Content about CEO and cofounder

September 7, 2012

President Barack Obama's re-election bid got a dose of support from the cofounder of one of the country's largest retailers, according to published reports.

NEW YORK — President Barack Obama's re-election bid got a dose of support from the cofounder of one of the country's largest retailers, according to published reports.

Speaking at the Democratic National Convention, former Costco Wholesale CEO and cofounder Jim Sinegal said Obama "understands what the private sector needs to succeed," The Seattle Times quoted the co-founder of Issaquah, Wash.-based Costco as saying.