COSTCO CEO RAKES IN $3.2 MILLION

Costco CEO Jim Sinegal, 71, made $3.2 million in 2007, according to a proxy statement filed yesterday with the Securities and Exchange Commission. Most chief executives made a median of $8.3 million in 2006, according to The Associated Press, but we don’t think he’s complaining too much. He owns Costco shares worth $165.11 million at Tuesday's closing price of $68.45, as well as options to buy another 1.12 million shares, according to Business Week.