It looks like Rodney is giving back some of his money that he embezzled

Date: yesterday

It looks like Rodney is giving back some of his money that he embezzled

Date: yesterday

Anonymous wrote:
Case in point.
https://www.cincinnati.com/story/money/2025/03/04/kroger-filings-show-severance-details-after-ceo-rodney-mcmullens-exit/81353430007/
Now I don't know what's happening at the other stores because of this, but the one I work at is getting a remodel that's been waiting thanks to his greed. And on an ironic note, my store is going to be cooking ribs every weekend. Coincidence? You tell me.

Last year we grilled ribs outside nearly every weekend from Easter until Autumn.

Date: yesterday

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"With his resignation on Monday over unspecified personal conduct, former Kroger CEO Rodney McMullen forfeited $11.2 million worth of unvested stock and options and any eligibility for a bonus for the fiscal year that just ended Feb. 1, according to company disclosures with the U.S. Securities and Exchange Commission.

Kroger did not disclose exactly what brought about McMullens departure, but said his conduct "was inconsistent with Krogers policy on business ethics."

One of the highest-paid CEOs in the Greater Cincinnati region, McMullen, 64, was paid $15.7 million in 2023, including nearly $673,000 in non-equity incentive pay (a cash bonus tied to performance), according to Krogers proxy.

Krogers proxy stated McMullen and its top executives arent covered by individual employment contracts. Instead, Kroger has an employee protection plan that covers all of our (non-hourly) management associates and certain administrative or technical support personnel not covered by a union contract who have worked at least a year with the company.

An Enquirer review of Krogers proxy reveals further details of McMullens exit:

He might have kept another $6.3 million worth of stock and options had he been able to delay his resignation eight days when several tranches of equity awards were set to vest by March 11 (based on the $62.89 closing price of Kroger stock on Monday).
He may have lost millions in potential bonus pay: In 2021 and 2022, McMullen collected more than $4 million from the incentive plan each year.
McMullen was allowed to keep $14.7 million worth of stock and options that were vested as of his March 3 resignation.
The terms of McMullens resignation appear harsher than for a typical voluntary termination or retirement as the companys employment plan for managers generally allows the unvested stock and options for outgoing employees, who are at least 62 and have five years service, to continue to vest."

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Retribution for the failed merger, or sloppiness in psychopathic greed?

Or the Cambodia thing?

If only he had union representation.