Seeking Full Disclosure From Safeway

Regarding “Safeway’s Sales Slump Expected to Continue,” Dec. 5:

It is astonishing what Safeway Inc. Chief Executive Steve Burd failed to discuss in good faith with his investors. He should be run out of the company for failure to disclose and for fiscal mismanagement.

He failed to mention how Safeway has squandered more than $1 billion of its shareholders’ money on the botched acquisition of the Dominick’s supermarket chain in Chicago.

He failed to mention that he has lost more than $400 million so far on this senseless strike, more than it would have cost Safeway to maintain affordable health care for Vons and Pavilions workers.

For Burd, this strike is not about money; it is about union busting. It is about pushing families out of the middle class so that he can be as rich as the guys next door in Bentonville, Ark.: the Walton family.

Rick Icaza

President

Local 770, UFCW

Los Angeles