Supervalu Shareholder Threatens Class Action

[Sherman A1]

ST. LOUIS — A shareholder at the Supervalu annual meeting here Tuesday threatened to file a class-action lawsuit against the company for mismanagement.
The shareholder, who said he owned 45,000 shares, criticized Craig Herkert, chairman and chief executive officer, for taking a $950,000 bonus at the same time the company is eliminating the dividend and asked if he would agree to cut his salary to $1 per year for the next two years "to show us your commitment." When Herkert said he would not make that commitment, the shareholder said the company should expect the class-action suit.


Read More: http://supermarketnews.com/supervalu/supervalu-shareholder-threatens-class-action#ixzz20yDVR64q

Well this could prove interesting.......

[GP6971]

1. 5 years ago

His stock was worth 1.8 mil......now just over 100k

Glad I sold mine when I did