Word: kroger
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Dates: during 1940-1949
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...list of high salaries made public last week by the Securities & Exchange Commission, the name of Harry W. Bracy led all the rest. As a branch manager in Carbondale, Ill. (pop. 10,400) for Kroger Co. grocery chain, Bracy's pay for 1946 was $380,000, including a bonus of $355,733. Farther down on the list were his bosses: Charles M. Robertson, chairman of the board, $100,000; Joseph B. Hall, president, $72,308. Kroger Co. stated that Bracy's bonus was due in part to "his ability as a branch manager and in part to unusual...
...tall, middle-aged Harry Bracy sold Kroger his chain of some 30 Thrift Stores for $1,000,000. He took a vacation trip to New York, where his chief dissipation was a ride on a rubberneck bus. Then he went back to his one room and bath in Carbondale's Roberts Hotel. Kroger soon found that business in the former Thrift Stores territory was dropping off. The company called in Bracy, by then bored at separation from his beloved stores. He told Kroger: "Give me a salary plus percentage of sales and no limit." Kroger agreed and put Bracy...
...lower prices. If that was a crime (and the court ruled that it was) then every other chain store and large industrial company which reduced prices by integrating its operations was equally guilty. (Indictments, almost identical with the one returned against A. & P., have already been filed against the Kroger Co. and Safeway Stores, Inc., next two largest U.S. retail food chains...
Many a chain store, anxious to cash in on good will rather than quick profits, tried to hold the line. In the Midwest the giant Kroger chain (2,688 stores) boosted its prices on meat and butter only the amount of the lost Government subsidies: 7? a Ib. on beef, 15? on butter. But Kroger's able, friendly President Joseph B. Hall sadly admitted that the company has taken heavy losses in these items to hold the line even this much. It was also having a hard time replacing its depleted stocks at ceiling prices. Unless there was overall...
...KROGER Grand Island...