Costco's CEO just shared a surprising response to a warehouse unionizing

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A composite image showing Costco's Ron Vachris and the exterior of a warehouse.
"The fact that a majority of Norfolk employees felt that they wanted or needed a union constitutes a failure on our part," CEO Ron Vachris wrote in a letter with former CEO Craig Jelinek.

Costco (Vachris); Eric Thayer/Getty Images (warehouse)

Costco's outgoing CEO made 336 times the median worker's pay — a lower ratio than Walmart and Target

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Costco CEO W. Craig Jelinek
Costco's Craig Jelinek received $16.8 million in compensation for his final year as CEO.

Nati Harnik/AP

The life and career of departing Costco CEO Craig Jelinek, who's worked at the retail giant since the '80s – and eats its famous $1.50 hot dog plain

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Costco CEO W. Craig Jelinek
Costco CEO Craig Jelinek will step down after more than a decade in the role.

Nati Harnik/AP

Costco CEO Craig Jelinek stepping down after a decade in the role

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Costco CEO W. Craig Jelinek
Costco CEO Craig Jelinek greets a guest during a ribbon cutting event in 2019.

Nati Harnik/AP

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