'Corporate Greed New Low'...Kroger: #1 In Grocery Bus., World's 4th Largest Retailer

[appalachiablue]

Daily Kos, Feb. 4, 2021.

I try to be a responsible, albeit small-time investor and long ago dropped my investments in massive corporations that insist upon working overtime to make the world worse. Today, I added a hometown (Cincinnati) mega-firm to the ‘evil’ list. I sold my shares in Kroger, a company that ranks as #1 in the grocery business and is the 4th-largest retailer in the world. I encourage others to do the same. KR is their stock symbol. They obviously don’t need our money.

As you can read below, hundreds of Kroger employees are now out of work because the company won’t pay the extra $4/hour hazard pay that has been mandated in some areas of California. Few of us would argue that grocery workers are on the pandemic front-lines, daily risking illness and possibly death for themselves and their families.

Yet a corporation that used $1.6 Billion of its record revenue from booming sales during the ongoing pandemic to buy back their stock—how generous of them— can’t seem to justify paying the workers who helped make it possible. Kroger’s response: close stores and put the employees on the unemployment line wherever these ‘hazard pay’ mandates are in force. Note that this is not a permanent pay raise for their hourly workers, even though it probably should be, as it only applies for the next four months.

From CNN: "Since the pandemic began, Kroger has made billions in profits because of the sacrifices of grocery workers who have been putting their own health and safety on the line every day," UFCW International president Marc Perrone said in a statement. "Rather than provide the hazard pay these grocery workers have earned and deserve, Kroger decided to threaten these workers and the community’s access to food in the middle of a public health crisis."...

https://www.dailykos.com/stories/2021/2/4/2014027/-Corporate-Greed-Achieving-a-New-Low

[volstork]

1. I despise Kroger.

Their stores are dirty, and their store brand is awful. This puts the nail in the coffin for me with them.

[bamagal62]

2. I hate Kroger too.

And, unfortunately, they bought Marianos here in Chicago. Ruined those stores.

[Blue_playwright]

3. They are really good here in Kansas...

This makes me sad but I’ll cut back my shopping there and up it at Trader Joe’s and Aldi

[kacekwl]

4. No more Marionos for me.

Nope.

[malthaussen]

5. MAGA fool in next room is ranting about this right now... blaming the Democrats.

The libruls and workers are to blame, poor Kroger can't make a profit with these kinds of wages.

-- Mal

[AmyStrange]

6. The people who ACTUALLY do the hard work, ALWAYS get fucked!

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Thank for sharing
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