Sunday, July 25, 2004
Another Reason to Hate Wal-Mart...
Rivalry between Wal-Mart, Costco also extends to national politics
There's not a Costco within 200 miles Iowa City. If there's one close to you, go reward good behavior by showing them some love.
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Executives at Wal-Mart Stores Inc. and Costco Wholesale Corp., competitors in the $76 billion US warehouse-club market, have taken their rivalry to a new level: national politics.The article goes on to show the differences between Wal-Mart's and Costco's wage and health insurance policies.
Wal-Mart, the world's largest retailer and owner of Sam's Club warehouse stores, gives more money to Republican candidates than any other company. Its top three managers, including chief executive H. Lee Scott, donated the individual maximum $2,000 to President George W. Bush, and Jay Allen, vice president for corporate affairs, raised at least $100,000 to reelect the president, earning him the Bush campaign's designation of ''Pioneer."
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Costco chief executive Jim Sinegal, 68, is a Democrat who says Bush's $1.7 trillion in tax cuts unfairly benefit the wealthy. He opposed the Iraq war and supports Democratic Senator John Kerry of Massachusetts for president. And he's the only chief executive of a company in the Standard & Poor's 500 index to donate money to independent political groups formed to oust Bush, Internal Revenue Service records show.
There's not a Costco within 200 miles Iowa City. If there's one close to you, go reward good behavior by showing them some love.
