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

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

Sinopse

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.