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Costco borrows $3B, not for new jobs, not for expansion, but to pay special dividend to beat Obama tax increases

 
Treyfish
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12/02/2012 07:33 PM
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Costco borrows $3B, not for new jobs, not for expansion, but to pay special dividend to beat Obama tax increases
Late last week, Sinegal and the rest of the Costco Board of Directors voted to pay shareholders a special $7 per share dividend to avoid higher dividend taxes that are scheduled to go into effect on January 1, 2013. As the Wall Street Journal notes,

That’s a $3 billion Christmas gift for shareholders that will let ==[
[link to twitchy.com]


Costco's Dividend Tax Epiphany
Obama's fans in the 1% vote to beat Obama's tax increase.


[link to online.wsj.com]
Anonymous Coward
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12/02/2012 07:34 PM
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Re: Costco borrows $3B, not for new jobs, not for expansion, but to pay special dividend to beat Obama tax increases
And you THOUGHT that Costco was a SMARTLY RUN company???



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