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(Daily Finance)   Five American companies doing it right. List fails without Costco...oh, wait, there it is   (dailyfinance.com) divider line 58
    More: Cool, Motley Fool, Berkshire Hathaway, general public  
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7400 clicks; posted to Business » on 29 Apr 2012 at 1:17 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-29 12:46:42 PM
You know, I might start shopping at Costco now after reading that article.
 
2012-04-29 01:22:30 PM
List fails without WinCo Foods

/keep shopping there, I need to keep my job
 
2012-04-29 01:34:18 PM
Just watched a special about Costco on CNBC last night. Very positive.
 
2012-04-29 01:34:48 PM
Yeah, I totally agree that a finance company that produces nothing and is "transparent" is one of America's best companies.
 
2012-04-29 01:44:02 PM
List fails without Koch Industries.
 
2012-04-29 02:08:54 PM

Talondel: List fails without Koch Industries.


Don't forget Halliburton and Monsanto. Nice guys.
 
2012-04-29 02:10:47 PM
Wegmans says hi (renowned for giving "ownership" of departments to workers and staying out of the way)

And I'm a big Costco fan but if any Costco clock-punchers are out there -- why -- based on my observations and interactions in 6 or 7 stores in 3 different cities -- are you guys so miserable?

I can absolutely count on overhearing gripes from employees about shifts, managers, other employees, other customers etc. every visit.
 
2012-04-29 02:16:31 PM
My BIL is working at Costco, and is fairly new. He is not FT, and is working his way into at FT position by working crappy shifts, closing, cleaning and other less than fun things. He knows what the future holds if he keeps his head down, works hard, and stays on course.

Remember when people had to work for things, and not get them handed to them?
 
2012-04-29 02:21:51 PM
Berkshire, really?

The company that refuses to pay its taxes and lobbied to torpedo a multi-billion dollar pipeline because they'd make money on it failing.
 
2012-04-29 02:25:18 PM

Mrbogey: and lobbied to torpedo a multi-billion dollar pipeline because they'd make money on it failing.


To be fair, it also did keep gas prices from the Midwest from going up.

Because only a moron would think the final destination for that oil in the new pipeline is the United States.
 
2012-04-29 02:43:18 PM

Mrtraveler01: Mrbogey: and lobbied to torpedo a multi-billion dollar pipeline because they'd make money on it failing.

To be fair, it also did keep gas prices from the Midwest from going up.

Because only a moron would think the final destination for that oil in the new pipeline is the United States.


Gas prices are going to go up still for them and everyone else. China will still get the oil Berkshire Hathaway will just get a cut of it now.
 
2012-04-29 03:03:20 PM
You know why Costco tops the list, right?

It's because they love you.
 
2012-04-29 03:39:24 PM

the_freelance: Wegmans says hi (renowned for giving "ownership" of departments to workers and staying out of the way)

And I'm a big Costco fan but if any Costco clock-punchers are out there -- why -- based on my observations and interactions in 6 or 7 stores in 3 different cities -- are you guys so miserable?

I can absolutely count on overhearing gripes from employees about shifts, managers, other employees, other customers etc. every visit.


It's been about ten years since I was there but the lowest rung employees got ridden hard and different managers from different sections would give differing orders and not communicate with the others. Doing one job meant getting reamed out for not doing two others a lot of the time. Not to mention the for some reason zealous insistence on speed, you didn't walk places. You speed walked or jogged.
 
2012-04-29 04:20:50 PM
I'm not even sure what Berkshire does, let alone feel good about it.

/yes, I know they invest
 
2012-04-29 04:22:48 PM
And whole foods has driven the term organic to become "organic" or organic*

*some ingredients may not be organic.
 
2012-04-29 04:28:31 PM
As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!
 
2012-04-29 04:57:28 PM

stuhayes2010: I'm not even sure what Berkshire does, let alone feel good about it.

/yes, I know they invest


They make money.
 
2012-04-29 05:04:24 PM

SharkTrager: stuhayes2010: I'm not even sure what Berkshire does, let alone feel good about it.

/yes, I know they invest

They make money.


They own quite a few companies, some you may have heard of.

Geico, Dairy Queen, Fruit of the Loom. NetJets, The Pampered Chef, Benjamin Moore, BNSF Railway
 
2012-04-29 05:13:59 PM

Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!


You know if Canadians actually did their retail shopping and large purchases in Canada maybe Zellers would have been in a better financial situation.
 
2012-04-29 05:37:58 PM
Remember when people had to work for things, and not get them handed to them?

Remember when working hard meant that the company would value and promote you rather than use you till you burned out and then throw you away?
 
2012-04-29 05:39:52 PM
Whether organic food is better for the environment is far from unquestionable. It takes far more fields to grow the same amount of food no matter how much the ignorant 'organic is better in all ways' people lie to you.

