Loblaws is Out of Control

George Weston, among others, has been ordered to compensate for the bread pricing scandal: https://www.cbc.ca/news/business/loblaw-bread-price-settlement-1.7274820. Again.

Without a word of a lie. To quote Galen Weston: This behaviour should never have happened," said Weston. "We have the privilege of serving Canadians from coast to coast. That privilege needs to be earned each and every day. Reaching a settlement on this matter was the right thing to do in response to previous behaviour that did not meet our values and ethical standard.

And, I remind People of Galen’s entitled smirk on TV and Youtube..

People may not remember Eaton’s, but Timothy Eaton’s relatives felt ENTITLED to the Pension money of Workers: https://www.cbc.ca/news/canada/eaton-s-workers-may-get-one-more-payday-1.662945. My late Aunt was one, and was appalled the family retained their fortune while the Workers who helped create it went without.

Anyhow, Eaton’s went bankrupt

So, Loblaw’s Staff is Great, but ALL of US helped create the Weston Family fortune, Empire’s monies, too, everyone else’s. This is BS: https://www.theglobeandmail.com/business/article-you-bought-bread-at-a-loblaw-store-heres-the-process-for-claiming-a/

Why do People have to APPLY for compensation? And, subsequently have to buy something in stores which, as a corollary, gives Westons, for example, yet more money?

LOWER grocery store prices substantially and keep them lower, so, EVERYBODY benefits. Do People realize demanding grocers be competitive is seen as a punishment?

Just cause I follow Reddit’s Loblaws is out of control: https://www.reddit.com/r/loblawsisoutofcontrol/. The only reason this compensation idea is in the news is to distract from Loblaw’s being investigated for invasion of privacy: https://www.cbc.ca/lite/story/1.7273382. That gets into data mining and the selling of information for yet more money.

The company just uses US, like cogs in a machine.

And, there is also the fact Loblaw’s malfeasance is causing its investors to lose money: https://www.reddit.com/r/loblawsisoutofcontrol/comments/1ebs8hp/loblaw_misses_quarterly_revenue_estimates_on_soft/ And, that brings up the difference between value investors, where the fact customers are not in store means something, and hedges who advocate share holder value and actual store usage for generation of wealth is irrelevant. Gets more complicated, but the latter one basically amounts to just giving money to investors. And, them getting a capital gains tax write-off.

Then that gets into Investors NOT being taxed on profits. So, unfair but not Loblaw’s sole fault—the Share Holder Value system.

Anyhow, the whole retail system is messed up because the 5 big grocers collude, hurting US. And, making it their profit model. That is a problem, yet again, government refuses to solve. I am not against the free market; I am against greed.

That is totally out of control.