Comments on: An underpaid CEO? How radical!

By: Howie

Howie — Fri, 20 Jul 2007 01:06:04 +0000

We can’t blame him for being satisfied with an underpaid job. It’s clear that his interest is happiness at work which Costco is sufficiently providing him.

By: Charlie

Charlie — Thu, 19 Jul 2007 08:16:46 +0000

As long as he’s happy with job and satisfied with his salary, I don’t think it’s a big deal. It’s like a bonus he is giving to all the employees at the cost of his salary.

By: Alexander

Alexander — Thu, 19 Jul 2007 08:09:50 +0000

Jason: Yeah – I know – The guy probably isn’t poor. But as Steve says, other CEOs are being paid millions in salary PLUS stock options, meaning they’re grossly overpaid even when their companies tank.

Steve: I’m glad to hear it. I always think that next after treating your employees and your customers right, a company should be good to its suppliers.

Dana: Thanks for the link – I like the $1 option :o)

Grayson & Joe: Exactly!

By: Joe

Joe — Wed, 18 Jul 2007 18:38:20 +0000

I agree. I think I remember hearing about the $1 CEO. Maybe Costo should stop treating their employees so well and maybe the CEO will earn as much money at the WallMart clowns.

By: Grayson De Ritis

Grayson De Ritis — Wed, 18 Jul 2007 17:13:48 +0000

As the saying goes, take care of your people and they’ll take care of you.

By: Dana M Richardson

Dana M Richardson — Wed, 18 Jul 2007 13:52:41 +0000

Steve Jobs, the Google Boys, and Yahoo’s CEO are all at the $1 annual pay… Yet we all know ‘somehow’ they seem to be doing a little better than all of us combined!

Article on Boston.com about $1 CEO Salary’s ->Read More…

By: Steve Roesler

Steve Roesler — Wed, 18 Jul 2007 13:52:38 +0000

Alex,

I’ve had business dealings with Costco. My experience is that, unlike WalMart and the “WalMart Trend” companies, Costco also treats their vendors well. That doesn’t mean that they aren’t cost conscious. It means that they treat people with dignity.

As for the salary issue: even if Mr. Sinegal is getting stock options–a norm for many executives as well as employees in large companies–he can’t get multiply his wealth unless the company performs. Most CEO’s I know get a hundred times the salary of the lowest employee PLUS the stock options.

Thanks for making an example of what appears to be a good example.

By: jason

jason — Wed, 18 Jul 2007 00:47:53 +0000

You also have to wonder how much he is getting in stock options and other compensations. I remember hearing about one CEO that was only receiving a salary of $1 because the rest (and there was alot) was all in stock options and benefits.