More area to harvest means more energy is consumed. Nonsustainable energy is the biggest danger to the environment. I know, lots of inputs in standard industrial agriculture involve lots of energy, namely fertilizer.

But unquestionable is way too strong of a word.
 
2012-04-29 05:45:32 PM

insertsnarkyusername: Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!

You know if Canadians actually did their retail shopping and large purchases in Canada maybe Zellers would have been in a better financial situation.


Maybe if Canadian retailers actually attempted to be competitive (the loonie is at par or better with the American greenback after all) and not gouge Canadian customer 10-50% extra on similar products in American stores, then I'd be more inclined to shop there.

/also, the taxes
//proud cross border shopper
 
2012-04-29 06:14:27 PM

Martonio: insertsnarkyusername: Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!

You know if Canadians actually did their retail shopping and large purchases in Canada maybe Zellers would have been in a better financial situation.

Maybe if Canadian retailers actually attempted to be competitive (the loonie is at par or better with the American greenback after all) and not gouge Canadian customer 10-50% extra on similar products in American stores, then I'd be more inclined to shop there.

/also, the taxes
//proud cross border shopper


Don't get me wrong, I'm not against it. It is one of the few situations where money actually flows into my country and Canadians help keep a lot of businesses in my town alive. But I see this as analogous to Americans complaining about losing jobs and than buying made in china products because it is 20 percent cheaper.
 
2012-04-29 06:36:05 PM

NotARocketScientist: Remember when people had to work for things, and not get them handed to them?

Remember when working hard meant that the company would value and promote you rather than use you till you burned out and then throw you away?


No, but I'm only 60.
 
2012-04-29 06:57:22 PM

Martonio: insertsnarkyusername: Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!

You know if Canadians actually did their retail shopping and large purchases in Canada maybe Zellers would have been in a better financial situation.

Maybe if Canadian retailers actually attempted to be competitive (the loonie is at par or better with the American greenback after all) and not gouge Canadian customer 10-50% extra on similar products in American stores, then I'd be more inclined to shop there.

/also, the taxes
//proud cross border shopper


The first thing that came to mind at the mention of cross-border shopping:
Link

/O Canada!
 
2012-04-29 08:07:00 PM
Costco is great.
 
2012-04-29 08:13:28 PM

dustman81: They own quite a few companies, some you may have heard of.

Geico,



You can stop right there.

Geico is one of the most underhanded and generally wicked companies I have ever dealt with.

Any company that (after 6 months) sends auto insurance customers "Driving Surveys" in the guise of a new car company trying to get a feel for the market, and then using the survey answers to jack up insurance rates (Or, cancel your policy WITHOUT NOTICE if you checked the box that asked if you owned a radar detector) needs to die.
 
2012-04-29 08:35:51 PM

Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!


As a Canadian, you're a farking moron. Zellers did not get bought out. They are getting wound down. Some of Zeller's stores (the land) gold sold to TARGET, you farkwit duncecap.
 
2012-04-29 10:17:41 PM
2 of them are headquartered in the Seattle area. Coincidence?
 
2012-04-29 10:18:49 PM

Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!


Didn't Zellers sell their leases to Target? And if you're Canadian why is your location Cincinatti?
 
2012-04-29 10:34:33 PM
This won't show up for me. Anyone care to post the list?
 
2012-04-29 10:40:39 PM

change1211: Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!

Didn't Zellers sell their leases to Target? And if you're Canadian why is your location Cincinatti?


Also HBC and Zellers hasn't been Canadian owned since 2008 when they were sold to the U.S. company that owns Lord & Taylor.
 
2012-04-29 10:52:05 PM

cave man: change1211: Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!

Didn't Zellers sell their leases to Target? And if you're Canadian why is your location Cincinatti?

Also HBC and Zellers hasn't been Canadian owned since 2008 when they were sold to the U.S. company that owns Lord & Taylor.


That too. I'm pretty sure that guy was just a moron.
 
2012-04-29 11:25:29 PM

natazha: NotARocketScientist: Remember when people had to work for things, and not get them handed to them?

Remember when working hard meant that the company would value and promote you rather than use you till you burned out and then throw you away?

No, but I'm only 60.


Heh, my dad would laugh. He busted his ass everyday of his life and all it ever got him was more work and being forced into early retirement. (He's 73)

I learned from his mistakes and spend my time at work farking ;)
 
2012-04-29 11:53:39 PM

dustman81: SharkTrager: stuhayes2010: I'm not even sure what Berkshire does, let alone feel good about it.

/yes, I know they invest

They make money.

They own quite a few companies, some you may have heard of.

