Sinegal recently announced that he'll step down as CEO of Costco in January 2012, handing the reins to current president and COO Craig Jelinek. It's been an extraordinary run for Sinegal, a retail lifer who co-founded Costco with Jeffrey Brotman back in 1983. Costco was the first warehouse club to sell fresh food and operate gas stations and pharmacies. This year, Costco handily outperformed big competitors like Sam's Club, generating sharply higher revenue per square foot.
He rescued the coffee chain. It had record financial results this year. Now the CEO is on a campaign to save the country from its politicians. Here's how he blends capitalism and activism.
|Bernanke's advice for college grads|
|Bloomberg's lazy Apple bias|
|Prison exclusive: Bernie Madoff can't sleep|
|Stocks finish higher for fourth straight week|
|Google says you'll know when Glass is sketchy|