News Watch

COSTCO CEO REPAYS $200,000 IN OPTION GRANTS ISSAQUAH, Wash. Jim Sinegal, co-founder and chief executive officer of Costco Wholesale here, said last week he has repaid the company $200,000 to avoid any question of benefiting from improperly dated stock-option grants, Costco said in a government filing last week. The retailer here said recently it was cooperating with a federal investigation into potential

COSTCO CEO REPAYS $200,000 IN OPTION GRANTS

ISSAQUAH, Wash. — Jim Sinegal, co-founder and chief executive officer of Costco Wholesale here, said last week he has repaid the company $200,000 “to avoid any question” of benefiting from improperly dated stock-option grants, Costco said in a government filing last week. The retailer here said recently it was cooperating with a federal investigation into potential backdating of stock options. Costco has said its own investigation into

Register to view the full article

Already a member? .