EdgeIn more news which is happening all over #America (and much of the world) our local almost-monopoly on groceries has rewarded their #CEO and #BoardChair with obscene compensation, which their workers can't afford to live.
#Asheville has some of the least-affordable housing in our state of #NC, and people are struggling.
The price of #groceries has skyrocketed over the past now 5 years, the pandemic giving everyone along the supply chain cover to profiteer.
But by all means, let's have #Ingles take care of those at the top.
Per the #AshevilleWatchdog:
https://avlwatchdog.org/ingles-ceo-gets-31-raise-board-chair-6-6-million-bonus/
Ingles CEO gets 31% raise; board chair, $6.6 million bonus
Soaring food prices have put a significant dent in consumers’ wallets, but for executives of the Black Mountain-based Ingles Markets corporation the past three years have been a banquet. Total compensation for Ingles Chief Executive Officer and President James W. Lanning increased 55 percent, to $3.3 million in 2023 from $2.1 million in fiscal year […]