July 18, 2024

AndronETalksNews

AndronETalksNews

Big Food, Big Profits, Big Lies

Portside

June 10, 2024

By Veronica Riccobene

As food costs have skyrocketed for Americans, some of the country’s biggest chains and grocery brands, including General Mills, PepsiCo, and Tyson, have blamed the price hikes on supply chain issues and economywide inflation. But behind the scenes, these companies have expanded profits and quietly authorized billions of dollars in lucrative stock buyback programs and dividend payouts to shareholders.

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