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Burd had been at the helm of Safeway, one of the country's biggest supermarket chains, for seventeen years.
At Burd's invitation, Elizabeth came to the supermarket chain's headquarters in Pleasanton, on the other side of San Francisco Bay, to make a presentation.
The Theranos proposition dovetailed perfectly with his wellness philosophy and offered a way to improve the supermarket chain's stagnating revenues and razor-thin profit margins.
The supermarket chain had just announced a 6 percent drop in its profits for the last three months of 2011, a disappointing performance its longtime CEO Steve Burd was struggling to explain to the dozen analysts who had
Just three months after leaving the supermarket chain, he founded a consulting firm to advise companies on how to reduce their health-care costs.
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