Union coalition calls for Kroger CEO’s removal amid buyback

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 announcement ...

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Union Coalition Calls For Kroger CEO’s Removal Amid 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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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 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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Dec 14, 2024 · Source: Reuters Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the …

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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 · (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 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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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 · (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 · (Reuters) – United Food and Commercial Workers local unions on Friday urged Kroger (NYSE: KR)’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 · 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 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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FAQs about Union coalition calls for Kroger CEO’s removal amid buyback Coupon?

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. ...

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 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. ...

Will Kroger resume share repurchases after the merger agreement is terminated?

Since Kroger has terminated the merger agreement, the company is in a position to resume share repurchases which was paused since the merger agreement in 2022, the company spokesperson added. (Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Pooja Desai and Shailesh Kuber) ...

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. ...

Why was the Kroger & Albertsons merger halted?

The potential $25bn merger between Kroger and Albertsons was halted in early December 2024 when a federal judge issued an injunction against the deal, citing concerns over reduced competition in the grocery market. ...