@lordkenneth.bsky.social
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Citizen at large. On my better days a seeker of truth, justice, goodness, decency, beauty, connection with nature, and gratefulness. Hubris, greed, consumerism, and predatory capitalism are among the greatest evils of our time.
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Kroger will lay off ~1,000 employees.
In December, it announced $7.5B in stock buybacks – which juice stock prices, enriching shareholders and boosting CEO pay.
Just so happens that Kroger's last CEO was paid 457x its typical employee in 2024.
Textbook corporate greed.
In December, it announced $7.5B in stock buybacks – which juice stock prices, enriching shareholders and boosting CEO pay.
Just so happens that Kroger's last CEO was paid 457x its typical employee in 2024.
Textbook corporate greed.
Reposted
Robert Reich
@rbreich.bsky.social
· Aug 21