Geico, Dairy Queen, Fruit of the Loom. NetJets, The Pampered Chef, Benjamin Moore, BNSF Railway


They own them the same way Bain Capital owns their companies, though...
 
2012-04-30 12:00:50 AM

Shadow Blasko: dustman81: They own quite a few companies, some you may have heard of.

Geico,


You can stop right there.

Geico is one of the most underhanded and generally wicked companies I have ever dealt with.

Any company that (after 6 months) sends auto insurance customers "Driving Surveys" in the guise of a new car company trying to get a feel for the market, and then using the survey answers to jack up insurance rates (Or, cancel your policy WITHOUT NOTICE if you checked the box that asked if you owned a radar detector) needs to die.


Do they really do this? I'm not a Geico customer but I am interested. I googled "geico driving survey" and "geico survey scam" and nothing popped up. Any link to a story about this? That's pretty damn shady.
 
2012-04-30 12:22:02 AM

JonZoidberg: Shadow Blasko: dustman81: They own quite a few companies, some you may have heard of.

Geico,


You can stop right there.

Geico is one of the most underhanded and generally wicked companies I have ever dealt with.

Any company that (after 6 months) sends auto insurance customers "Driving Surveys" in the guise of a new car company trying to get a feel for the market, and then using the survey answers to jack up insurance rates (Or, cancel your policy WITHOUT NOTICE if you checked the box that asked if you owned a radar detector) needs to die.

Do they really do this? I'm not a Geico customer but I am interested. I googled "geico driving survey" and "geico survey scam" and nothing popped up. Any link to a story about this? That's pretty damn shady.


Believe it or not, Car & Driver broke the story WAY back in 1992.

I have the hardcopy here, but I don't think their online archives go back that far.

But, you can start here...

It would seem that they are still up to it.
 
2012-04-30 12:37:31 AM

Smeggy Smurf: List fails without WinCo Foods

/keep shopping there, I need to keep my job


As one of Fark's long-haired-hippy-type-pinko-commie-socialists, I'm doing my part. Was at my nearby WinCo Foods store at 7:30 this morning to stock up for the week. Why yes, I AM a vegan who shops in your bulk section. AND in the beer cooler...does that make me more socially acceptable? ;^)
 
2012-04-30 01:05:08 AM
What bothers me is that most of these companies actually produce anything. Except for Nucor which is a steel company, the other companies are either service (Costco, Whole Foods and Starbucks) or Investment. Think about that. Of the five best companies in the US, 4 of them don't actually make anything. And Nucor? I've never heard of them.

What really bothers me is that there isn't any tech companies on that list.
 
2012-04-30 01:06:31 AM

StoneColdAtheist: Smeggy Smurf: List fails without WinCo Foods

/keep shopping there, I need to keep my job

As one of Fark's long-haired-hippy-type-pinko-commie-socialists, I'm doing my part. Was at my nearby WinCo Foods store at 7:30 this morning to stock up for the week. Why yes, I AM a vegan who shops in your bulk section. AND in the beer cooler...does that make me more socially acceptable? ;^)


Veganism should be shamed like homosexuality was 50 years ago.
 
2012-04-30 02:34:42 AM
I have a story about a costco worker ... I was at a bar close to a Costco ... it was around midnight ... I recognized this lady ... she was wasted ... we started talking and she says ... "I want you to FARK me in the @$$" ... i quickly tried to get her into the womens restroom ... but then we were kicked out of the club ... she started puking out in the parking lot and that was my cue to get the fark out of there ...
She has now been dubbed "@$$ Gurl" by myself and my buddies ... who also go to Costco ...

/true story
 
2012-04-30 05:05:32 AM

Smeggy Smurf: List fails without WinCo Foods

/keep shopping there, I need to keep my job


Absolutely, we were there today. I think THIS is especially important...so the company can do well enough so they can have you design the re-build for the local.
 
2012-04-30 08:20:15 AM

bruce4bruce: I have a story about a costco worker ... I was at a bar close to a Costco ... it was around midnight ... I recognized this lady ... she was wasted ... we started talking and she says ... "I want you to FARK me in the @$$" ... i quickly tried to get her into the womens restroom ... but then we were kicked out of the club ... she started puking out in the parking lot and that was my cue to get the fark out of there ...
She has now been dubbed "@$$ Gurl" by myself and my buddies ... who also go to Costco ...

/true story


I see you buy ellipses in bulk at Costco.

/Periods
//How do they work?
 
2012-04-30 09:20:08 AM

Martonio: insertsnarkyusername: Bennie Crabtree: As a Canadian, fark Costco. Costco and Walmart just bought out Zellers, which means we no longer have Canadian-owned retail department stores.

