Costco CEO compensation up in 2010

Issaquah, Wash. -- Costco Wholesale Corp. reported in a company filing that its president and CEO James Sinegal saw his total compensation rise 29% to $3.5 million for the 2010 fiscal year.



The warehouse club chain kept Sinegal's salary steady at $350,000 but rewarded him for the company's improved performance by more than doubling his bonus to $190,400, according to documents filed with the Securities and Exchange Commission.



For the 2010 fiscal year, Costco reported a 19% profit increase to $1.3 billion, and revenue rose 9.1% to $77.95 billion.