Costco Has New Board Member

As a (tiny) Costco shareholder, I know I should care about this, but it’s more fun writing about the receipt checker drawing cartoons on your receipt. Anyway, Costco has a new member of the Board of Directors:

Costco Wholesale Corporation (NasdaqGS:COST – News) today announced the election to its Board of Directors of Jeff Raikes, chief executive officer of the Bill and Melinda Gates Foundation. At the foundation, which he joined in September 2008, Raikes sets strategic priorities, monitors results, and facilitates relationships with key partners for all of the foundation’s program groups. Until August 2008, Raikes was a member of the senior leadership team at Microsoft Corporation, where he had spent over twenty-five years. As president of the Microsoft Business Division, Raikes built a strong team of leaders and transformed the Information Worker business, delivering dramatic growth in the company’s business productivity line and nearly doubling revenues to more than $16 billion annually.

I’ve never heard of him, but I have heard of Microsoft! And I’ve heard of Bill Gates, too! And Bill Gates’s wife! So this sounds like a good thing.

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