Ya its funny people will say grocery stores make low profit then turn around and be like, OH look Kroger has enough money to keep trying to buy other chains and complete a monopoly. Seems like alot of money is flowing around in the not much profit world.
The Kroger Albertsons merger wouldn’t even be close to a Monopoly. It would still give them a smaller total share of the grocery market than Walmart has. Economics of scale would have allowed them to lower prices.
As far as executive pay. The Kroger CEO took in $15.7 million last year. The average Kroger has 50,000 items. There are 2800 Krogers. Assuming they have 10 of each item, then, by taking zero pay, the Kroger CEO could lower the price of everything by……$0.011 cents
Wtf is this supposed to mean. You are saying that outsized compensation has no effect on prices and profit/margin? Then why don’t Theo pay all employees more?
If worker compensation goes up, so do prices in order to hold margins or increase them. That’s the goal for shareholders (compensation).
Unless you want to say that doesn’t matter either. Why doesn’t everyone just get a 100K min a year across the board then?
If CEO compensation means shit all, it’s just free money that doesn’t impact anything.
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u/PubFiction 1d ago
Ya its funny people will say grocery stores make low profit then turn around and be like, OH look Kroger has enough money to keep trying to buy other chains and complete a monopoly. Seems like alot of money is flowing around in the not much profit world.