Shareholders tell Kroger to reveal median pay by race and gender

June 23, 2023

Cincinnati Enquirer/USA Today

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