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View Diary: The wonderful world of Walmart (36 comments)

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  •  Ford's celebrated wage (5+ / 0-)

    scale was also intended to help him hire away all the most experienced workers from his competitors.

    "A lie is not the other side of a story; it's just a lie."

    by happy camper on Tue Nov 27, 2012 at 07:42:39 AM PST

    [ Parent ]

    •  An asshole, but a smart asshole (7+ / 0-)

      unlike today's looters, who are mostly dumb assholes with high politico-economic connections.

      If it's
      Not your body,
      Then it's
      Not your choice
      And it's
      None of your damn business!

      by TheOtherMaven on Tue Nov 27, 2012 at 09:01:43 AM PST

      [ Parent ]

      •  When he discovered that (1+ / 0-)
        Recommended by:

        the Dodge brothers were financing their new car company with dividends from their Ford stock, ol' Henry eliminated the dividend, a move that the courts eventually disallowed. He was a real bastard. He even attempted to enforce his personal ideas of proper conduct on his workers at home. Google "Ford sociology department".

        "A lie is not the other side of a story; it's just a lie."

        by happy camper on Tue Nov 27, 2012 at 10:03:24 AM PST

        [ Parent ]

    •  Yup. Which puts him way up on the Wal-Marts (2+ / 0-)
      Recommended by:
      BlackSheep1, radical simplicity

      of this world.  He was smart enough to know that people are not staplers or chairs or some such thing.

      Funny, isn't it, how many current CEOs don't know what Ford did?

      You get what you pay for applies to a lot more than fine china and cars.

      Funnier still -- a few understand it, make tons of money, and the others still scratch their heads.  Places like Costco, Trader Joes, and Aldi don't exactly pay their associates CEO wages, but notably more than Wal-Mart.

      The end result for this profit-killing practice?

      Total fail!! The companies still manage to make massive profits.  Sad that old Henry would still be ahead of his time 100 years later.

      LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

      by dinotrac on Tue Nov 27, 2012 at 12:14:49 PM PST

      [ Parent ]

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