Article 6AH11 Chief of top Canadian grocery chain gets $1.2m raise amid criticism over prices

Chief of top Canadian grocery chain gets $1.2m raise amid criticism over prices

by
Leyland Cecco in Toronto
from on (#6AH11)

Raise brings Galen Weston of Loblaw Companies' pay to $11.79m last year amid outcry for raising prices during record inflation

The billionaire head of Canada's largest grocery chain has been given a C$1.2m raise, in a move likely to prompt controversy as grocery executives have faced sharp criticism for raising their prices amid record inflation.

The raise for Galen Weston, chairman and president of grocer Loblaw Companies, brought his total pay last year to C$11.79m. Details of the deal were first reported by the Globe and Mail.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/world/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments