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Safeway CEO’s compensation down nearly 15%

BY CSA STAFF

New York City Safeway’s CEO Steven Burd saw the value of his compensation fall nearly 15% in 2009 as the grocer continued to struggle during the down economy, according to an Associated Press calculation.

Safeway gave Burd a pay package worth nearly $9.4 million, versus $11 million in 2008, according to an AP analysis of documents filed Monday with the Securities and Exchange Commission.

Burd’s salary fell 1.26% in 2009 to $1.4 million. The majority of his pay continues to be from his stock and options awards, which were valued at $7.4 million on the date granted. That’s nearly 16% less in stock and options than he received in 2008.

Safeway did not grant its executives any bonuses because it did not meet its goals. But Burd was awarded non-equity incentive compensation of $358,627.

Burd received $161,565 in other compensation including home security and his personal use of the company aircraft.

The Associated Press calculation of executive pay includes salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. These totals may differ from the figures listed by companies in their proxy statements.

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Licensing industry honors Hasbro leader

BY CSA STAFF

NEW YORK Alan Hassenfeld, chairman of the executive committee and former chairman of the board Hasbro and the late Stephen Hassenfeld, CEO and chairman of the board until 1989, have been selected for induction into the International Licensing Industry Merchandisers’ Association Licensing Industry Hall of Fame.

The induction ceremony will take place on June 8 at the second annual LIMA Opening Night Awards Party at Licensing International Expo 2010, which will be held at the Mandalay Bay Convention Center in Las Vegas.

“Stephen and Alan transformed their family’s Rhode Island toy company into a global marketing powerhouse, along the way garnering Wall Street’s respect for toy companies,” said Charles Riotto, president of LIMA. “They also share LIMA’s commitment to integrity in business and to giving back to the communities and consumers who support our business. LIMA is proud to honor them as licensing industry pioneers at Licensing International Expo this June.”

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Sears selects TweetMyJOBS to promote employment opportunities

BY CSA STAFF

CHARLOTTE, N.C. Sears Holdings has selected TweetMyJOBS, a company that uses social media and other digital platforms to inform members of new job opportunities.

“Last year, Sears Holdings posted more than 500 thousand job openings through several traditional job recruiting channels, but we’re quickly realizing that we needed to broaden our employment marketing to include social media,” said Lance Brolin, director of talent and human capital services operation for Sears Holdings. “We’ve chosen to work with TweetMyJOBS because their service is an innovative approach that can save us time, money and, most importantly, bring us the quality candidates we need.”

Job seekers can search TweetMyJOBS.com by type of work, location or specific company, or choose to receive instant notification via text message when a job fitting their criteria is posted. Online, through computers or smartphones, they can see detailed information about available positions, and view recruiter or employer web pages which further describe the job listings. After identifying a position that is ideal for them, job seekers can apply in a few short clicks. They can also proactively tweet their resume out on the “Twittersphere” for recruiters to find while searching for job candidates.

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