A Very Soft Landing
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On Page 1 of the Times Business section on April 30, it was reported that Ralphs will lay off 105 workers.
On Page 2, it was reported that Howard Goldfeder, chairman and chief executive of Federated Department Stores (owner of Ralphs), will open his golden parachute and receive $3.06 million when he resigns from Federated in about a month.
Those 105 ex-workers will certainly have a warm spot in their hearts for Goldfeder when they scratch for food and shelter for their families.
JOSEPH N. INGHAM
San Clemente
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