Costco's co-founder and chairman dies

[grantcart]

Source: CNN

Costco co-founder and chairman Jeff Brotman has died, according to the company. He was 74-years-old.

Brotman launched the first Costco (COST) warehouse in Seattle in 1983 with Jim Sinegal, who served as Costco's CEO until 2012. Brotman had served as chairman of the company since 1994.



In a short press release, Costco announced with "great sadness" that Brotman died early Tuesday morning.

Reached via the the company's investor relations office, Costco declined to provide any additional information or comment.


Read more: http://money.cnn.com/2017/08/01/news/costco-co-founder-jeff-brotman-dies/index.html

---

Very Sad.

[hlthe2b]

1. A tribute to his legacy- a thread filled with very positive comments from DU Costco supporters

RIP, sir

https://www.democraticunderground.com/10029400075

[sandensea]

2. God speed, Jeff Brotman. Thanks for leaving U.S. consumers a positive legacy.

Jeff Brotman (right) with Jim Sinegal in what was then the Price Club in 1982.

[gademocrat7]

3. RIP, Mr. Brotman.

[cstanleytech]

4. I hope this does not mean Costco will become a shithole like Walmart

became once Sam was out of the picture.

[Doreen]

5. That was my instant thought also.

Sam was a good man then the vile wife and kids took over and his legacy went to shit forever. I hope Jeff's family or whoever does not do the same. Funny we were having a Costco discussion a few hours ago. I hope I do not have to quit going.

[ailsagirl]

9. Mine too

Let's hope not

[dflprincess]

10. Costco is a public company

Hopefully the board of directors like how the company has been run and will continue along the same line.

[Doreen]

11. Lets hope none of them are even remotely related to the Walton clan.

Or the trump administration.

[Bigredhunk]

6. -

Shouldn't change anything. I remember fearing the same when Jim Sinegal stepped down in 2012. Sinegal was running things until then (& spoke at the Democratic National Convention that year). That left Chief Operating Officer Craig Jelinek to take over. Nothing has changed since then.

[cstanleytech]

8. I bet though that some people said the same thing about Wal-Mart and look at

the shithole it became and how lousy it treats the majority of its employees.
Now granted they do have an issue with a lack of quality employees but that again is management's fault for offering sub par wages that are not attractive as well as not providing decent training and over working them leading to lower productivity and morale.

[Dreamer Tatum]

7. $35 fee to attend the funeral

free snacks, though

[samnsara]

12. we lost a good person

[Demonaut]

13. corporate overlord

he wasn't one of them.

R.I.P. and thank you for your service, you will be missed.

most of what I own and eat comes from Costco

[lostnfound]

14. I spend more in that store than anywhere.

Rest In Peace and thank you for giving us a better option.

[SergeStorms]

15. Capitalism with a conscience.

It CAN be done, and the Sinegal/Brotman team showed Wall Street and Americans that treating the investors, employees, and the
customers in an honest, caring fashion benefited EVERYONE!
I LOVE walking the aisles in Costco, just to see what their buyers have come up with now. I never buy that much for myself, but my daughter's family, with two kids aged 4 and 2 1/2 love going with me, and of course "grandpa" can't resist spoiling the kids. They're NOT spoiled, though, and never throw tantrums or cry when we say "no" to something. They're grateful for what they have, and know how lucky they are. There's just SO MUCH stuff there can can save a family with kids a TON of money!

Anyway, here's to you, guys! You'll never be forgotten for the way you ran your business. I wish the rest of corporate America would take a cue from your ideas.

[wryter2000]

16. RIP

Was he the one who spoke at the Democratic convention?

We need more business people like him.

[niyad]

17. requiescat in pace