Yep. The wealthiest person I ever met (worth about $3 B before he passed away) drove an old Ford and hadn't bought a new suit for years. He regularly shopped at Walmart.
Two reasons:
1. If you're going to buy widget xyz, why not buy it where you can save the most money?
2. Time is valuable. If you can do all of your shopping in one trip, why make separate trips to 4 different stores? (He wouldn't ever have considered hiring a personal assistant to do his shopping for him). Of course, this was in the days before shopping online was as big as it is today, but he was sort of old-fashioned, so he might not have shopped online even today.
Sounds almost like one of the people I knew. I sat in a board meeting with Bill grilling my then boss (and majority owner of the business) wearing an old undershirt and work jeans. He clearly dressed how he wanted because he had the money and power to do so. And in most non-business situations, he was as approachable as a farm hand (which is how he often dressed), but in tense business dealings, he was sharper than a razor blade and used his appearance to his advantage.
The destructive working conditions in Apple's factories have deserved and gotten lots of attention.
Walmart makes Foxconn look like day care for rich kids. Ethically, the only significant difference between the two is that Walmart buys Congressman a six pack at a time.
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Quote:
Originally Posted by jragosta
Yep. The wealthiest person I ever met (worth about $3 B before he passed away) drove an old Ford and hadn't bought a new suit for years. He regularly shopped at Walmart.
Two reasons:
1. If you're going to buy widget xyz, why not buy it where you can save the most money?
2. Time is valuable. If you can do all of your shopping in one trip, why make separate trips to 4 different stores? (He wouldn't ever have considered hiring a personal assistant to do his shopping for him). Of course, this was in the days before shopping online was as big as it is today, but he was sort of old-fashioned, so he might not have shopped online even today.
Sounds almost like one of the people I knew. I sat in a board meeting with Bill grilling my then boss (and majority owner of the business) wearing an old undershirt and work jeans. He clearly dressed how he wanted because he had the money and power to do so. And in most non-business situations, he was as approachable as a farm hand (which is how he often dressed), but in tense business dealings, he was sharper than a razor blade and used his appearance to his advantage.
The destructive working conditions in Apple's factories have deserved and gotten lots of attention.
Walmart makes Foxconn look like day care for rich kids. Ethically, the only significant difference between the two is that Walmart buys Congressman a six pack at a time.