Company

Costco Wholesale

Description

The bulk retailer had to absorb some bad press in 2012. Late in the year, Costco paid out a special dividend. The move was clearly designed to shirk taxes -- particularly for the company’s largest shareholders -- which were set to go up at the beginning of 2013. (Costco’s co-founder Jim Sinegal, a vocal Democrat, stood to save $4 million.) And Costco wasn’t alone in doing it. But it struck as a sign of desperation. The company borrowed $3.5 billion to pay the dividend.

Despite the weak economy, sales rose 11% to nearly $100 billion in 2012, as the company continued to expand, opening up 17 stores and pushing into new products. You can now get a mortgage and even home insurance at Costco, and you don’t have to insure your whole block.



Headquarters

999 Lake Dr. Issaquah, WA. 98027 425-313-8100

Next Company