Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Costco CEO name M* CEO of the year.
Old 01-07-2012, 06:17 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 6,694
Costco CEO name M* CEO of the year.

I know there are a lot of Costco fans, especially me, on the forum.

Morningstar named Jim Sinegal, their CEO of the year. Unfortunately he is stepping down as CEO. Costco is a rare company that has managed to do good for consumers, their shareholders, and their employees.

Good selection IMO.
__________________

__________________
clifp is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-07-2012, 09:17 PM   #2
Recycles dryer sheets
Ronnieboy's Avatar
 
Join Date: Feb 2008
Posts: 442
Quote:
Originally Posted by clifp
I know there are a lot of Costco fans, especially me, on the forum.

Morningstar named Jim Sinegal, their CEO of the year. Unfortunately he is stepping down as CEO. Costco is a rare company that has managed to do good for consumers, their shareholders, and their employees.

Good selection IMO.
+1000!

I wonder if the new CEO is going to keep the same modest salary?
__________________

__________________
I don't want to spend my entire life at work. I deserve more. - Want2retire aka W2R
Ronnieboy is offline   Reply With Quote
Old 01-07-2012, 11:07 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 9,498
Quote:
Originally Posted by clifp View Post
Morningstar named Jim Sinegal, their CEO of the year.
I am surprised it takes this long. Perhaps Sinegal has been recognized before by some organizations, that I do not know of. I have not read a single bad thing about Sinegal; whenever I read something about him in the press, it has always been praises. I also have high regards for Costco as a business.
__________________
Capital gain + Dividend - Inflation > WR, result happiness.
Capital gain + Dividend - Inflation < WR, result shrinking principal.
NW-Bound is offline   Reply With Quote
Old 01-08-2012, 07:40 AM   #4
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,023
Sinegal has been the Sam Walton of his time.

Devoid of upper mgt luxuries, nondescript HQ, low CEO salary, took good care of employees, understood how to create a good retail experience for customers, etc.

I bet some West coast residents/investors made good money on Costco over the years by realizing the potential of the company early similar to the Walmart millionaires in Arkansas. Charlie Munger has been a long time owner.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
39 year old doing retirement analysis for 70 year old parents grayparrot Hi, I am... 21 01-07-2012 10:14 PM
1 year of ER complete! martyp Life after FIRE 17 12-22-2011 12:28 PM
Leaving Ameriprise - One Year Later Lisa99 Hi, I am... 69 10-17-2011 09:20 AM
Non-Recuring Recuring expenses Rustic23 FIRE and Money 18 07-04-2011 01:32 PM

 

 
All times are GMT -6. The time now is 08:31 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Early Retirement News right to your Email!

Stay up-to-date with all the latest news to your inbox!

unsusbcribe at anytime with one click

Close [X]