Loblaws Gives $1.2 Million Raise To Help CEO Afford Groceries

Toronto - The struggling grocery chain, who stated on Twitter they only see a 4% return on sales, says they’ve given their underpaid CEO Galen Weston a nearly 12% raise, bringing his new yearly salary to $11.79 million.

The CEO and heir to the Weston family fortune says prior to this raise his net worth was just $14.2 billion and he was having difficulty putting food on his family’s table. Now, with the addition $1.2 million, he is able to ensure his family only eats wagyu beef, not conventional farm raised beef.

Recognizing the rising cost of food inflation, Loblaws felt it was important to ensure their most important employees were able to still eat. By giving Weston more money and ensuring their other employees starved to death, Loblaws can rest assured their will be plenty of food for their CEO.

Loblaws says this raise is also due to Weston behaving come back onboard full time with Loblaws in 2022, having quit his nonprofit working with other adults who also don’t have chins.