[pct-l] REI - We have met the enemy, and he is us

[Cat Nelson]

Thank you for this reminder as I walk into my REI Store. ;-)

Cat
sagegirl51 at gmail.com
On Jun 7, 2013 4:14 PM, "Douglas Tow" <douglastow at gmail.com> wrote:

> Good afternoon,
>
> REI is a corporation, but it is also a co-op.
>
> You cannot own, buy or sell stock.  Its members are its owners and
> constituents.  The governing board hires and fires its executive, in whom
> the governing board invests its trust to carry out its objectives. Changes
> in policy occur in corporations, partnerships, governments, and mom and pop
> places.  For REI, it is not as if owners will be pocketing extra profits
> from this policy change.
>
> It is conceivable that the annual dividend will increase, or the dividend
> will remain the same while prices drop, the chain could invest in faster
> delivery or more complete size inventories in its outlets and warehouses,
> open new stores; or none of these things.
>
> As a potential client, every person can decide from moment to moment
> whether to buy, refuse to buy, take advantage of its policies whatever they
> may be, or not, and make opinions known in whatever method is available
> today.
>
> Members of REI can, at least indirectly, influence policy by doing what
> co-op members can do under the by-laws.  And, everyone can contact REI with
> any concern, need, want, or suggestion they may have.  It is likely that
> working within the system, in the case of REI, will probably be faster
> than, say, pouting or moping.
>
> Doug
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