INVESTORS VOW TO PRESSURE SAFEWAY FOR BOARD CHANGES

PLEASANTON, Calif. -- The reelection of Steve Burd and two other Safeway directors will not end the concerted effort by institutional investors to influence the company's future direction, members of a coalition of public pension funds told SN last week.They said they intend to carry on the fight to make Safeway's board more independent, with the ultimate goal of splitting the positions of chairman

PLEASANTON, Calif. -- The reelection of Steve Burd and two other Safeway directors will not end the concerted effort by institutional investors to influence the company's future direction, members of a coalition of public pension funds told SN last week.

They said they intend to carry on the fight to make Safeway's board more independent, with the ultimate goal of splitting the positions of chairman and chief executive officer held by Burd.

According to Bill Atwood, a represen

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