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Summary of David Webber's The Rise of the Working-Class Shareholder
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Summary of David Webber's The Rise of the Working-Class Shareholder
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Éditeur:
Everest Media LLC
Protection:
Filigrane
Année de parution:
2022
ISBN-13: 9781669348450
Description:
Please note: This is a companion version & not the original book.



Sample Book Insights:

#1 In 2003, Safeway, a California-based supermarket chain, sought to boost profits by cutting employee benefits. The company’s CEO, Steven Burd, hoped to make the workers pay for his mistakes by cutting their pay.

#2 Burd, having anticipated a potential strike, sold off his shares in preparation. He also entered into a revenue-sharing agreement among Safeway's subsidiaries, Vons, Albertsons, and the Kroger Company's store Ralphs.

#3 George Burd, the CEO of Safeway, faced a labor dispute with his employees when they went on strike.

#4 Albert Burd, the CEO of Safeway, was voted out by the company’s shareholders in 1999 after a labor-led campaign against him and his allies on the board.
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