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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.
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In April 2013, when asked by analysts about the wellness play he had alluded to in earlier calls, he said “It hasn’t happened yet.” Burd retired from
Safeway the next month. No Theranos devices were ever successfully deployed in Safeway stores and in November 2015, Safeway and Theranos formally
172:
Burd was
President of Safeway from October 26, 1992, until May 14, 2013, and CEO from April 30, 1993, until May 14, 2013. 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. While CEO of Safeway in 2009, he earned a total
178:
Burd spearheaded the innovative "Healthy
Measures" insurance plan offered to Safeway employees. 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. Employees can get
222:
On
October 6, 2021, Burd testified in the Theranos trial and gave details about the failed multimillion-dollar remodel of the Safeway stores. He gave evidence that Safeway spent $ 300 million to build out clinics in hundreds of Safeway stores and the strategy of the partnership was, "while you’re
206:
and build wellness centers in
Safeway stores. The deal made Safeway the exclusive grocery store provider of Theranos technology and spawned a secret, internal project called “T-Rex” to create wellness centers in their stores. Safeway spent $ 350 million renovating over 800 stores to support these
186:
reported that Burd's assertion in June 2009 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
214:
In 2012, Burd told investors and that the grocery chain was “contemplating a significant…wellness play.” During the implementation of the project, Safeway had
Theranos conduct blood testing at their headquarters clinic that compared Theranos test results with those of traditional blood testing
215:
methods. However, these results showed inconsistencies between the two methods. According to two former executives, Burd was told about the inconsistent results. Burd told them that he had been reassured by
Elizabeth Holmes and continued to support the project.
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shopping and before you leave you’re going to get the results of that blood test." Burd also testified that Holmes told them the
Theranos blood testing technology was deployed by the U.S. military in the
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as much as an $ 800 annual premium reduction. He founded the Coalition to Advance Healthcare Reform in order to promote similar health policies nationally.
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496:"Steven A. Burd 1949— Biography - Railroad to consulting, Ailing chains, Turning safeway around"
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centers. According to former employees, he managed the partnership directly with Theranos CEO
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Burd is married to Chris and has two children. He is a born-again Christian and lives in
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Former Safeway President Among East Bay’s Biggest Water Users « CBS San Francisco
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470:"Elizabeth Holmes admits she gave journalist incorrect info for Theranos cover story"
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Steven A. Burd '71, 1996 Distinguished Alumnus Award for Professional Achievement
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92:(1992–2013), President & CEO at Burd Health LLC (2013-present)
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from October 26, 1992, to May 14, 2013. He is a member of the
410:"Safeway, Theranos Split After $ 350 Million Deal Fizzles"
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employees would rise by 8.5 percent for the 2009 year.
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in 1971 and a master's degree in economics from the
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190:As of 2013, Burd sits on the Board of Directors of
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36:along with other business leaders on May 12, 2009.
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125:. He served as chairman, president and CEO of
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382:Hilzenrath, David S. (January 17, 2010).
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857:University of Wisconsin–Milwaukee alumni
364:How Safeway Is Cutting Health-Care Costs
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202:Burd led the initiative to partner with
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32:Burd (middle) meets with President
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162:University of Wisconsin–Milwaukee
88:President, Chairman & CEO at
74:University of Wisconsin–Milwaukee
847:Businesspeople from North Dakota
468:Khorram, Yasmin (2021-12-07).
441:Khorram, Yasmin (2021-10-06).
408:Carreyrou, John (2015-11-11).
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862:People from Alamo, California
300:"Safeway Board of Directors"
270:. 2012-04-18. Archived from
684:Brooks v Canada Safeway Ltd
332:A Few of UWM's Noted Alumni
121:(born 1949) is an American
49:1949 (age 74–75)
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219:ended their relationship.
832:Carroll University alumni
53:Valley City, North Dakota
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837:North Dakota Republicans
781:Safeway Stores (Ireland)
369:The Wall Street Journal
827:California Republicans
624:Shaw's and Star Market
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730:Albertsons Boise Open
715:Safeway International
511:Retrieved 2016-11-21.
182:In January 2010, the
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700:Safeway Championship
560:Albertsons Companies
322:, Carroll University
274:on September 8, 2012
107:Board member of
771:Safeway (Australia)
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690:Safeway Bowl
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34:Barack Obama
817:1949 births
796:Super Saver
791:Simon David
655:Steven Burd
520:Appearances
225:Middle East
123:businessman
90:Safeway Inc
20:Steven Burd
811:Categories
756:Genuardi's
751:Dominick's
594:Jewel-Osco
579:Albertsons
481:2021-12-08
454:2021-12-08
427:2019-02-03
306:2013-10-22
278:2013-10-22
243:References
148:Early life
101:Republican
629:Tom Thumb
609:Pavilions
422:0099-9660
393:March 11,
164:in 1973.
154:Economics
761:Casa Ley
614:Randalls
346:, Forbes
262:"Forbes"
211:.
204:Theranos
676:culture
619:Safeway
567:Banners
746:Plated
648:People
584:Amigos
524:C-SPAN
420:
267:Forbes
192:Kohl's
168:Career
111:Kohl's
55:, U.S.
599:Lucky
589:Carrs
156:from
78:M. A.
69:B. S.
639:Vons
475:CNBC
448:CNBC
418:ISSN
395:2017
143:sign
42:Born
522:on
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
