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I believe there is a key difference between Amazon and Apple that is worth mentioning. Amazon is largely a reseller(bar it’s in house developed products like K
by chriselles 8y ago
I believe there is a key difference between Amazon and Apple that is worth mentioning.
Amazon is largely a reseller(bar it’s in house developed products like Kindle/Alexa and store branded products) with far lower gross margins than Apple.
Apple has the highest retail gross sales(and associated high margins) in the world.
Many look to Apple/Google/Facebook as leaders in compensation, benefits, perks.
But they are the exceptional companies that have wide Warren Buffett “moats” to protect their high margins.
McDonalds and Amazon(distribution operations, not software dev)have far more in common in value proposition and business model in terms of margins/compensation than Apple and Amazon.
Just my 0.02c
- elvirs 8y agoyeah but still if Costco can do Im pretty sure Amazon could do it too
- chriselles 8y agoDoes Costco offer profit sharing and/or employee stock units? Would,it be worth including that in the total long-term equation? Every single hourly Amazon distribution worker from the first 5-7 years of the company would be multi-millionaires now had they exercised and held their options. More recent hourly distribution employees of Amazon would have also done quite well in the most recent 5-7 years with stock units granted. But I think you raise a good point about comparing Costco with Amazon. I’d Be keen to compare their respective business models and total compensation systems for employees at the coalface.