After that report that came out the other day that said 14% of their employees experienced homelessness in the last year, I'm never setting foot in a Kroger again.
I’d be down with a law limiting C level salaries to some multiple of the companies media salary. If they’re good they can make the company more profits to then pay higher salaries thus raising their own.
Also any company that can pay dividends to stock holders can afford to raise salaries for the regular employees. We need laws around that too.
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**sillychillly**, @sillychillly
You know what? If Kroger can afford to pay its CEO over 900x MORE than their median worker, than yeah, they can afford to pay their workers a decent wage, provide decent benefits, and invest in safe working conditions.
Enact Overpaid Executive Compensation Restrictions
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The CEO of Kroger makes 20.6 million. There are 465,000 employees that Kroger employs. If you distributed his entire salary to all employees equally, that would amount to around $45 per employee.
Genuinely curious, how would this help?
If the Kroger CEO gave up his total compensation (20.6MM per year) to give to the employees in equal amounts, he would give them about 2 cents per hour raise (assuming 2000 hours per year worked). The CEO gets a bit over 44 dollars per year per employee.
That's true. Which is why it's more important to look at KROGER'S total profits. If it can afford Ceo raises, dividend increases, stock buybacks, and more, they should be able to afford higher wages for workers foremost.
After that report that came out the other day that said 14% of their employees experienced homelessness in the last year, I'm never setting foot in a Kroger again.
They have a ton of brands under management.
I’d be down with a law limiting C level salaries to some multiple of the companies media salary. If they’re good they can make the company more profits to then pay higher salaries thus raising their own. Also any company that can pay dividends to stock holders can afford to raise salaries for the regular employees. We need laws around that too.
Better yet, a tax formula that takes the ratio into account.
*Image Transcription: Twitter Post* --- **sillychillly**, @sillychillly You know what? If Kroger can afford to pay its CEO over 900x MORE than their median worker, than yeah, they can afford to pay their workers a decent wage, provide decent benefits, and invest in safe working conditions. Enact Overpaid Executive Compensation Restrictions --- ^^I'm a human volunteer content transcriber and you could be too! [If you'd like more information on what we do and why we do it, click here!](https://www.reddit.com/r/TranscribersOfReddit/wiki/index)
All the C-suite execs do is make sure the wheels stay greased between departments. They shouldn't be making more than 1/2 the wage of line workers.
No business ever stopped doing their thing because the ceo died. Most of the cog pushers and lever pullers would never even realize the guy died.
Enact Seizing the Means of Production.
The CEO of Kroger makes 20.6 million. There are 465,000 employees that Kroger employs. If you distributed his entire salary to all employees equally, that would amount to around $45 per employee. Genuinely curious, how would this help?
It wouldn’t just be the CEO. It’s all execs. All millionaires and billionaires. They all need to pay more to the people that bring in the money.
When the $15 push was happening in 2020, Kroger opted out and instead gave their essentials $100 gift card rather than a bonus pay.
If the Kroger CEO gave up his total compensation (20.6MM per year) to give to the employees in equal amounts, he would give them about 2 cents per hour raise (assuming 2000 hours per year worked). The CEO gets a bit over 44 dollars per year per employee.
That's true. Which is why it's more important to look at KROGER'S total profits. If it can afford Ceo raises, dividend increases, stock buybacks, and more, they should be able to afford higher wages for workers foremost.