The 2012 Bullpucky Man of the Year

Like a lot of companies, Costco is paying out a huge dividend to its shareholders before December 31 to avoid the tax increase on dividends effective January 1. In fact, the company borrowed $3.5 billion to do this and dropped its credit rating as a result. Not like a lot of companies, co-founder and former CEO Jim Sinegal spoke at the Democratic Convention about how the rich need to step up and pay their "fair share" and show concern for the long term health of their companies and not be "reap and run" executives. Sinegal pocketed a cool $14 million in the dividend payout and saved himself $4M in taxes by doing it before December 31. Way to go Jim! And for that, you are the Bullpucky Man of the Year for 2012!

www.nbcnews.com/business/costco-spend-3-billion-special-dividend-1C7316258