PLEASANTON, Calif. -- Safeway said it sees the shareholder vote to re-elect Steve Burd as chairman at its annual meeting here last week as a sign of support for the embattled executive and a validation of his strategies. Eighty-three percent of shareholders voted to re-elect Burd, who also holds the titles of chief executive officer and president, despite an effort by a coalition of institutional investors to put pressure on the board to remove him. The dissident investors had waged a ...
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