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Summary of David Webber's The Rise of the Working-Class Shareholder

Download or Read eBook Summary of David Webber's The Rise of the Working-Class Shareholder PDF written by Everest Media and published by Everest Media LLC. This book was released on 2022-02-24T23:26:00Z with total page 35 pages. Available in PDF, EPUB and Kindle.
Summary of David Webber's The Rise of the Working-Class Shareholder
Author :
Publisher : Everest Media LLC
Total Pages : 35
Release :
ISBN-10 : 9781669348450
ISBN-13 : 1669348458
Rating : 4/5 (50 Downloads)

Book Synopsis Summary of David Webber's The Rise of the Working-Class Shareholder by : Everest Media

Book excerpt: 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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