Kroger and Albertsons claimed they wanted to merge into one grocery giant in order to keep prices low.
But after the merger was blocked, they approved spending a combined $10 billion on stock buybacks.
They each paid their CEOs over $15 million in 2023, by the way.
Hello?
But after the merger was blocked, they approved spending a combined $10 billion on stock buybacks.
They each paid their CEOs over $15 million in 2023, by the way.
Hello?
Comments
The #Albertsons merger with #Safeway resulted in lots of closed stores (being sold off, some to Hagen, which promptly went out of business), lost jobs and fewer choices.
Tax greedy corporations!
Stop the merger!