WEST SACRAMENTO, Calif. — The need to return family leadership to a family-owned business in a difficult economic time prompted Michael J. Teel to return to Raley's last week as chief executive officer. Teel, grandson of the chain's founder, had previously served as president and CEO between 1997 and 2002, when he abruptly left the company. “In difficult times a business needs family leadership, and I'm in a place in life where I can devote time to that and to serve the family and ...
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