Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Editorials & Other Articles
In reply to the discussion: Walmart's 'Worst Nightmare' Competition Has Cashiers And Produce Clerks With $1 Million Pensions [View all]shawn703
(2,702 posts)24. Not all employees have stakes in employee-owned companies
The employees that own it are more likely the executives and higher level managers that can afford to buy stake in the companies. The people at the bottom of the payscale may opt out because they can't afford the payroll deduction. Not saying that's how Winco does things though - perhaps all employees there are "given" a stake in the company, but I wouldn't bet on it.
Edit history
Please sign in to view edit histories.
43 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Walmart's 'Worst Nightmare' Competition Has Cashiers And Produce Clerks With $1 Million Pensions [View all]
marble falls
Aug 2013
OP
In case people miss it in the story, WinCo is an employee-owned company. n/t
PoliticAverse
Aug 2013
#1
Think about what "invest in success" means. It means that you gamble on their success.
rhett o rick
Aug 2013
#38
between this chain, and costco, the evil empire SHOULD be getting a clue, but I doubt it.
niyad
Aug 2013
#3
I suspect they won't notice until the profits start disappearing as a result of their decisions. n/t
PoliticAverse
Aug 2013
#4
perhaps not even then. they have so much money, would take a long time to filter through.
niyad
Aug 2013
#5
They certainly seem to have a sustainable business model, but they are a supermarket.
MADem
Aug 2013
#6
They're starting to build here in Texas and I will shop there. I swore off Wal-Mart years ago.
marble falls
Aug 2013
#9
It isn't only the cost of processing credit card transactions. Retailers are also paying for the
sueh
Aug 2013
#21
It's employee owned but it's run by a management team. Rank and file employees do not have the same
totodeinhere
Aug 2013
#25
My dad was a Teamster organizer and my granfather was a wobbly so I got to see unions from both ....
marble falls
Aug 2013
#39
So you would support a company with a union over a company that paid its workers more ? n/t
PoliticAverse
Aug 2013
#32
I do my best to only support union shops. And I find it amazing that at a supposedly progressive
totodeinhere
Aug 2013
#33
Apparently some here have lost sight of the purpose of a union - it's to help the employees.
PoliticAverse
Aug 2013
#34