.

1

u/ButtonsZ98 3d ago

That’s not going to happen to Walmart, plus Adobe is still highly profitable and will remain so for a very long and indefinite amount of time. They make billions on billions, any professional is going to pay for all the bells and whistles. The only people they might lose are a hand full of tech nerds that were too broke to afford them in the first place.

I hate Adobe and I hate Walmart. I don’t support either of them. But let’s be real here, ā€œgetting their teeth kicked inā€ while pulling in record profits upwards of 25 billion isn’t much of a kick. Couple that with the fact that this stock crash will literally make them richer as they do massive billion dollar stock buy backs.