Friday, May 29, 2015

Acme owner pays bosses $23M to go away

'Golden parachutes'

Acme owner pays bosses $23M to go away

Acme owner SuperValu is paying boss Wayne Sales and his three top lieutenants $23 million to go away as Cerberus Capital, Lubert-Adler and three other real estate investment firms take over the chain. More here from their hometown Minneapolis Business Journal.

About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano