These millionaires seemingly can’t afford to pay their workers living wages and provide benefits.
When did we go from being a nation that cared about its people and businesses that cared about their employees to a bunch of asshats?
Supermarket Swindle: The Facts
Ralphs, Vons and Albertsons made record profits last year.
• Ralphs/Kroger: $3.4 billion
• Vons/Safeway: $2.6 billion
• Albertsons/Supervalu: $2.3 billion
The CEOs of Ralphs, Vons and Albertsons are collecting record bonuses for the success of the supermarkets. Details below are from 2005. On the same day that the supermarkets threatened to lock out their employees, it was announced that Steven Burd, CEO of Vons/Safeway would receive an $11.5 million bonus package for 2006.
2006 Bonus Packages:
• David Dillon (Ralphs/Kroger): $8.3 million
• Steven Burd (Vons/Safeway): $7 million
• Jeffrey Noddle (Albertsons/Supervalu): $11.9 million
Watch Robert Greenwald’s latest video Supermarket Swindle here.
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