Who is the CEO of Costco?
Costco's President, CEO is Craig Jelinek. Other executives include David Skinner, Senior Vice President, General Manager - Western Canada Region; Richard A. Galanti, Executive Vice President, Chief Financial Officer; and 34 others.
Is Costco a good company to work for?
One company that bucks the trend is Costco. Listed by the site as one of the best places to work in 2016, 2017 and 2019, more than 90% of the company’s employees on the site approve of CEO Craig Jelinek, while four in five say they would recommend the company to a friend.
Does Costco Wholesale Corp listed its board members on its annual proxy statement?
For its 2019 fiscal year, COSTCO WHOLESALE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. For its 2019 fiscal year, COSTCO WHOLESALE CORP, listed the following board members on its annual proxy statement to the SEC. This report is not for commercial use.
What is Costco?
What Is Costco? Costco is a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise.
Who are the top executives at Costco?
W. Craig Jelinek (Jan 1, 2012–)Costco / CEOWalter Craig Jelinek is an American businessman, president and CEO of Costco since 2012, when he succeeded the company's founder, James Sinegal. Wikipedia
How much does a Costco VP make?
The average Costco VP of Sales earns an estimated $305,024 annually, which includes an estimated base salary of $196,629 with a $108,395 bonus. Costco's VP of Sales compensation is $6,687 more than the US average for a VP of Sales. VP of Sales salaries at Costco can range from $125,467 - $700,000.
Who are the managers of Costco?
EXECUTIVE OFFICERSJeffrey Abadir. Senior Vice President, General Manager - Bay Area Region.Claudine Adamo. Executive Vice President, Merchandising.Marc-André Bally. Senior Vice President, Operations - Eastern Canada.Patrick J. Callans. ... Greg Carter II. ... Richard Chang. ... Jeff Cole. ... Wendy Davis.More items...
How much do Costco executives make?
Comparing Costco Wholesale Corporation's CEO Compensation With the industryComponent2020Proportion (2020)SalaryUS$1.0m12%OtherUS$7.3m88%Total CompensationUS$8.3m100%Jan 20, 2021
How much vacation do Costco employees get?
Costco Wholesale At Costco, employees say they can start with two weeks of PTO, but every year they can also earn more vacation time — up to five weeks of PTO and 10 sick days. Workers say the company is "great with working around your schedule" and is very flexible with vacation days.
How much does the CEO of Costco make?
Compensation by CompanyName And TitleTotal CompensationW. Craig Jelinek President and Chief Executive OfficerTotal Compensation $8,595,381 View detailsJames P. Murphy Executive Vice President, COO-International DivisionTotal Compensation $4,515,693 View details3 more rows
What is Costco organizational structure?
Costco Wholesale Corporation primarily has a weak matrix organizational structure. This type of organizational structure involves a strong functional structure and a secondary divisional structure.
How much do directors make at Costco?
How much does a Director make at Costco Wholesale in the United States? Average Costco Wholesale Director yearly pay in the United States is approximately $159,842, which is 82% above the national average.
Is Bill Gates involved in Costco?
Bill Gates Foundation sold out his holdings in Costco Wholesale Corporation. His sale prices were between $94.47 and $105.95, with an estimated average price of $98.25. Costco Wholesale Corporation and its subsidiaries began operations in 1983 in Seattle, Washington.
Who is the highest paid CEO?
ShareEXECUTIVE NAME COMPANY (TICKER)TOTAL COMPENSATION1.Jeff T. Green The Trade Desk (TTD)$834,959,3672.Zig Serafin Qualtrics International (XM)$540,513,0503.Peter M. Kern Expedia Group (EXPE)$296,247,7494.Ariel Emanuel Endeavor Group Holdings (EDR)$294,949,6386 more rows•Jun 25, 2022
Who is lowest paid CEO?
Dozens of CEOs have pay packages that range into the tens of millions of dollars. The lowest-paid CEO in America, however, is also one of the world's richest men: Warren Buffet. (And these are the lowest-paying American companies.)
Who owns Costco now?
Costco Wholesale Corporation currently owns Costco. It is the result of a merger of two companies: Price Club and Costco. W. Craig Jelinek is the current CEO of Costco Wholesale Corporation, and Hamilton E. James is the chairman of the board.
Who is the head of HR for Costco?
Patrick Callans is Senior Vice President of Human Resources and Risk Management at Costco Wholesale, a multibillion dollar global retailer with warehouse club operations in 10 countries.
Who is the head of Costco Canada?
Michael P. - Director - Costco Wholesale Canada | LinkedIn.
Description Costco Wholesale Corp
Costco Wholesale Corp. engages in the operation of membership warehouses. The firm's product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: United States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.
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When did Costco start opening warehouses?
As soon as Costco became profitable in 2002 , it began opening more warehouses, expanding into Taipei in Taiwan, where the business model had more of a chance of being embraced.
What does Richard focus on in his conversation with CEO Magazine?
Although Richard focuses on customers throughout his conversation with The CEO Magazine, he’s keen to stress that he views everyone associated with the business to be important to him.
Why does Richard maintain this is a way for the company to retain its competitive advantage?
Richard maintains this is a way for the company to retain its competitive advantage. “We get employees who will see random increases in their pay and become confused as to why that happened. The reason though is often our competitors were beginning to pay similar rates for the same work, so we want to maintain a gap between us and our competitors. It’s small things like this that improve our employees’ quality of life.”
Did Costco make a profit in the first 5 years?
Richard describes the first five years as a “roller-coaster” and “challenging”, revealing that in that time, Costco didn’t turn a profit in the region, only breaking even in its fifth year.
Which company bucks the trend?
One company that bucks the trend is Costco. Listed by the site as one of the best places to work in 2016, 2017 and 2019, more than 90% of the company’s employees on the site approve of CEO Craig Jelinek, while four in five say they would recommend the company to a friend. That performance can be attributed to many factors, ...
Does Costco sell Kirkland?
As well as serving as a wholesaler, Costco also manufactures and sells its own products under the Kirkland Signature brand name. Founded in 1995, Kirkland products are introduced when Costco believes it can beat other brands on pricing, eliminating fluctuations in price by insuring that a cheaper alternative is always available.
Is Costco expanding in South Korea?
Having now pegged more than a dozen extra stores to open in South Korea, Richard admits that Costco is not overly zealous about expansion; it’s conservative, only expanding when it knows an opportunity is available.
COSTCO WHOLESALE CORP
For its 2021 fiscal year, COSTCO WHOLESALE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
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This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.
What is Vic's role in Costco?
Vic was instrumental in the launch of Costco's online, mail order and specialty pharmacy business units. Other projects under Vic’s guidance include the development of centralized prescription fulfillment and Costco’s PBM services.
Who is Victor Curtis?
Victor Curtis is the Senior Vice President of Pharmacy for Costco Wholesale. He reports to Ron Vachris, Executive Vice President of Merchandising and Costco’s Chief Merchandising Officer. Vic's responsibilities include the operation of 534 pharmacies in the U.S. and merchandising and buying responsibility for prescription and non-prescription pharmacy related products.
Where did Vic start his career?
Vic started his retail and professional career as a pharmacist at Sav-on Drugs in Southern California. Over 13 years, Vic rose from staff pharmacist to pharmacy manager at several high-volume locations. In 1991, following a move to Northern California, Vic joined Costco and opened the company's new pharmacy in Chico, California.
