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词条 Steven Burd
释义

  1. Early life

  2. Career

  3. Theranos Scandal

  4. Personal life

  5. References

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|name=Steven Burd
|image=Barack Obama meets with business leaders 5-12-09.jpg
|image_size=
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|caption=Burd (middle) meets with President Barack Obama along with other business leaders on May 12, 2009.
|birth_name=Steven A. Burd
|birth_date={{birth year and age|1949}}{{Citation needed|date=July 2014}}
|birth_place=Valley City, North Dakota, U.S.
|death_date=
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|residence=California, U.S.
|known_for=
|education=
|alma_mater=Carroll University (B. S.)
University of Wisconsin–Milwaukee (M. A.)
|employer=
|occupation=President, Chairman & CEO at Safeway Inc (1992–2013), President & CEO at Burd Health LLC (2013-present)
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|party=Republican{{Citation needed|date=July 2014}}
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Steven A. Burd (born 1949) is an American businessman.[1] He served as Chairman, President and CEO of Safeway Inc. from October 26, 1992 to May 14, 2013.[1][2] He is a member of the Republican Party.{{Citation needed|date=July 2014}}

Early life

Burd has a Bachelor of Science degree in Economics from Carroll University in 1971[3] and a master's degree in Economics from the University of Wisconsin–Milwaukee in 1973.[4][5]

Career

Burd was President of Safeway from October 26, 1992 until May 14, 2013, and CEO from April 30, 1993 until May 14, 2013.[2] He joined the Board of Directors on September 7, 1993 and served as Chairman of the Board between May 12, 1998 and May 14, 2013.[2] While CEO of Safeway in 2009, he earned a total compensation of $10,901,892, which included a base salary of $1,449,000, a cash bonus of $358,627, stock awards of $491,611 and options granted of $6,922,200. Steven Burd will receive another $7.5 million in stock as a result of the transaction that combines Safeway and Albertsons supermarket chain.  

Burd spearheaded the innovative "Healthy Measures" insurance plan offered to Safeway employees.[6] In this plan, employees get discounts on their health insurance if they show qualified performance in four "tests": tobacco usage, healthy weight, blood pressure and cholesterol levels.[6] Employees can get as much as an $800 annual premium reduction. He founded the Coalition to Advance Healthcare Reform in order to promote similar health policies nationally.[6]

In January 2010, the Washington Post reported that Burd's assertion in June 2009[6] that Safeway's per capita health-care costs between 2005 and 2009 were flat was in fact true, but had nothing to do with incentives for employees. Those incentives weren't implemented until 2009, and the company forecast that per capita expenses for its employees would rise by 8.5 percent for the 2009 year.[7]

{{As of|2013}}, Burd sits on the Board of Directors of Kohl's.[1][2] In September 2013, Burd also founded Burd Health LLC with the intent to help companies lower the costs of their own healthcare plans.

Theranos Scandal

Burd led the initiative to partner with Theranos and build wellness centers in Safeway stores.  The deal made SafeWay the exclusive grocery store provider of Theranos technology and spawned a secret, internal project called “T-Rex” to create wellness centers in their stores.  Safeway spent $350 million dollars renovating over 800 stores to support these centers. According to former employees, he managed the partnership directly with Theranos CEO Elizabeth Holmes. 

In 2012, Burd told investors and that the grocery chain was “contemplating a significant…wellness play.” During the implementation of the project, Safeway had Theranos conduct blood testing at their headquarters clinic that compared Theranos test results with those of traditional blood testing methods.  However, these results showed inconsistencies between the two methods.  According to two former executives, Burd was told about the inconsistent results.  Burd told them that he had been reassured by Elizabeth Holmes and continued to support the project. 

In April 2013, when asked by analysts about the wellness play he had alluded to in earlier calls, he said “It hasn’t happened yet.”  Burd retired from Safeway the next month.  No Theranos devices were ever successfully deployed in Safeway stores and in November 2015, Safeway and Theranos formally ended their relationship.  [8]

Personal life

Burd is married to Chris and has two children. He is a born-again Christian[9] and lives in Alamo, California.[10]

References

1. ^{{cite web|url=https://www.forbes.com/profile/steven-burd/ |title=Forbes |publisher=Forbes |date=2012-04-18 |accessdate=2013-10-22}}
2. ^{{cite web|url=http://www.safeway.com/ShopStores/Investors#iframetop |title=Safeway Board of Directors |publisher=Safeway.com |date= |accessdate=2013-10-22}}
3. ^Steven A. Burd '71, 1996 Distinguished Alumnus Award for Professional Achievement, Carroll University
4. ^A Few of UWM's Noted Alumni, University of Wisconsin–Milwaukee
5. ^[https://www.forbes.com/lists/2006/12/TEZE.html Steven A Burd], Forbes
6. ^Steven A. Burd, [https://online.wsj.com/news/articles/SB124476804026308603 How Safeway Is Cutting Health-Care Costs], The Wall Street Journal, June 12, 2009
7. ^{{Cite web|url=https://www.washingtonpost.com/wp-dyn/content/article/2010/01/15/AR2010011503319_pf.html|title=Misleading claims about Safeway wellness incentives shape health-care bill|last=Hilzenrath|first=David S.|date=January 17, 2010|website=Washington Post|archive-url=|archive-date=|dead-url=|access-date=March 11, 2017}}
8. ^{{Cite news|url=https://www.wsj.com/articles/safeway-theranos-split-after-350-million-deal-fizzles-1447205796|title=Safeway, Theranos Split After $350 Million Deal Fizzles|last=Carreyrou|first=John|date=2015-11-11|work=Wall Street Journal|access-date=2019-02-03|language=en-US|issn=0099-9660}}
9. ^http://www.referenceforbusiness.com/biography/A-E/Burd-Steven-A-1949.html
10. ^Former Safeway President Among East Bay’s Biggest Water Users « CBS San Francisco Retrieved 2016-11-21.
  • {{C-SPAN|stevenburd}}
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10 : 1949 births|Living people|California Republicans|Carroll University alumni|North Dakota Republicans|People from Barnes County, North Dakota|Businesspeople from North Dakota|Safeway Inc.|University of Wisconsin–Milwaukee alumni|People from Alamo, California

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