So, are you saying that if Costco sells Idaho potatoes in Portland OR (one state away) and Honolulu HI (halfway across the Pacific Ocean), the price has to be the same in both cities?
Your math skills are as poor as your critical thinking skills
919K *5 = 4.6M,
So if Costco were the same size as Walmart (your figure of 5x), the Costco CEO would be paid 4.6M. Therefore, because the WalMart CEO makes 6.33M, he is being overpaid by 37%
Costco employees generate nearly 3x the revenue per capita as WalMart employees, and 43% more profit per capita per capita as WalMart employees.
Therefore all comes down to "you get what you pay for."
Costco pays its employees well because they are far more productive.
"Spending too much on employee wages"
Wall Street has held this sentiment for years. They'd rather Costco morph into Wal-Mart, paying people #$%$ wages and benefits...to the point that they encourage their employees to go on public assistance.
As far as management compensation, I see a different perspective:
919K per year
6.33M per year
If it goes to 60, it will be a great time to buy more!
Anyway, the last time it was 60 was September 2010, not last year.
Nimrod, that's called the "Loser's limp"...you posted a challenge, you lost, and now you try to deflect the attention in another direction.
Anyway, I'd say someone has spoofed your account.
I know it's not you because he or she didn't misspell a single word.
Nimrod, I think someone spoofed your account.
We can tell it's not you because he/she didn't misspell a single word.
I know someone whose financial adviser told her about 15 years ago to sell all her Costco stock, because it 'wasn't going anywhere'. Well, it's gone up on average 36%/year since then. Yes she could have sold it to buy Apple, and later, Google, but she thinks 36% is pretty darned good and is just glad she didn't buy something like Worldcom.
In the short term, Costco will bounce up and down, like most stocks do. People who want a short term gain might do well, or get burned....depending upon when they bought and sold
Long term holders will continue to do well. I think Costco's "Investor FAQs" page says it all:
When was Costco Wholesale’s initial public offering and at what price?
The Company went public on December 5, 1985 at $10.00 per share (before stock splits). Adjusting for stock splits, the initial price per share was approximately $1.67.
I already answered your question, sorry but you don't get a follow-up.
Anyway, I don't know what "smooked" means...is that like "plurl"?
The sky is falling, the sky is falling!
Actually, it wasn't the CEO (Craig Jelinek] it was a board member (Franz Lazarus) who sold 600 shares out of the 83,017 that he owns. What is that....0.007227435 of his stocks?
Or, you get thumbs down because people know it annoys you and will make an issue out of it. Stocks go up and down, Costco's not immune to that.
Sorry you shorted Costco and it's gone up, but don't blame us for your mistakes!
I noticed your user ID was created 8/28/2013, that was 90 days ago.
In that amount of time, Costco Stock Price has gone from $110.46 to $125.18.
What is that, ~13% in 90 days....and you're complaining??????
Oh that's right, you shorted it. So sorry.
Oh, I get it all right.....enough people seem to go find what they want that they manage to spend 105 BILLION dollars on the last fiscal year.
Meanwhile, you continue to harp on details that don't seem to bother 99% of the customers. It's a WAREHOUSE, not Nordstrom's or Saks Fifth Avenue. No one is going to wait on you and make you feel special. My octogenarian parents manage do do just fine there, why can't you?
Tell you what, why don't you present your resume to Costco management? Certainly with your extensive experience as a HUGE shopper, they will bring you onto the team to resolve all the issues you have found. And, when that happens, post the press release about your new position so we can all congratulate you.
Costco's revenue for the last fiscal year was 105 BILLION dollars, so I'd guess that quite a few people manage to find what they are looking for.