Quick Question:
As employee owners & stock holders why have you guys not voted your CEO out?
Why are the stock holders letting your CEO run the company into the ground as you say he is?
Just curious.
3 replies (most recent on top)
Employee ownership was limited to store director and above. The employee 401k had the largest block of stock, at 10-12%. Those shares are voted by the 401k plan, in proxy for the bulk of the employees.
Randy can only be fired by the board of directors, or by a direct vote of the stockholders (store directors and executive staff).
Privately held company that the CEO can put whatever yes men on the board looool
The only thing employee owned means that Hy-Vee stock is not traded publicly. The employees that are the backbone of this company, have no say in what goes in the day-to-day running of this company. Store directors and anybody above them can buy stock but the rest of us little peons cannot. Randy Edecker has made tens of millions of dollars in mess ups and decisions starting with wahlberg's, building mega stores in Minneapolis region when he had hundreds of stores that made the money for the company that they let rot and and run into disrepair.Randy etaker needs to be fired and whoever can do that needs to have the balls to get it done