WEST SACRAMENTO, Calif. — Raley's here eliminated over 150 positions from its corporate offices on Friday, one week after it said it was eliminating five of its top executives. In a message to Raley's employees, Michael J. Teel, president, said, "This restructuring process has concluded." In announcing the cutbacks, Teel said he elected to take a 50% decrease in his own salary "because I believe that organizational change must begin at the top and that leadership should not be immune to its ...
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