Found via the Corner of Berkshire & Fairfax.
On New Year's Eve, Costco Wholesale co-founder Jim Sinegal will step down as CEO.
He will hand off the job he loves and his open-walled office to Craig Jelinek, a veteran Costco executive whom Sinegal considers "almost a founder."
He will turn 76 on New Year's Day and stay for a yearlong transition before retiring to just the board of directors.
As Sinegal's days of wearing the silver ID badge reserved for 25-year employees wane, he talks about how it all started, companies staying true to themselves and why he was willing to spend $19 million to kick the state out of the liquor business.
On New Year's Eve, Costco Wholesale co-founder Jim Sinegal will step down as CEO.
He will hand off the job he loves and his open-walled office to Craig Jelinek, a veteran Costco executive whom Sinegal considers "almost a founder."
He will turn 76 on New Year's Day and stay for a yearlong transition before retiring to just the board of directors.
As Sinegal's days of wearing the silver ID badge reserved for 25-year employees wane, he talks about how it all started, companies staying true to themselves and why he was willing to spend $19 million to kick the state out of the liquor business.