Shareholders tell Kroger to reveal median pay by race and gender

June 23, 2023

George Anderson

Kroger shareholders approved a non-binding measure asking the grocery giant to reveal its workers’ median pay by race and gender. The proposal was supported by 51 percent of Kroger’s shareholders.

Shareholders Might Affect Kroger Stock 

Create an account. Enjoy even more savings with a digital account.
It’s no secret that company activity can affect its stock prices, and that’s why there’s a possibility that a recent shareholders meeting might do just that.  And Kroger is no exception to that.
This comes at a time where this already plenty of controversy over an ongoing Kroger Albertsons merger.
According to USAtoday, “Kroger shareholders on Thursday approved a nonbinding measure asking the grocer to disclose median pay of workers by race and gender” and, “the investment group said such disclosures by companies would help America close pay gaps, noting its own research found Black workers in the U.S. earn 64% of what white workers are paid and women earn 83% of what men are paid.”
The outcome of this move could have a positive or negative effect on Kroger stock, depending on the findings. In any case, this move is a step toward more equal pay for all Kroger employees, and will most likely result in more support from within.
For more insight into the Kroger brand, read all about its CEO Rodney McMullen.
Also, be sure to check out the recent update to using Apple Pay at your local Kroger.

Recent News

Massive Data Breach Hits Ticketmaster, Affecting 560 Million Customers

Ticketmaster has fallen victim to a significant cyber-attack, potentially compromising the data of up to 560 million customers. The breach was confirmed by Ticketmaster’s parent company, Live Nation, which revealed that a notorious hacking group, ShinyHunters, is behind the attack. The hackers are demanding a ransom of approximately £400,000 to prevent the data from being sold on the dark web.

Toyota Recalls 100,000+ Tundra and Lexus LX SUVs Over Engine Debris Issue

Toyota has announced a recall for over 100,000 Tundra pickups and Lexus LX SUVs in North America due to potential engine issues caused by machining debris. This recall affects certain 2022-2023 models of the Tundra and LX, which are equipped with the new V6 twin-turbo engine. The V6 twin-turbo engine has faced considerable scrutiny regarding its reliability, especially when compared to the previous naturally aspirated V8 engines.

Wordle and Worldle Battle Over Names

A legal dispute has erupted between the wildly popular word game Wordle and the lesser-known geography game Worldle, centering on the similarity of their names. Wordle, which was developed by Josh Wardle in 2021 and later acquired by the New York Times in 2022 for a substantial sum, has gained immense popularity. In this game, players have six attempts to guess a five-letter word. 

FDA Issues Recall for Crecelac Goat Milk Infant Formula

The U.S. Food and Drug Administration (FDA) has issued a safety alert regarding Crecelac Goat Milk Infant Formula and other infant formula products imported and distributed by Dairy Manufacturers Inc. The alert highlights Cronobacter contamination concerns with Crecelac Infant Powdered Goat Milk Infant Formula. Although Dairy Manufacturers Inc. initiated a recall on May 24, 2024, due to non-compliance with FDA regulations, new findings of Cronobacter contamination have prompted further action.