Posted 2/27/2024, 7:23:00 PM
Kellogg's CEO Faces Backlash Over Suggesting Cereal for Dinner to Ease Inflation Strains
- Kellogg's CEO suggested consumers eat cereal for dinner to deal with high food costs, landing him in controversy
- In 2022, Americans spent 11.3% of disposable income on food, highest since 1991
- Pilnick said cereal is affordable and a "great destination" when budgets are tight
- Consumers criticized Pilnick's comments as insensitive to people struggling with inflation
- As CEO, Pilnick earns $1 million base salary and over $4 million in incentives