by American Economic Liberties Project Looks like things are being said that are not legally enforceable. Let me see . . . Deleted emails, Albertson’s CEO can walk away with a $40-something million bonus if he can close the deal, a special dividend to private equity investors worth $4 billion and paid with borrowed money, […]
More on the FTC investigating Albertsons and Kroger as to whether they are truly competitors. The issue being how much of the market-controlled now by each and what would result after Kroger acquires Albertsons. Both the FTC and Unions argue “FTC argues different stores have different use cases. FTC lead attorney Susan Musser noted “you […]
Last week CEO Vivek claimed most of his text messages were automatically deleted. Also and previously investigators were show messages going back and forth between players in this issue. Investigators asked those messages be kept. Apparently, those too have disappeared or portions of them have. It appears Albertsons has been milked by private entities Cerberus […]
I just finished reading “America for Americans: A history of xenophobia in the United States” by Erika Lee. It is an unsparing analysis of the way xenophobia is woven into the fabric of American law and culture. When you read “America for Americans,” does it conjure an image of native Americans asserting their rights to […]
Devastating Impact of Proposed Kroger/Albertsons Merger on Good Union Jobs Scrutinized in Day 3 of Merger Hearing, Economic Liberties Portland, OR — After the third day of the Federal Trade Commission v. Kroger-Albertsons hearing in the U.S. District Court for the District of Oregon, the American Economic Liberties Project released the following summary. As posted by Research […]
We have already posted on Grocery Stores artificially holding prices high and the use of another entity gathering those prices and supplying them to various entities. In day two, Kroger’s use of Albertson’s higher pricing to set their own pricing is a ” strategic avoidance of lowering pricing.” Read on, I will gather up Day […]
We have shopped at both stores and also Frys which is also a part of Kroger. Of the three, Ftys is less costly. Our Frys always seems to be out of product. We end up at Bashas to fill out the rest of or grocery shopping, or Sprouts which has excellent veggies, or make the […]
A fitting topic for Labor Day, 2024. Over at TPM, they have an extended discussion of the records of the Biden/Harris Administration vs the Trump/Pence administration regarding unions and workplace safety. Click the link to read the whole thing. I’ll keep the quotes here within fair use. “. . . three aspects of the candidates’ […]
I spent some time today adding to this piece in the hope of making it clear in explanation. What is occurring is many entities are using software which compares its pricing to what the market will bear. No one knows the others adding their data. However, the end result is what is being charged is […]
“FTC Previews Hard Evidence of Harms While Kroger and Albertsons Dangle Unenforceable Promises in Merger Hearing Opening Arguments,” Economic Liberties Kroger and Albertsons Dangle Unenforceable Promises in Merger Hearing Opening Arguments. Noteworthy in Day 1 of the hearing is Kroger uses Albertson’s pricing as the high mark to set its pricing between it and WalMart […]