Costco subpoenaed over stock option practices
- Share via
A federal grand jury has issued a subpoena over Costco Wholesale Corp.’s stock option granting practices after an internal investigation found “imprecisions” with stock grants last year.
Costco officials said the company would cooperate fully with the federal inquiry, which it said came from the U.S. attorney’s office in Seattle.
Issaquah, Wash.-based Costco, the nation’s largest wholesale club operator, is among more than 200 companies that have disclosed federal or internal investigations into their stock option practices.
Company officials declined to comment further Monday.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
