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Evidence receipt / belief

Published · transcript-backed

David Rosenthal: belief

4 Jun 2024 Acquired Starbucks (with Howard Schultz)

“I think the other piece that you didn’t just list off there that we’ve covered in depth is the Costco investment in your employees, the people, and the reduction of turnover.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
4 Jun 2024
Publisher
Acquired

Transcript context

…What backwoods place am I in? Like it’s expected. When you live with something most of your life, you forget that it was once a crazy idea. I think the other piece that you didn’t just list off there that we’ve covered in depth is the Costco investment in your employees, the people, and the reduction of turnover. In Costco’s case, I think it’s probably much more so the reduction of turnover. In Starbucks’ case, it really is like that’s the key element to building the humanity. I don’t know the employees at my Costco store. What’s the stat that you have on, I’ve heard you say it a number of times on employee tenure at Starbucks versus others in the category?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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