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Originally posted by Malynn
I saw something like this in Madison, WI but it wasn't a WinCo I don't think. It was an employee-owned grocery store and it seemed pretty big, clean, and new looking. We didn't end up going in and checking it out because there were signs everywhere stating they don't take credit cards and that was the only form of payment we had on us. We were very intrigued by it though. I love this idea and I hope it catches fire and puts the feudal lords out of business.
Originally posted by TKDRL
It is the new walmart. Walmart started in a similar fashion. Then it grew into an out of control monster that it is today. Walmarts in canada are supposed to be good to work for, at least according to a cousin in NS. She gets a decent wage and stock options and supplimentary health and dental plan.
Originally posted by gladtobehere
reply to post by dominicus
The story is a bit misleading.
The boing boing article sources an article in TIME, which in turn sources an article from the Idaho Statesman.
I'm not seeing where they pay a "livable wage". Their retirement benefits seem ok but thats only if the employees have been with the company long enough:
Some of those employee owners have plump pensions. Especially those who got in on the ground floor. People who work at WinCo long enough will qualify for a pension that gives them a slice of WinCo's fortune. The company pours an amount equal to 20 percent of an employee's total yearly pay into a pension plan.
The store being "employee owned" is definitely misleading. Looks like the CEO and a few other wealthy "employees" negotiated a buyout:
Former CEO Bill Long joined the company in its early years... The chain as we know it today started in 1985. That's when Long and other employees negotiated a buyout, making it an employee-owned company.
And here they are complaining about GMO labeling:
Other possible legislative changes — labels having to say whether foods contain genetically modified products, for example — would add "an awful lot of costs" to WinCo's business, he says.
So are they "better" than Walmart, I guess so. Who knows?
edit on 13-8-2013 by gladtobehere because: (no reason given)
Originally posted by TKDRL
It is the new walmart. Walmart started in a similar fashion. Then it grew into an out of control monster that it is today. Walmarts in canada are supposed to be good to work for, at least according to a cousin in NS. She gets a decent wage and stock options and supplimentary health and dental plan.