25,000,000 Bonus
I am a long-time former employee at Meijer. I just heard from a reliable source that Rick Keys the President and CEO of Meijer received a $25,000,000 Bonus. This is in addition to his annual salary which is probably many millions of dollars a year. If this is true it is beyond excessive to give a regional grocery chain that kind of bonus. Meijer has 240 stores which is small compared to Kroger or Alberson's who each have several thousand stores. Instead of giving Rick Keys all that money maybe the company should have given that 25M to all of the 70,000 employees which would be a one-time bonus of $357 dollars especially since Meijer is one of the lowest paying grocery chains in the U.S. If the company paid Rick Keys 25M, can you imagine how much money the Meijer brothers must have made. Does anyone have any knowledge of this?