Steven Burd

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Steven Burd
Barack Obama meets with business leaders 5-12-09.jpg
Burd (middle) meets with President Barack Obama along with other business leaders on May 12, 2009.
Born Steven A. Burd
1949 (age 67–68)[citation needed]
Valley City, North Dakota, U.S.
Residence California, U.S.
Alma mater Carroll University (B. S.)
University of Wisconsin–Milwaukee (M. A.)
Occupation President, Chairman & CEO at Safeway Inc (1992–2013)
Political party Republican[citation needed]
Board member of Kohl's

Steven A. Burd (born 1949) is an American businessman.[2] He served as Chairman, President and CEO of Safeway Inc. from October 26, 1992 to May 14, 2013.[2][3] He is a member of the Republican Party.[citation needed]

Early life[edit]

Burd has a Bachelor of Science degree in Economics from Carroll University in 1971[4] and a master's degree in Economics from the University of Wisconsin–Milwaukee in 1973.[5][6]

Career[edit]

Burd was President of Safeway from October 26, 1992 until May 14, 2013, and CEO from April 30, 1993 until May 14, 2013.[3] He joined the Board of Directors on September 7, 1993 and served as Chairman of the Board between May 12, 1998 and May 14, 2013.[3] While CEO of Safeway in 2009, he earned a total compensation of $10,901,892, which included a base salary of $1,449,000, a cash bonus of $358,627, stock awards of $491,611 and options granted of $6,922,200. Steven Burd will receive another $7.5 million in stock as a result of the transaction that combines Safeway and Albertsons supermarket chain. [1]

Burd spearheaded the innovative "Healthy Measures" insurance plan offered to Safeway employees.[7] In this plan, employees get discounts on their health insurance if they show qualified performance in four "tests": tobacco usage, healthy weight, blood pressure and cholesterol levels.[7] Employees can get as much as an $800 annual premium reduction. He founded the Coalition to Advance Healthcare Reform in order to promote similar health policies nationally.[7]

In January 2010, the Washington Post reported that Bund's assertion in June 2009[7] that Safeway's per capita health-care costs between 2005 and 2009 were flat was in fact true, but had nothing to do with incentives for employees. Those incentives weren't implemented until 2009, and the company forecast that per capita expenses for its employees would rise by 8.5 percent for the 2009 year.[8]

As of 2013, Burd sits on the Board of Directors of Kohl's.[2][3]

Personal life[edit]

Burd is married to Chris and has two children. He is a born-again Christian[9] and lives in Alamo, California.[10]

References[edit]

  1. ^ "Steve Burd". Nndb.com. 2004-03-01. Retrieved 2013-10-22. 
  2. ^ a b c "Forbes". Forbes. 2012-04-18. Retrieved 2013-10-22. 
  3. ^ a b c d "Safeway Board of Directors". Safeway.com. Retrieved 2013-10-22. 
  4. ^ Steven A. Burd '71, 1996 Distinguished Alumnus Award for Professional Achievement , Carroll University
  5. ^ A Few of UWM's Noted Alumni, University of Wisconsin–Milwaukee
  6. ^ Steven A Burd, Forbes
  7. ^ a b c d Steven A. Burd, How Safeway Is Cutting Health-Care Costs, The Wall Street Journal, June 12, 2009
  8. ^ Hilzenrath, David S. (January 17, 2010). "Misleading claims about Safeway wellness incentives shape health-care bill". Washington Post. Retrieved March 11, 2017. 
  9. ^ http://www.referenceforbusiness.com/biography/A-E/Burd-Steven-A-1949.html
  10. ^ Former Safeway President Among East Bay’s Biggest Water Users « CBS San Francisco Retrieved 2016-11-21.