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Here's how much Costco's new CEO made this year (www.businessinsider.com)

submitted 4 months ago by Sunshine@lemmy.ca to c/costco@lemmy.ca

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Since becoming CEO of the wholesale club in January, Ron Vachris received a compensation package worth more than $12.2 million in the 2024 fiscal year, according to the company's latest proxy statement filed Wednesday with the SEC.

The package includes a base salary of nearly $1.1 million, plus stock awards of just over $10.5 million and other perks and compensation (such as a complimentary $120 Executive Membership to Costco).

Meanwhile, of Costco's 328,000 worldwide employees, the median worker earned $47,092, giving Vachris a CEO pay ratio of 262.

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[–] nik282000@lemmy.ca 3 points 4 months ago

The parasitic class.

[–] Sunshine@lemmy.ca 2 points 4 months ago

It should be much lower. Costco warehouses need to unionize more.

[–] LuxSpark@lemmy.cafe 1 points 4 months ago* (last edited 4 months ago)

More leeches, soaking up wealth without providing value.