WASHINGTON -- Safeway management found itself on the hot seat last week as a coalition of institutional investors launched a campaign here calling on other investors to withhold their votes at the chain's May 20 annual meeting. The coalition's goal is not to remove Steve Burd as chairman, president and chief executive officer of Safeway, but to amass a symbolic "no confidence" vote in Burd and two other directors up for reelection this year to convince the company to be more responsive to ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.