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Lewis B Merrifield

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BUSINESS
September 11, 1989 | MARTHA GROVES, Times Staff Writer
A "reckless feeling" comes over one normally cautious shopper when she enters Pic 'N' Save. Another likens it to the county fair, where she never knows what she'll find but always goes home with something. Yet another routinely scours the store for housewares, children's clothes, and school and party supplies, inevitably walking out with at least $20 in bargains.
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BUSINESS
September 11, 1989 | MARTHA GROVES, Times Staff Writer
A "reckless feeling" comes over one normally cautious shopper when she enters Pic 'N' Save. Another likens it to the county fair, where she never knows what she'll find but always goes home with something. Yet another routinely scours the store for housewares, children's clothes, and school and party supplies, inevitably walking out with at least $20 in bargains.
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BUSINESS
November 14, 1990 | JANE APPLEGATE
Pledging to return a bargain-basement flavor to Pic 'N' Save discount stores, veteran retailing executive Len Williams on Tuesday assumed the post of president and chief executive officer of the Dominguez-based retailer. His selection Monday ended months of pressure by dissident shareholders to replace Lewis B. Merrifield III, who at one time was chairman, president and chief executive. Arthur Frankel, who replaced Merrifield as chairman for four months, resigned last week.
BUSINESS
February 21, 1985
Pic 'n' Save Corp. Chairman William Zimmerman, 65, retired Wednesday as chairman of the chain of stores that he founded nearly 35 years ago. Zimmerman, who remains a director, is being succeeded by Lewis B. Merrifield III, 45, who has been a director and the company's primary legal counsel since 1971. Arthur Frankel, 57, remains as president and chief executive, positions he has held since 1971.
BUSINESS
May 15, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
An investment group waging a battle for control of Pic 'N' Save disclosed Monday that it has gained a key ally, a former executive of the close-out retail chain who owns 4% of its shares. The investment group, Girard Partners, also acknowledged that it plans to dump Pic 'N' Save's current chairman and president, Lewis B. Merrifield III, if it buys the company. Joining Girard's effort is Bill M.
NEWS
May 26, 1991 | JAMES RAINEY, TIMES STAFF WRITER
There should be a certain sense of achievement, a cachet, in ranking at the top of the list. But that distinction is a somewhat dubious one for Lewis B. Merrifield III, the former president of the Pic 'N' Save discount chain. Sure, Merrifield ranked No. 1 in a Times survey of executive salaries in the Long Beach and Southeast areas of Los Angeles County for publicly owned businesses.
BUSINESS
April 12, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
An investment group including a former T. Boone Pickens Jr. associate and an experienced Southern California retailing executive said Wednesday that it expects to launch a takeover effort for the Pic 'N' Save close-out retail chain. The investment group, known as Girard Partners, disclosed in a filing with the Securities and Exchange Commission that it has acquired 6.6% of the Dominguez-based chain's stock for $25 million. Girard Partners is led by David H.
BUSINESS
May 22, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
The investment group pursuing Pic 'N' Save charged Monday that the retail chain isn't making a full-fledged effort to sell itself. It branded the company's recently announced plans to find a buyer a "ploy" to placate shareholders and keep the current board in charge. Girard Partners, the investment group, said it will continue trying to seize control of the board and won't enter the bidding process proposed by Pic 'N' Save. Girard, which disclosed in April that it had acquired 6.
BUSINESS
May 17, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
More than 25% of the 1,580 executives of California's largest public companies saw their cash compensation slashed in 1991, according to the Los Angeles Times' annual executive compensation survey. The pay cuts--406 in all--are attributable to a powerful combination of declining corporate earnings, increasing shareholder activism and legislative furor over runaway executive pay. The reductions ranged from relatively modest decreases to more than half of some executives' previous year's salaries.
BUSINESS
August 11, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
In a pact that may wrap up a four-month battle for control of Pic 'N' Save, the retailing chain on Friday granted seats on its board to La Jolla financier David H. Batchelder and two of his allies. For Batchelder, a former chief strategist to corporate raider T. Boone Pickens Jr., the deal appears to solidify a partial victory in the fight that his investment group, Girard Partners, launched in April.
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