A Legacy Move for Costco Chief?

November 15, 2011 A Legacy Move for Costco Chief? Dear Client: Recently the Seattle Times calculated that it would take Costco 14 years of profits on spirits sales to recover the money it put into I-1183 ($23 million). So why the risk and expenditure? The Register Guard is suggesting that the initiative may have been more of a personal endeavor for Costco chief and co-founder Jim Sinegal who is stepping down on January 1. "Purely as an investment, Initiative 1183