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Kroger CEO Rodney McMullen forfeited $11.2M after quitting

Rodney McMullen, the current former CEO of supermarket giant Kroger, who resigned after an investigation into his personal behavior, was $11.2 million had to be confiscated With undetermined stocks and options, according to government submissions. Recently, McMullen had to give up bonus qualifications for the fiscal year ended February 1st Disclosure with the Securities and […]

Kroger ousts longtime CEO following ethics probe over ‘personal conduct’

Kroger said on Monday that longtime chief executive Rodney McMullen resigned after an investigation into his personal actions revealed a contradiction with the food chain's ethical policies. The company said it had recognized “specific personal behavior” by McMullen on February 21 and obtained an independent lawyer to immediately begin an investigation. Kroger declined to comment […]

Kroger CEO Rodney McMullen Ousted Following Personal Conduct Allegations

Kroger's chairman and CEO Rodney McMullen resigned on Monday after an internal investigation of his personal conduct. Kroger said the investigation was business-free and no peers involved, but McMullen's actions were “contradictory to Kroger's policies on business ethics.” press release. McMullen has been working for the company since 1978. According to Go to the company […]

Kroger ousts CEO after investigation

Government waste, doge, inflation Kroger Co. CEO Rodney McMullen has stepped down from his post following an investigation into his personal conduct, the company announced Monday. In a statement, Kroger said that McMullen's actions were “unrelated to business” but still “contradicts Kroger's policies on business ethics.” The removal of McMullen comes months after Kroger ended […]

Kroger agrees to pay $110M to Kentucky in opioid settlement

Kroger Co. has agreed to pay $110 million to Kentucky to settle a lawsuit filed last year alleging it injected millions of doses of opioids into the state over more than a decade. Kentucky Attorney General Russell Coleman (R) announced Thursday that the settlement pays Kroger for its “role in the devastating drug crisis.” “Kroger […]

FTC Alleges Top Liquor Distributor Favored Costco, Kroger, Others

The Federal Trade Commission (FTC) alleges in a lawsuit Thursday that America's largest distributor of wine and alcoholic beverages engaged in illegal price discrimination by giving advantages to large chains over independent grocers. did. FTC complaint claim Southern Glazer's Wine and Spirits, the nation's 10th largest privately held company, deprives small businesses of access to […]

Albertsons sues Kroger, terminates massive grocery merger

Albertsons sued Kroger after a U.S. judge blocked the supermarket giant's merger, alleging that Kroger failed to use “best efforts” and take “all actions” to obtain regulatory approval. In addition to a $600 million termination fee, Albertsons is seeking “billions of dollars in damages from Kroger to put Albertsons and its stockholders in a healthy […]

Albertsons abandons merger and sues Kroger

Albertsons announced Wednesday that it plans to terminate its $25 billion merger agreement with Kroger and sue the grocery giant, accusing Kroger of not working hard enough to reach the deal. Judges in Washington and Oregon on Tuesday handed the deal a victory for federal regulators and consumer advocates who argued that the merger could […]