Safeway CEO's Pay Rises 5 Percent In 2010

PLEASANTON (CBS / AP) -- Safeway Inc.'s CEO Steven Burd saw the value of his compensation rise 5 percent in 2010.

According to a regulatory document filed Friday, the Pleasanton-based grocery chain gave Burd a pay package worth $9.9 million. That's up from $9.4 million in 2009.

Burd's salary rose 3 percent to nearly $1.5 million. He received stock and option awards valued at nearly $7.5 million. Burd also received $191,132 in perks and other compensation during the year.

Safeway more than doubled Burd's performance-based cash bonus to $750,000 as business improved.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.

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