Giant Eagle (back to the days of david) was built off of the backs of some very hard working people who many of times were creative and got things done. They always got a lot done with small teams and while rarely leading the industry with ideas, was always fast in their efforts to respond to industry leaders. When you work for Giant Eagle, you take it personal and feel as though you are part of the bigger picture and part of the family.
The unfortunate thing is, the far cats on the ELT don't see you as part of their family. You are just a tool to help them earn their million dollar paychecks. They will work you to the bone and milk you for everything you have. They'll thank you for missing family and personal events for the good of the company because it helps them hit their bonuses. These guys at the VP level cash in about 80% bonus payouts (40% bonus + 40% LTI). So you can do the math on how much they make. Cutting you and your low 6 figure salary is well worth it for them to cash in.
The other part thag hurts is their arrogance. They treat the company as if it's the only place you can work. That you won't survive at another company and will eventually come back begging for your job back. This attitude actually is believed by many employees and they don't think they can get a job outside of GE that pays them this well (see a post a few down from this). What you all who still work there is, you are smart and hard working and other companies will be happy to take you on. With hard work, you'll be successful at any company you go. Every company has it's +'s and -'s, but you don't have to stay locked in to GE if you are not happy. Life is too short.
@axeo+1pqstX4s makes an excellent point.