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Steven Burd

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BUSINESS
October 16, 2009 | Jerry Hirsch
How will we know when the recession is ending? Watch the coffee index, says Steven Burd, chief executive of Safeway Inc., the Pleasanton, Calif., supermarket company that owns Vons here in Southern California. Speaking to investors about Safeway's third-quarter profit, Burd said shoppers were starting to trade up to more expensive items after a long period in which they had gravitated to less costly goods. "When we went into the recession, we saw a change in the mix of lattes versus coffee, and now we've seen -- it's early but we're seeing -- a trend back to lattes," Burd said.
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BUSINESS
October 16, 2009 | Jerry Hirsch
How will we know when the recession is ending? Watch the coffee index, says Steven Burd, chief executive of Safeway Inc., the Pleasanton, Calif., supermarket company that owns Vons here in Southern California. Speaking to investors about Safeway's third-quarter profit, Burd said shoppers were starting to trade up to more expensive items after a long period in which they had gravitated to less costly goods. "When we went into the recession, we saw a change in the mix of lattes versus coffee, and now we've seen -- it's early but we're seeing -- a trend back to lattes," Burd said.
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BUSINESS
February 22, 2004
Steven Burd, Safeway's chief executive, is wrong when he states that shoppers are staying away because they do not want to confront strikers ("Safeway Reports $696-Million Loss," Feb. 13). We are staying away because we understand the economic horrors we are facing as a nation and that this move on the part of the grocery industry is the tip of the iceberg. Wal-Mart Stores Inc. behaves so aggressively and is a fire-breathing dragon eating alive suppliers and employees alike.
BUSINESS
April 13, 2005 | Melinda Fulmer, Times Staff Writer
Safeway Inc. Chief Executive Steven Burd's pay package totaled $19.5 million in 2004 -- a tumultuous year marked by a Southern and Central California labor dispute that embittered the grocer's workers and alienated shoppers. Burd generated $17.2 million of the windfall by cashing in 1.15 million of the stock options that he had accumulated since becoming Safeway's CEO in 1993. He also received a $1.14-million base salary and a $1.
BUSINESS
January 25, 2004
I would like to take this opportunity to commend Michael Hiltzik for his astute observations that most of the problems that have occurred in the supermarket industry over the past few years are not due to high wages and the rising cost of health benefits but to bad management decisions made by executives like Steven Burd of Safeway Inc. ("Lengthy Strike Shows Evolution of Union Hasn't Kept Up With Rise of Grocery Giants," Golden State, Jan. 22)....
BUSINESS
April 5, 2003 | Jerry Hirsch, Times Staff Writer
The discounts at the Safeway Inc. grocery chain now extend to the chief executive. The owner of Vons grocery stores in Southern California said in a regulatory filing Friday that it trimmed the pay of Safeway Chief Executive Steven Burd last year by 41% to $1.26 million. Burd, who also is chairman of the Pleasanton, Calif.-based company, collected $1 million in salary last year, the same as in 2001. But the board of directors slashed his annual bonus by 78% to $258,000 from the $1.
BUSINESS
April 13, 2005 | Melinda Fulmer, Times Staff Writer
Safeway Inc. Chief Executive Steven Burd's pay package totaled $19.5 million in 2004 -- a tumultuous year marked by a Southern and Central California labor dispute that embittered the grocer's workers and alienated shoppers. Burd generated $17.2 million of the windfall by cashing in 1.15 million of the stock options that he had accumulated since becoming Safeway's CEO in 1993. He also received a $1.14-million base salary and a $1.
BUSINESS
May 21, 2004 | James F. Peltz, Times Staff Writer
A bid by Safeway Inc. investors to unseat Chief Executive Steven Burd and two other directors fell short Thursday, though the dissidents delivered a harsh reprimand by withholding 17% of shareholders' votes from the ballot for Burd's reelection as chairman of the supermarket chain. The campaign against Burd was led by the California Public Employees' Retirement System and several other public pension funds.
