By Alexander Coolidge
Kroger CEO Rodney McMullen’s 2020 compensation package jumped to $20.6 million, the nation’s largest grocer disclosed in a government filing.
McMullen got a $6.4 million raise – more than 45% – as he steered the supermarket chain with stores in 35 states through the COVID-19 pandemic last year. His total compensation in the previous year was $14.2 million, according to the Associated Press’ methodology for executive compensation that excludes pension value changes.
But pay for the typical worker actually dropped 8.1% in 2020 as Kroger hired tens of thousands of new workers to handle the added workload. Median pay at Kroger slid more than $2,000 to $24,617.
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