Santelli Annihilates Costco CEO For Blatant Tax Hypocrisy
Dec 7, 2012 at 2:32 PM
DailyBail in Rick Santelli, Taxes, cnbc video, cnbc video, costco ceo, fiscall cliff, hypocrisy, jim sinegal, rick santelli, tax avoidance, taxes

Why he walked off set earlier in the day.

The 4 million dollar tax hypocrite.

Tax avoidance by CEOs who give glorious political speeches on why higher taxes are good for everyone, and then operate by a different set of rules when no one is watching.

Here's the WSJ article that caused the righteous indignation...

Snip

When President Obama needed a business executive to come to his campaign defense, Jim Sinegal was there.  The Costco co-founder, director and former CEO even made a prime-time speech at the Democratic Party convention in Charlotte.  So what a surprise this week to see that Mr. Sinegal and the rest of the Costco board voted to give themselves a special dividend to avoid Mr. Obama's looming tax increase.  Is this what the President means by "tax fairness"?

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Sinegal's DNC speech (Sep. 6, 2012):

Costco Co-Founder Jim Sinegal addresses the 2012 Democratic National Convention.

 

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