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James Sinegal

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Why Some Companies Are Not Accelerating Dividends

A bundle of companies, conscience of the looming fiscal cliff deadline, have been busy accelerating 2013 dividends to December. But what about those, including General Electric (NYSE:GE), that are paying them in January anyway?With a market cap of more than $300 billion, GE is the largest of a slew of recent companies to announce a dividend hike but still pay it in January despite a potential doubling in dividend taxes should the U.S. fail to resolve its fiscal issues.The decision could carry hefty financial consequences for shareholders.Assuming the Bush tax cuts expire at the end of this year, the rate a GE shareholder pays on dividend taxes could jump to 39.6% next year from 15%.So why are GE and a host of other companies including Pier 1 Imports (NYSE:PIR), CVS (NYSE:CVS), H&R Block (NYSE:HRB), Bristol-Myers Squibb (NYSE:BMY), Aetna (NYSE:AET) and Amgen (NASDAQ:AMGN), opting out of the acceleration trend?There are a wide variety of reasons, but perhaps the biggest is a lack of cash...

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  1. Costco CEO's legacy continues as he steps down

    By Jessica WohlCHICAGO (Reuters) - Jim Sinegal built a retail empire with a simple credo: don't overcharge for anything, not even hot dogs.Over 28 years, Sinegal tur...

  2. Irene Clouds Retailers' Back-to-School Sales

    Hurricane Irene drove away shoppers from U.S. clothing and department stores in the last week of August, weighing on monthly retail results, even as chains selling s...

  3. Costco CEO Sinegal To Leave; COO Jelinek Succeeds

    Costco (NASDAQ:COST) disclosed late Wednesday the departure of CEO and co-founder Jim Sinegal in 2012 and named his No.2 executive as his successor.The largest U.S. ...

  4. Early August Sales Higher Despite Hurricane Early August Sales Higher Despite Hurricane

    Some top U.S. retailers reported better-than-expected August sales, withstanding sagging consumer confidence and Hurricane Irene.Analysts expect the 25 retailers tra...

  1. The Key to Boosting Corporate Profits: Pay Employees More

    Last week, an image featuring former Costco CEO Jim Sinegal  touting Costco’s generous wages for employees went viral.In case you didn’t see the meme, it said, “Cost...

  2. Companies Beating Uncle Sam with Early Dividends

    Democratic strategist Doug Schoen on the practices of many companies that are paying out dividends early.

  3. America's Most Valuable CEOs

    There is a nearly endless number of criteria that measure how well CEOs perform, whether they are paid fairly, and what metrics should be used for determining chief ...

  4. Wolf on Why Obama is Better for Wall Street

    Former UBS Americas Chairman Robert Wolf weighs in on the Democratic National Convention, economy and President Obama.

  5. Costco Co-Founder: Obama Has Made Things Better

    Costco co-founder Jim Sinegal argues the President’s policies have helped the economy.

  6. Capt. Sully on Safety & Leadership

    Miracle on the Hudson pilot Captain Chesley “Sully” Sullenberger discusses his role as a leader in airline safety and other exceptional leaders featured in his new book.

  7. 3 Energy CEOs Stepping Down Next Year

    As the end of the year winds down, a handful of companies begin to prepare for an important transition: CEO succession. Energy companies in particular have been acti...

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