Who is the CEO of Costco?

Asked By: Soumaya Dakhaev | Last Updated: 20th February, 2020
Category: automotive motorcycles
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W. Craig Jelinek (Jan 1, 2012–)

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Moreover, how much does the CEO of Costco make?

Craig Jelinek, who is set to become CEO of Costco Wholesale on January 1, will be paid an annual salary of $650,000 plus a bonus of up to $200,000, according to a securities filing Monday. That compares to current CEO Jim Sinegal's salary of $350,000 and bonus of $190,400 in fiscal 2010.

Likewise, how much is Craig Jelinek worth? W. Craig Jelinek Like his predecessor, James Sinegal, he believes that treating customers and employees with respect leads to greater corporate profitability. He is a big fan of Costco's $1.50 hot dog. As of May 2016, Jelinek owned 270,918 shares of stock worth $40.9 million, which equals a stake of 0.06%.

Consequently, who is Costco owned by?

Costco Wholesale Corporation, doing business as Costco, is an American multinational corporation which operates a chain of membership-only warehouse clubs.


Costco's logo since 1997
Headquarters in Issaquah, Washington
Founders James Sinegal Jeffrey Brotman
Headquarters Issaquah, Washington , United States

Is the owner of Costco Mormon?

James Sinegal owned 804,419 shares of common stock worth $121.4 million as of May 2016. This equates to 0.18% of Costco's outstanding shares. He has been reducing his holdings slowly, though he continues to receive new shares as part of his director's compensation package.

34 Related Question Answers Found

Which is better Costco or Sams?

Costco and Sam's Club have very similar business models. They charge essentially the same prices for their memberships and the same prices for their goods. Yet Costco generally fares better. The reason is that Sam's Club may be shooting themselves in the foot with their parent company Walmart stores.

How much does the CEO of Walmart make?

Walmart Inc. (NYSE: WMT) CEO Doug McMillon received $22.8 million in compensation for the company's 2018 fiscal year that ended in January. The median salary for the other 2.22 million Walmart employees was $19,177.

Do Costco hire felons?

A first hand account of someone being hired by Costco with a felony; …”A number of other employers refuse to hire anyone with a conviction – Costco has no problem hiring ex-felons. If your conviction is for something nonviolent you will have at least a good chance.

What is Jim Sinegal net worth?

Costco mogul Jim Sinegal has an estimated net worth of $2 billion and a salary of $350,000 per year. Sinegal acquired his mammoth net worth as the founder and CEO of the largest membership retail chain in the United States.

What do they have at Costco?

45 Cult Favorite Items From Costco
  • 1 Bacon. Costco. Costco's Kirkland Signature brand is the way to go here.
  • 2 Bacon Crumbles. Costco.
  • 3 Pre-Cooked Bacon. Costco.
  • 4 Sheet Cake. Costco.
  • 5 93-inch plush bear. Costco.
  • 6 Coffee. Costco.
  • 7 Rotisserie Chicken. Getty Images.
  • 8 Rotisserie Chicken Meat. Costco.

How many hot dogs does Costco sell?

If you combined yearly hot dog sales from every Major League Baseball stadium in the U.S., Costco will have outsold them four times over. In 2015, Costco sold 128 million hot dogs. They tend to sell, on average, 100 million hot dogs yearly.

Where does the CEO of Costco live?

W. Craig Jelinek. Walter Craig Jelinek (born August 8, 1952) is an American businessman, president and chief executive officer of Costco since 2012, when he succeeded the company's founder, James Sinegal. Jelinek was born in 1952 and grew up near Los Angeles.

Is T silent in Costco?

Costco officially changes its name so that my mom can finally pronounce it correctly. That's spelling pronunciation; you don't actually pronounce the "t". The same way you don't in "listen" or "often" or "whistle" or "moisten".

What does Costco stand for?

For several years a rumor has been spread online that says Costco stands for “China Off Shore Trading Company”.

Is Kirkland's owned by Costco?

Kirkland Signature, the private label brand name introduced by Costco in 1992, is so named after Costco's corporate headquarters, Kirkland, Washington. Kirkland's, Inc. on the other hand, is a U. S. retail chain that sells home decor, furniture, textiles, accessories and gifts.

Why is Costco named Costco?

Costco traces its history back to 1976, when Sol Price, a pioneer in warehouse club retailing, opened the first Price Club in San Diego. In 1997 the corporate name was changed to Costco Companies, Inc., and in 1999 the present corporate name was adopted.

Why is Costco successful?

Costco's ability to grow and attract new members without expensive advertising is one major attribute that makes it one of the best retailers around. High wages and high productivityCostco pays its employees unusually well for a retailer.

Are Costco and Target owned by the same company?

Costco Wholesale Corporation (NASDAQ:COST) and Target (NYSE:TGT) are two of the biggest retailers in the country. Together, they represent $125 billion in market value. Image source: Costco.

How much does Costco pay per hour?

Costco Wholesale Company pays its employees an average of $17.19 an hour. Hourly pay at Costco Wholesale Company ranges from an average of $11.50 to $26.19 an hour.

Is Cosco owned by China?

China Ocean Shipping (Group) Company (Chinese: ??????(??)???), known as COSCO, was a Chinese state-owned shipping and logistics services supplier company. Its headquarters is in Ocean Plaza in the Xicheng District in Beijing. In 2012, it was among China's top 15 brands.

Is Costco a Fortune 500 company?

Costco had a strong end to its 2018 fiscal year, reporting $141.6 billion in revenues, up 9.7% from 2017.

Company Info.
CEO W. Craig Jelinek
HQ Location Issaquah, Wash.
Website http://www.costco.com
Years on Fortune 500 List 25
Employees 194,000

Is Costco a good company to invest in?

The company boasts a membership renewal rate of over 90%, so even when sales are depressed it has a decent and predictable cushion of revenue. That's good for investors who have already bought in, but it means that Costco's shares are never really priced low.