Costco’s Dilemma: Is Treating Employees Well Unacceptable for a Publicly-Traded Corporation?

When it comes to workers, companies can be accused of not paying enough — or paying too much.

The Powell Memo (also known as the Powell Manifesto)

In 1971, Lewis F. Powell, a corporate lawyer and member of the boards of 11 corporations, wrote a memo to his friend Eugene Sydnor, Jr., the Director of the U.S. Chamber of Commerce. The memo influenced or inspired the creation of the Heritage Foundation, the Manhattan Institute, the Cato Institute, Citizens for a Sound Economy, Accuracy in Academe, and other powerful organizations.