Thursday, August 21, 2014
Inquirer Daily News

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.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

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

Joseph N. DiStefano
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