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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Union Coalition Calls For Kroger CEO’s Removal Amid Buyback

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A faction of the US trades union United Food and Commercial Workers (UFCW) has called for the ousting of Kroger CEO Rodney McMullen in the wake of a controversial $7.5bn stock buyback …

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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 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 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 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 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 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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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 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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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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FAQs about UFCW Demands Kroger CEO Ousted Over Stock Buyback Coupon?

Should Kroger replace CEO Rodney McMullen?

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 $7.5 billion stock buyback plan after terminating a deal to buy Albertsons . ...

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. ...

Is ufcw's'stop the merger' initiative ill-timed?

The Stop the Merger coalition, spearheaded by several UFCW local unions, contends that the substantial buyback initiative is ill-timed, arguing that the company should prioritise investments in workforce enhancement, store maintenance and renovations. ...

Will Kroger resume its share repurchase programme after the merger?

The spokesperson noted that with the merger now off the table, Kroger is free to resume its share repurchase programme that had been on hold since the initial merger announcement in 2022. ...

Why did Albertsons Sue Kroger?

Albertsons then filed a lawsuit against Kroger, alleging a breach of contract that led to the deal's demise. 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. ...