It's Thursday, September 1st, and this is Market Fullery.

I'm Chris Hill and joining me in studio today for a million dollar portfolio, Ron Gross,

from Motley Fool Inside Value Joe Maker, and from Motley Fool Hidden Gems, Charlie Travers.

Guys, good to see you.

That's right.

We have bad news for the Daily Deal businesses,

but first, Costco announced last night

that CEO Jim Synigal will step down as of January 1st.

Synigal is 75 years old. He founded Costco in 1983 and took over as CEO in 1988.

Ron Gross, I will start with you. I think it is safe to say over a CEO in 1988.

Ron Gross, I will start with you.

I think it is safe to say that Jim Cinegal

is on our short list of our favorite CEOs here at the Molly Full.

Without a doubt, we even have a conference room

named after him at Fool HQ and we talk about him often as an example of a

You have a total man crush on him. He is one of my favorites. I talk about him often. He's a great example of a CEO that cares about his employees, his customers, and his shareholders. It's quite frankly, I'm kind of bummed out. It's a sad day, you know, he couldn't stay forever. He was going to leave at some point. We knew he would.

I think luckily for us, the way he does business has permeated that organization and

it will not turn into something else in his absence but

I'm sorry to see him go. Charlie your thoughts on Senegal and his legacy?

Created a ton of value for shareholders I dug up the numbers off their website when they

I p.

In 2005 split adjusted the shares would be worth a buck 67 back then.

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