WEST SACRAMENTO, Calif. — In an effort to reduce costs, Raley's Supermarkets here has eliminated one of its 10 executive committee positions and plans to cut four more by the end of June. Michael Teel, president and chief executive officer, said the cutbacks "have nothing to do with performance issues — it's simply that we can't afford that kind of structure in today's competitive marketplace." The five people affected are Dave Clark, chief operating officer and, before Teel's hiring, ...
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