But to the USA, well played. I am more and more a colonial subject of yours every day. I beg your pardon, my imperial highnesses, for my insubordinate outburst! I look forward to seeing the profits you make from my money going to your country and not my own. All hail Uncle Sam!

You know if Canadians actually did their retail shopping and large purchases in Canada maybe Zellers would have been in a better financial situation.

Maybe if Canadian retailers actually attempted to be competitive (the loonie is at par or better with the American greenback after all) and not gouge Canadian customer 10-50% extra on similar products in American stores, then I'd be more inclined to shop there.

/also, the taxes
//proud cross border shopper


Those taxes would be lower if not for socialism and socialized medicine in Canada. Don't worry, some black guy in the USA is trying to make America just as bad a place to live.
 
2012-04-30 09:27:41 AM

Dangl1ng: What bothers me is that most of these companies actually produce anything. Except for Nucor which is a steel company, the other companies are either service (Costco, Whole Foods and Starbucks) or Investment. Think about that. Of the five best companies in the US, 4 of them don't actually make anything. And Nucor? I've never heard of them.

What really bothers me is that there isn't any tech companies on that list.


You have to understand that these aren't actually the five best companies. They are the five most liberal companies in America. They probably had Solandrya on there last year.

Starbucks is in serious trouble. They've closed hundreds of stores because they overdeveloped. They are looking into new products (food and beer) because they are having such trouble getting and keeping customers. Other chains (like Panera Bread) are stealing their market by having a better "hang out" location with a wider product selection.
 
2012-04-30 10:16:41 AM

StoneColdAtheist: Smeggy Smurf: List fails without WinCo Foods

/keep shopping there, I need to keep my job

As one of Fark's long-haired-hippy-type-pinko-commie-socialists, I'm doing my part. Was at my nearby WinCo Foods store at 7:30 this morning to stock up for the week. Why yes, I AM a vegan who shops in your bulk section. AND in the beer cooler...does that make me more socially acceptable? ;^)


No but there's hope for you yet. Try the bacon.
 
2012-04-30 12:26:54 PM

Shadow Blasko: JonZoidberg: Shadow Blasko: dustman81: They own quite a few companies, some you may have heard of.

Geico,


You can stop right there.

Geico is one of the most underhanded and generally wicked companies I have ever dealt with.

Any company that (after 6 months) sends auto insurance customers "Driving Surveys" in the guise of a new car company trying to get a feel for the market, and then using the survey answers to jack up insurance rates (Or, cancel your policy WITHOUT NOTICE if you checked the box that asked if you owned a radar detector) needs to die.

Do they really do this? I'm not a Geico customer but I am interested. I googled "geico driving survey" and "geico survey scam" and nothing popped up. Any link to a story about this? That's pretty damn shady.

Believe it or not, Car & Driver broke the story WAY back in 1992.

I have the hardcopy here, but I don't think their online archives go back that far.

But, you can start here...

It would seem that they are still up to it.


Are they still doing this, or did it stop before Bill Clinton took office? If you are biatching about something they did 20 years ago, then way to hold a grudge. Also note that Berkshire Hathaway bought it in 1996.
 
2012-04-30 12:35:51 PM

Geotpf: Shadow Blasko: JonZoidberg: Shadow Blasko: dustman81: They own quite a few companies, some you may have heard of.

Geico,


You can stop right there.

Geico is one of the most underhanded and generally wicked companies I have ever dealt with.

Any company that (after 6 months) sends auto insurance customers "Driving Surveys" in the guise of a new car company trying to get a feel for the market, and then using the survey answers to jack up insurance rates (Or, cancel your policy WITHOUT NOTICE if you checked the box that asked if you owned a radar detector) needs to die.

Do they really do this? I'm not a Geico customer but I am interested. I googled "geico driving survey" and "geico survey scam" and nothing popped up. Any link to a story about this? That's pretty damn shady.

Believe it or not, Car & Driver broke the story WAY back in 1992.

I have the hardcopy here, but I don't think their online archives go back that far.

But, you can start here...

It would seem that they are still up to it.

Are they still doing this, or did it stop before Bill Clinton took office? If you are biatching about something they did 20 years ago, then way to hold a grudge. Also note that Berkshire Hathaway bought it in 1996.


Did you look at the link I posted, or did you just feel like complaining about my reasons?
 
2012-04-30 01:23:17 PM

Shadow Blasko: Did you look at the link I posted, or did you just feel like complaining about my reasons?


The google search link that talked about these things happening 20 years ago?
 
2012-04-30 01:35:01 PM

MightyPez: Shadow Blasko: Did you look at the link I posted, or did you just feel like complaining about my reasons?

The google search link that talked about these things happening 20 years ago?


It shows that they are STILL happening.

I don't know if they are still doing the 3rd party marketing thing, but from what I read last night.. it seems that they are
 
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