Robert Edwards, president and CEO of Safeway, is doing the job for which he was hired — maximizing shareholder value. He’s doing that by overseeing the sale of the company to Albertsons for $15 above the price at which shares were selling before the deal with announced in April. Industry sources told SN the executive committee of Pleasanton, Calif.-based Safeway may have decided, at the time Edwards was named president in May 2013, that the chain had cut spending to its lowest ...
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