Paternalistic Leadership OR Democratic Leadership: Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World. Craig Jelinek emphasizes the need to have people who can think for themselves: “We give our managers a lot of autonomy and teach them to run the business as if it is their own. This creates entrepreneurship, as well as responsibility so that when they move to the next level the learning curve is much less.” (Stone, 2013)
The company that's more than bucking the low-pay trend: Costco. Costco beat so many tech and high-paying companies in compensation satisfaction. “This list looked at overall employee satisfaction of the company's compensation and benefits packages, which includes factors beyond just salary like benefits …show more content…
W. Craig Jelinek is President, Chief Executive Officer, Director of Costco Wholesale Corporation. He has been a director and President of the Company since February 2010, and Chief Executive Officer since January 1, 2012. Mr. Jelinek previously was President and Chief Operating Officer from February 2010 until January 2012, and was Executive Vice President in charge of merchandising beginning in 2004. He spent the previous twenty years in various management positions in warehouse operations. Mr. Jelinek’s qualifications to serve on the Board include his extensive knowledge of the Company’s business developed over the course of his long career here, particularly in the areas of operations and merchandising. (Stone, 2013)
According to Craig Jelinek, the Company’s CEO and Director, “Costco is able to offer lower prices and better values by eliminating virtually all the frills and costs historically associated with conventional wholesalers and retailer, including salespeople, fancy buildings, delivery, billing and accounts receivable. We run a tight operation with extremely low overhead which enables us to pass on dramatic savings to our …show more content…
* 40 years ago in 1973, as a high school drop-out, I made $7.50 a hour ($15,600 a year + over-time and full benefits) in a union sheet metal shop. Adjusted for inflation, today I would be earning $38.90 an hour ($80,912 a year). That would mean that in today's dollars, the $26,965 median wage is 66% less than what I had earned 40 years ago in 1973.(Meyers, 2013)
Deficiency- At this warehouse you are required to work 5 days per week, even if you are PT at 24 or so hours. This means lots of 4-5 hour shifts rather than fewer 8 hour shifts which is tough for those who commute a long distance to work or have to cover day care.
Allow the PT staff at 24/hours per week or so to work 4/6 hour shifts or 3/8 hour shifts rather than 4 and 5 hour shifts. it gets expensive for those who commute a long distance to work or have to cover day care. (Working at Costco Wholesale, n.d)
He firstly has his salary reduced and also the stakeholders. And block complains from the stakeholders. (Stone, 2013)
Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World. (Stone,
The company that's more than bucking the low-pay trend: Costco. Costco beat so many tech and high-paying companies in compensation satisfaction. “This list looked at overall employee satisfaction of the company's compensation and benefits packages, which includes factors beyond just salary like benefits …show more content…
W. Craig Jelinek is President, Chief Executive Officer, Director of Costco Wholesale Corporation. He has been a director and President of the Company since February 2010, and Chief Executive Officer since January 1, 2012. Mr. Jelinek previously was President and Chief Operating Officer from February 2010 until January 2012, and was Executive Vice President in charge of merchandising beginning in 2004. He spent the previous twenty years in various management positions in warehouse operations. Mr. Jelinek’s qualifications to serve on the Board include his extensive knowledge of the Company’s business developed over the course of his long career here, particularly in the areas of operations and merchandising. (Stone, 2013)
According to Craig Jelinek, the Company’s CEO and Director, “Costco is able to offer lower prices and better values by eliminating virtually all the frills and costs historically associated with conventional wholesalers and retailer, including salespeople, fancy buildings, delivery, billing and accounts receivable. We run a tight operation with extremely low overhead which enables us to pass on dramatic savings to our …show more content…
* 40 years ago in 1973, as a high school drop-out, I made $7.50 a hour ($15,600 a year + over-time and full benefits) in a union sheet metal shop. Adjusted for inflation, today I would be earning $38.90 an hour ($80,912 a year). That would mean that in today's dollars, the $26,965 median wage is 66% less than what I had earned 40 years ago in 1973.(Meyers, 2013)
Deficiency- At this warehouse you are required to work 5 days per week, even if you are PT at 24 or so hours. This means lots of 4-5 hour shifts rather than fewer 8 hour shifts which is tough for those who commute a long distance to work or have to cover day care.
Allow the PT staff at 24/hours per week or so to work 4/6 hour shifts or 3/8 hour shifts rather than 4 and 5 hour shifts. it gets expensive for those who commute a long distance to work or have to cover day care. (Working at Costco Wholesale, n.d)
He firstly has his salary reduced and also the stakeholders. And block complains from the stakeholders. (Stone, 2013)
Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World. (Stone,