CEO of the year -- Craig Jelinek of Costco
Here's a look at some of the best in the business for 2015.
It was a terrible year for retail stocks. Nearly every major brick-and-mortar chain got bowled over by Amazon.
But not Costco (. Its stock rose more than 15% and is near its all-time high. That's one reason why Costco CEO Craig Jelinek is our choice for CEO of the year. )
Sure, we could have given this award to other CEOs whose stocks had even better years.
Netflix's ( Reed Hastings, )Facebook's ( Mark Zuckerberg, )Alphabet's ( Larry Page and )Nike's ( Mark Parker come to mind. So does Jeff Bezos at Amazon. )
But here are some other reasons why Jelinek and Costco stand out.
The bold decision to drop American Express ( as its co-branded credit card provider in exchange for )Visa ( and )Citi ( could lead to more members since Visa is more widely accepted at retailers than AmEx. )
Boosting its organic offerings even further has allowed Costco to steal market share from Whole Foods ( ... and )Walmart (. )
And those bargains! The low prices are what makes Costco Amazon-proof.
Costco continues to give its members huge deals for bulk items that make the $55 annual fee worth it. More than 90% of Costco shoppers renew their memberships.
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