After Supervalu reached an agreement to acquire Albertsons last year, the board considered offering Jeff Noddle, chairman and chief executive officer, a long-term incentive package combining stock options and performance stock awards. After discussions between Noddle and the compensation committee, however, the committee decided against the full $5 million package and followed Noddle's suggestion that about 10% of that total be directed into a hardship fund for the company's employees ...
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