Union calls on Kroger board to fire CEO Rodney McMullen

Dec 16, 2024  · The union representing Kroger's grocery store workers is calling on the company's board of trustees to replace CEO Rodney McMullen. The United Food and Commercial …


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Local Unions Group Seeks Ouster Of Kroger CEO After $7.5 Billion ...

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The UFCW local unions that led the “Stop the Merger coalition” argued that the “abrupt” and “massive” share repurchase program comes at a time when Kroger needs investments in …

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UFCW Demands Kroger CEO Ousted Over Stock Buyback

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Dec 16, 2024  · Union Leaders Demand Change of Kroger CEO. Union officials pointed to McMullen’s track record, including staffing cuts and the failed $1 billion Ocado warehouse …

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Union Opposes Kroger’s $7.5B Stock Buyback Plan, Calls For CEO’s …

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Dec 13, 2024  · The challenges for Kroger continued on Friday in the wake of its failed merger with Albertsons, with unions opposing a $7.5 billion stock buyback planned by the Cincinnati, Ohio …

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Local Unions Group Seeks Ouster Of Kroger CEO After $7.5 Billion ...

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Dec 13, 2024  · Local unions group seeks ouster of Kroger CEO after $7.5 billion buyback plan. Stock Markets. Published 12/13/2024, 12:19 PM. Updated 12/13/2024, 01:15 PM.

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Local Unions Call On Kroger's Board To Replace CEO After $7.5 …

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Dec 13, 2024  · BofA Securities Raises Price Target on Kroger to $75 From $70, Keeps Buy Rating Dec. 20: MT ... Kroger Union Demands CEO Step Down After Launch of $7.5 Billion …

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Local Unions Call On Kroger's Board To Replace CEO After $7.5 …

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Dec 13, 2024  · (Reuters) – United Food and Commercial Workers local unions on Friday urged Kroger’s board to replace CEO Rodney McMullen following the company’s announcement of a …

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Kroger Union Demands CEO Step Down After Launch Of $7.5 …

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Dec 16, 2024  · Kroger Union Demands CEO Step Down After Launch of $7.5 Billion Stock Buyback 07:27am: MT Tranche Update on The Kroger Co. (NYSE:KR)'s Equity Buyback Plan …

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Kroger Union Demands CEO Step Down After Launch Of $7.5 …

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-- Kroger Co 's abrupt $7.5 billion stock buyback after failing in its bid to merge with Albertsons is being strongly opposed by certain locals of the United Food and Commercial Workers …

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Kroger Faces Union Backlash Over CEO And Stock Buyback Plans

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Kroger faces union opposition over a $7.5 billion stock buyback and calls for CEO Rodney McMullen's replacement after a failed merger with Albertsons. What does this mean? Kroger's …

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Kroger's $7.5B Buyback Gamble: What Investors Need To Know …

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Dec 13, 2024  · Kroger (NYSE:KR) just hit the market with a $7.5 billion bombshell, announcing a massive stock buyback program after officially pulling the plug on its $24.6 billion Albertsons …

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Transcript : The Kroger Co., Q3 2025 Earnings Call, Dec 05, 2024

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Dec 5, 2024  · BofA Securities Raises Price Target on Kroger to $75 From $70, Keeps Buy Rating Dec. 20: MT ... Kroger Union Demands CEO Step Down After Launch of $7.5 Billion Stock …

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Why The Kroger-Albertsons Merger Was Blocked - Forbes

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Dec 11, 2024  · In 2020, Walmart and Kroger saw windfall profits as the economy shut down, adding $45 billion to the Walton family wealth and 2 billion dollar rounds of Kroger stock …

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The FTC Ruling Killed The Kroger-Albertsons Merger. What's Next ...

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4 days ago  · Kroger and Albertsons have long been planning their union, a $24.6 billion deal first rolled out in 2022. Now that the marriage is officially off – terminated by both as part of the …

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JPMorgan Adjusts Kroger's Price Target To $71 From $69, Keeps ...

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19 hours ago  · BofA Securities Raises Price Target on Kroger to $75 From $70, Keeps Buy Rating Dec. 20: MT ... Kroger Union Demands CEO Step Down After Launch of $7.5 Billion …

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The Kroger Co. - Kroger Cincinnati, Dayton, And Northern …

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May 26, 2021  · Ratified agreement brings $159 million in wage increases Krogers (NYSE: KR) Cincinnati-Dayton division and United Food and Commercial Workers Union Local 75 …

kroger.com

FAQs about Union calls on Kroger board to fire CEO Rodney McMullen Coupon?

Does Kroger need a replacement for CEO Rodney McMullen?

The union demands Kroger replace CEO Rodney McMullen immediately. Kroger's failed merger with Albertsons prompted the union's call. The union criticizes McMullen's $7.5 billion stock buyback plan. ...

Why are Kroger workers calling for McMullen's $7.5 billion buyback plan?

Kroger's failed merger with Albertsons prompted the union's call. The union criticizes McMullen's $7.5 billion stock buyback plan. The union representing Kroger's grocery store workers is calling on the company's board of trustees to replace CEO Rodney McMullen. ...

Why did Kroger's stock jump over 24% in pre-market trading?

They're loving it. Kroger's stock jumped over 2.4% in pre-market trading, signaling confidence in the company's pivot. CEO Rodney McMullen framed the buyback as a strategic move to drive shareholder value, citing Kroger's $150 billion in 2023 sales and its dominant omnichannel model as reasons for optimism. ...

Did Kroger announce a $7.5 billion stock buyback?

That latest development is breaking this morning, after Kroger announced a massive $7.5 billion stock buyback just one day after the merger was blocked. That large amount is approximately 10 times the value of what Kroger had promised to put toward price reductions at its grocery stores. ...

Could a failed Kroger deal have reshaped the grocery business?

The failed deal, blocked by U.S. courts over antitrust concerns, ends a two-year saga that could've reshaped the grocery business. Now, Kroger's doubling down on what it knows bestplaying to its strengths, flexing its balance sheet, and handing capital back to shareholders. ...

Why did Kroger halt share buybacks after UFCW merger?

Kroger denies how UFCW characterized its actions’ intent, citing “ongoing investments in lower prices and higher associate wages.” Kroger noted that share buybacks were halted for the two years the merger was in the works. Things are getting heated! More to come! — Chloe Sorvino, Staff Writer ...

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