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When Steven Burd, CEO of the grocery chain Safeway, cut wages and benefits, starting a five-month strike by 57,000 unionized workers, he was confident he would win.
Webber.
In The Rise of the Working-Class Shareholder , David H.
With the aid of the California Public Employees Retirement System, a $300 billion pension fund, workers led a shareholder revolt that unseated three of Burd\'s boardroom allies.
But where traditional labor action failed, a novel approach was more successful.
When Steven Burd, CEO of the grocery chain Safeway, cut wages and benefits, starting a five-month strike by 57,000 unionized workers, he was confident he would win
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