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Posted in 2011, Retail Trade | 0 comments

Costco: Jim Sinegal

Costco: Jim Sinegal

Jim Sinegal (Co-Founder & CEO): Costco
Founding the world’s third largest retail chain from a single Kirkland, Washington store is no small feat. Jim Sinegal, Costco Co-Founder and CEO, is retiring at the end of this year after 28 years with the successful company he built. Both consumers and Costco employees alike admire Sinegal as he refused to lay off workers or cut employee benefits, and limited increasing Costco’s prices during difficult economic times. Sinegal’s success is based off of his core values that include honesty, integrity, and modesty, which seem less common in the modern corporate world. Sinegal is retiring at the top as Costco’s profits continue to rise, the stock nears an all-time high, and they perennially place among the best companies to work for. Craig Jenlinek, the CEO’s successor, is said to have very similar values when it comes to running Costco. Jenlinek promised that not much will change without their beloved CEO, especially the indulgently large jars of mayonnaise.