BUSINESS
April 8, 2004 | Marc Lifsher, Times Staff Writer
Continuing its campaign to influence corporate governance, California's largest public pension fund Wednesday said it would withhold its proxy votes for the reelection of Safeway Inc.'s chairman and two other members of the grocery chain's board of directors. The decision follows high-profile proxy actions by the California Public Employees' Retirement System against Walt Disney Co. Chief Executive Michael Eisner and other companies.
BUSINESS
October 19, 2003 | James F. Peltz and Melinda Fulmer, Times Staff Writers
If there is one person at the heart of the Southern California supermarket strike, it might well be Steven A. Burd. As Safeway Inc.'s chairman and chief executive, Burd is leading the industry's campaign to slash its labor expenses, making him the focal point for angry members of the United Food and Commercial Workers union.
BUSINESS
May 21, 2004 | James F. Peltz, Times Staff Writer
A bid by Safeway Inc. investors to unseat Chief Executive Steven Burd and two other directors fell short Thursday, though the dissidents delivered a harsh reprimand by withholding 17% of shareholders' votes from the ballot for Burd's reelection as chairman of the supermarket chain. The campaign against Burd was led by the California Public Employees' Retirement System and several other public pension funds.
BUSINESS
April 8, 2004 | Marc Lifsher, Times Staff Writer
Continuing its campaign to influence corporate governance, California's largest public pension fund Wednesday said it would withhold its proxy votes for the reelection of Safeway Inc.'s chairman and two other members of the grocery chain's board of directors. The decision follows high-profile proxy actions by the California Public Employees' Retirement System against Walt Disney Co. Chief Executive Michael Eisner and other companies.
BUSINESS
February 22, 2004
Steven Burd, Safeway's chief executive, is wrong when he states that shoppers are staying away because they do not want to confront strikers ("Safeway Reports $696-Million Loss," Feb. 13). We are staying away because we understand the economic horrors we are facing as a nation and that this move on the part of the grocery industry is the tip of the iceberg. Wal-Mart Stores Inc. behaves so aggressively and is a fire-breathing dragon eating alive suppliers and employees alike.
BUSINESS
January 25, 2004
I would like to take this opportunity to commend Michael Hiltzik for his astute observations that most of the problems that have occurred in the supermarket industry over the past few years are not due to high wages and the rising cost of health benefits but to bad management decisions made by executives like Steven Burd of Safeway Inc. ("Lengthy Strike Shows Evolution of Union Hasn't Kept Up With Rise of Grocery Giants," Golden State, Jan. 22)....
BUSINESS
October 19, 2003 | James F. Peltz and Melinda Fulmer, Times Staff Writers
If there is one person at the heart of the Southern California supermarket strike, it might well be Steven A. Burd. As Safeway Inc.'s chairman and chief executive, Burd is leading the industry's campaign to slash its labor expenses, making him the focal point for angry members of the United Food and Commercial Workers union.
BUSINESS
April 5, 2003 | Jerry Hirsch, Times Staff Writer
The discounts at the Safeway Inc. grocery chain now extend to the chief executive. The owner of Vons grocery stores in Southern California said in a regulatory filing Friday that it trimmed the pay of Safeway Chief Executive Steven Burd last year by 41% to $1.26 million. Burd, who also is chairman of the Pleasanton, Calif.-based company, collected $1 million in salary last year, the same as in 2001. But the board of directors slashed his annual bonus by 78% to $258,000 from the $1.
BUSINESS
May 7, 2004 | From Associated Press
Two influential shareholder advisory firms recommended that Safeway Inc. Chairman Steven Burd be removed from the grocer's board. Institutional Shareholder Services and Glass, Lewis & Co. concluded that investors should withhold their votes for Burd at Safeway's annual meeting, scheduled for May 20.
BUSINESS
May 15, 2004 | From Bloomberg News
The $32.7-billion Massachusetts state pension fund will withhold proxy votes to reelect Safeway Inc. Chairman and Chief Executive Steven Burd and two board members because of the company's performance and corporate governance issues. State Treasurer Timothy Cahill, chairman of the Massachusetts Pension Reserves Investment Management Board, said the pension fund was withholding votes from Burd, Robert MacDonnell and William Tauscher.
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