this post was submitted on 11 Aug 2026
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Nope! Costcos business model is masquerade as a benevolent company that cares about its workers and treats customers fairly so they can sell more memberships while treating all the non public facing workers like cattle and giving a maximum of 2% annual raises to only the most sycophantic employees.
It’s all bullshit, just because the warehouse workers are paid and treated better at Costco than Amazon or Walmart does not make them one of the good guys.
Shit one of their largest shareholders is Blackrock.
Edit: y'all ain’t gotta believe me, just proves their propaganda is working. I’ve worked at Costco HQ in the past. IT gets treated like absolute shit, worse than anywhere else I’ve ever done that sort of work, and the entire department agreed when I was there, but their skill sets are all Costco centric so they can’t seem to find anywhere else their skills map to. A manager tried to take their own life IN THE OFFICE recently according to one of my close friends that’s still there, apparently due to burnout and the disappearance of upward mobility, which is why I fucking left
Costco is publicly traded, anybody can buy their stock. Blackrock owning it should be irrelevant to public opinion of the company.
It's also probably mostly BlackRock index funds. Which means tons of retail investors are part of this ownership.
Well, except that I'm theory, owning a lot of shares in a company gives you some leverage over that company to drive its policies and direction.