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How is the CEO of Costco?
Los Angeles, California, U.S. Walter Craig Jelinek (born August 8, 1952) is an American businessman, president and CEO of Costco since 2012, when he succeeded the company’s founder, James Sinegal.
Is the Costco owner a billionaire?
James D. Sinegal (born January 1, 1936), also known as Jim Sinegal, is a retired American billionaire businessman who is the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain.
Who is Costco’s owner?
Jim Sinegal Net Worth: Jim Sinegal is an American business executive who has a net worth of $1 billion. Jim Sinegal has earned his fortune as the founder and CEO of Costco, which is the largest membership retail chain in the United States.
How much do Costco owners make?
It’s what we do: take care of customers and employees and the people who are selling us merchandise,” he said in a Seattle Times interview (via Business Insider). In 2018, he had a reported base pay of $800,000 a year plus a $97,000 bonus.
How much does Costco CEO earn?
Compensation by Company
| Name And Title | Total Compensation |
|---|---|
| W. Craig Jelinek President and Chief Executive Officer | Total Compensation $7,857,381 View details |
| Paul G. Moulton Executive Vice President, Chief Information Officer | Total Compensation $4,050,312 View details |
Does Jim Sinegal still own Costco?
Sinegal retired in 2018 but remains one of Costco’s largest shareholders. His stake alone was worth $263.2 million in 2018.
How are Costco executives paid?
The average Costco executive compensation is $237,619 a year. The median estimated compensation for executives at Costco including base salary and bonus is $238,869, or $114 per hour. At Costco, the most compensated executive makes $700,000, annually, and the lowest compensated makes $50,000.
Is Costco owned by Chinese company?
Is Costco owned by China? Costco isn’t owned by China and never has been. The company has always been American and was founded in the 1970s in California. Costco has been a huge success in China.
What is Amazon CEO salary?
Mr Bezos had a relatively modest income in his time at the helm of Amazon. His base salary of $81,840 remained unchanged since 1998. However, on top of his salary, additional compensation brings his total income to $1,681,840.
How much is Jim Sinegal worth as a shareholder?
Sinegal retired in 2018 but remains one of Costco’s largest shareholders. His stake alone was worth $263.2 million in 2018. Visit Business Insider’s homepage for more stories.
How much does Jim Sinegal make a year at Costco?
Costco CEO Jim Sinegal smiles at a reopening of a Costco store in Redwood City, California in October 2009. Sinegal took a $350,000 salary during his tenure at Costco — far below the industry standard $1 million for Fortune 100 CEOs at the time, according to The Washington Post.
What did James Sinegal name his new company?
The new company, named PriceCostco, Inc., focused heavily on international expansion, opening stores in Mexico, South Korea, and England. Despite best efforts to recover losses, sales continued to drop.
What did Jim Sinegal do for a living?
Visit Business Insider’s homepage for more stories. After discovering a passion for retail in college, Jim Sinegal cofounded Costco and built it into one of the largest retailers on the globe, while largely staying out of the limelight himself.