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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The parasitic class.
More leeches, soaking up wealth without providing value.
It should be much lower. Costco warehouses need to unionize more.
