• Windex007@lemmy.world
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      4 days ago

      Close. The founder told the CEO if he raised the price on the hotdog “I will fucking kill you”.

      So, who really gets the credit here is up to you.

      The person who threatened to kill the CEO if the CEO fucked his customers, or the CEO who didn’t fuck his customers out of self-preservation?

      • Death_Equity@lemmy.world
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        4 days ago

        They also bought 2 hotdog factories to minimize the loss.

        Costco does pay decent as well.

        Could they do better? Yes, but they are pretty decent for employees and consumers.

        • Mr_Blott@feddit.uk
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          4 days ago

          Oh come on, don’t be naïve. They bought two factories so they could switch from “hot dogs” to “mechanically-recovered animal-based byproducts” let’s be realistic

          • EvacuateSoul@lemmy.world
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            4 days ago

            Aw man I thought they were still free range prairie dog peckers. Oh wait, they’ve always been cheap sausages.

            • Mr_Blott@feddit.uk
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              4 days ago

              You wouldn’t legally be allowed to call them sausage in the EU 😂

              • BakerBagel@midwest.social
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                4 days ago

                What do you think a sausage is? They have always been animals scraps ground up and put into animal intestines. That’s why people have been saying “you don’t want to see the sausage being made” for 200 years.

              • EvacuateSoul@lemmy.world
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                4 days ago

                Frankfurters and Vienna sausages are the types of sausages used in hot dogs, both legal sausages in the EU.

                • Mr_Blott@feddit.uk
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                  4 days ago

                  My point is “with a legally mandated meat content in the EU” but the folks in this thread ate so much fucking slop they have no clue what they’re shovelling in their fat faces 😂

              • Bizzle@lemmy.world
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                4 days ago

                I’ve never heard anyone refer to a hotdog as a sausage in the states either and I even grew up poor

                • MutilationWave@lemmy.world
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                  4 days ago

                  It’s more like everyone knows it’s a sausage. What else could it be? We don’t call them frankfurters either.

                  • Bizzle@lemmy.world
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                    4 days ago

                    Yeah I’ve been thinking about it and I can’t find any other way to classify it… even the packaging though doesn’t call it a sausage

          • Jesus_666@lemmy.world
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            4 days ago

            Do you really expect hot dog sausages to be made from premium meat? They use the scraps that can’t otherwise be used, same as chicken nuggets. This is a good thing. Those sausages and nuggets are perfectly fine to eat and we get to reduce waste.

          • JackbyDev@programming.dev
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            4 days ago

            We’re you under the impression any hot dogs were ever anything other than mechanically-recovered animal-based byproducts?

          • Duamerthrax@lemmy.world
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            4 days ago

            They bought the same hotdog factories that they were already buying hotdogs from. It was literally a one-to-one transition.

      • elucubra
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        4 days ago

        Apparently they make more money from memberships than from sales margins, which are capped.

        • howrar@lemmy.ca
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          4 days ago

          Last I heard, their profits were nearly entirely from memberships. This was probably five years ago though. I don’t know if their numbers have changed since.

          • nepenthes@lemmy.world
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            4 days ago

            I left reddit after the API fiasco and didn’t return, but I remembered seeing this on Data is Beautiful before that, so I just looked it up for you. (My search query in DDG was “data is beautiful reddit Costco profit margins” and a few popped up; this was the most recent.)

            Transcription: infographic states

            Net sales +$77.4B
            Merch costs -$69.2B

            Membership fees +$1.5B

            SG&A -$6.9B (Selling, General, and Administrative Expenses)
            Taxes -$0.8B

            Net profit $2.2B (2% margin)

            Source listed as: Costco Q4 FY 23 earnings

            Edit: format failing :(

    • satanmat@lemmy.world
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      4 days ago

      Also. I believe, he also said , if the workers think they need a union, we’ve failed as managers.

      So. Yeah

      • Arbiter@lemmy.world
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        4 days ago

        I mean, it’s an understandable viewpoint.

        It’s when union busting tactics are being brought in that things are problematic.

        • DragonTypeWyvern@midwest.social
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          4 days ago

          That’s because you view it entirely positively, instead of from the angle that he doesn’t want them to even know of the possibility.

      • vortic@lemmy.world
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        4 days ago

        I wish more companies had this mindset. If you treat your employees well and listen to their needs, they won’t need to unionize. When they do unionize, it means they don’t feel that they have been treated well and listened to.

        It seems that the end result of this philosophy would be to treat your employees well!

        • kiterios@lemmy.world
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          If you have an employer that does the right thing, you should have a union that doesn’t need to do much. But you should still unionise, because it’s niave to think the company will always continue to behave that way. If anything, they naturally drift away from that state and it’s only a matter of time until it changes. The union is about having a level playing field with the company when you need it.

        • bufalo1973@lemmy.ml
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          4 days ago

          Unionize it’s not only about raising your working conditions. It’s about helping other to raise theirs. If you have better conditions you can tell other business owners that what the Union is asking, you already have it. One less point where they can grab themselves.

        • lime!@feddit.nu
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          4 days ago

          its an interesting difference in perspective for sure. here you join as a matter of course because you can push back against changes that are bad.

      • Laurel Raven@lemmy.zip
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        4 days ago

        To be fair, he’s not really wrong, meaning that they’ve failed to take good enough care of their people, and my understanding is he didn’t stand in the way of one forming…

    • toiletobserver@lemmy.world
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      “I came to [Sinegal] once and I said, ‘Jim, we can’t sell this hot dog for a buck fifty. We are losing our rear ends,’” Jelinek recalled in a 2018 interview with 425 Business. “And he said, ‘If you raise the effing hot dog, I will kill you. Figure it out.’”

      https://thehill.com/homenews/4696314-costcos-new-cfo-makes-announcement-about-1-50-hot-dog-combo/#%3A~%3Atext=We+are+losing+our+rear+ends%2C'”+Jelinek%2Ceffing+hot+dog%2C+I+will+kill+you.