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I was just out of college and working as an auditor at a very large and now very dead accounting firm. My first big job was Costco Wholesale which at the time was a small private company with 12 warehouses. This was 1985. We were working on their initial public offering.
Their President/CEO from that time Jim Sinegal just retired, the same CFO is there and so is the Chairman. They purposely put in a pay and reward system to promote employees staying long term and to promote from within. Craig Jelinek who succeeded Jim grew up through the company. Jim continuously showed up over the years in lists detailing CEO's who took the lowest amount of cash payment in lieu of his wealth growing as the company's value grew.
You may not be a fan of Costco but their leadership and the way they treat employees is stellar and very old school. Take a long term view, treat employees well, grow management from within the ranks, help out in the community, nothing fancy, $1.50 hot dogs......
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Jerry
1983 911 SC/Carrera Franken car, 1974 914 Bumblebee, 1970 914-4, 1999 323ti
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