Borrowed $3.5 billion to pay out a $7/share dividend BEFORE the tax rates go up. The CEO you're so proud of owns 2 million shares of stock, which nets him about $14 million of that.
As a big supporter of Democrats and "taxing the rich", he sure is a hypocrite.
3 comments:
Costco:
Borrowed $3.5 billion to pay out a $7/share dividend BEFORE the tax rates go up. The CEO you're so proud of owns 2 million shares of stock, which nets him about $14 million of that.
As a big supporter of Democrats and "taxing the rich", he sure is a hypocrite.
http://online.wsj.com/article/SB10001424127887324705104578149012514177372.html?mod=WSJ_hp_mostpop_read">Costco's Dividend Tax Epiphany
The Rest Of The Story turns your graphic into bullshit. Ironic that you would post it after this info is known.
Oops. Goofed on the link.
Costco's Dividend Tax Epiphany
Oh it isn't really all that ironic for M - it is pretty much his standard operating procedure.
I just marvel at the immunity to cognitive dissonance.
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