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Grocery CEOs deny all accusations, say profit mongering is not an issue

Canadian Manufacturing

All three companies posted higher profits in the first half of 2022 compared to their average performance over the past five years, according to a report last fall by the Agri-Food Analytics Lab at Dalhousie University. “The idea that grocers are causing food inflation is not only false, it’s impossible,” he said.

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Loblaw CEO Galen Weston receives raise, compensation becomes $8.4M

Canadian Manufacturing

million in total compensation in the 2022 fiscal year in his role at the head of Loblaw Companies Ltd. million in 2022, a nearly $1.1-million Weston’s total compensation from the two firms increased more than 11 per cent in 2022, while La Fleche’s went up seven per cent and Medline’s up 15 per cent.

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