UFCW Demands Kroger CEO Ousted Over Stock Buyback

Dec 16, 2024 · The United Food and Commercial Workers (UFCW) local unions have called for the immediate removal of Kroger CEO Rodney McMullen. This demand follows Kroger’s abrupt announcement of a $7.5 billion stock buyback after its failed merger with Albertsons.

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UFCW Demands Kroger CEO Ousted Over Stock Buyback

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Local Unions Group Seeks Ouster Of Kroger CEO After $7.5 Bln …

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Dec 13, 2024 · Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's …

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

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Dec 13, 2024 · (Reuters) -Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's …

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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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UFCW Union Calls For Ouster Of Kroger CEO McMullen - Cincinnati ...

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Dec 16, 2024 · 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 …

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

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Dec 13, 2024 · Kroger announced a new repurchase program later on Wednesday and said it intends to enter an accelerated share buyback program of about $5 billion of common stock. …

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

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Dec 13, 2024 · (Reuters) -Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's …

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Local Unions Group Seeks Ouster Of Kroger CEO After $7.5 Bln …

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Dec 13, 2024 · Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's KR board to replace CEO Rodney McMullen following the company's …

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

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(Reuters) -Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger’s board to replace CEO Rodney McMullen following the company’s announcement of a …

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

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Dec 13, 2024 · United Food and Commercial Workers local unions on Friday urged Kroger's KR board to replace CEO Rodney McMullen following the company's announcement of a $7.5 …

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Fresh Take: Albertsons Sues Kroger As Grocery Merger Falls Apart

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Dec 13, 2024 · 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 …

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

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Dec 13, 2024 · 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 …

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FAQs about UFCW Demands Kroger CEO Ousted Over Stock Buyback 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 UFCW oppose Kroger and Albertsons merger?

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 staffing, repairs and store remodels. Kroger and Albertsons terminated their $25-billion merger plan on Wednesday after a U.S. judge blocked the deal. ...

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 ...

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. ...

Why are UFCW's massive shareholder payouts so high?

“The massive shareholder payout towers above the commitments the company had promised to reduce prices for consumers and to invest in wages during the recent merger fight,” according to a statement released Friday from UFCW. ...