Why Costco’s CFO Stayed at the Company for 40 Years

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Richard Galanti is one of the longest-serving finance chiefs in the US. The 67-year-old became chief financial officer of Costco Wholesale Corp. in 1985 and has held the role ever since. As he prepares to step down on March 15 after nearly 40 years, Galanti talks about why he stuck around so long, how his role has changed and, of course, the fate of the $1.50 hot dog and soda combo.