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"The 3 best operating companies I'm aware of are Costco, Kiewit and Glenair
There is nothing remarkable about the product or field for any of these three
But there is something remarkable about the cultures of all three"
-Charlie Munger
There is nothing remarkable about the product or field for any of these three
But there is something remarkable about the cultures of all three"
-Charlie Munger
1/🧵 Costco's corporate culture stands out among large retailers, and its success is built on some key ingredients
Let's dive into the aspects that make Costco's culture remarkable 👇
Let's dive into the aspects that make Costco's culture remarkable 👇
2/💰 Employee Compensation & Benefits: Costco offers higher wages and better benefits compared to many other retailers
Health insurance, retirement plans, and paid time off lead to higher job satisfaction, lower employee turnover, and better performance #CostcoCulture
Health insurance, retirement plans, and paid time off lead to higher job satisfaction, lower employee turnover, and better performance #CostcoCulture
