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Rite Aid Corp. enticed Robert Miller to join the beleaguered drugstore company as chairman and chief executive with $1.25 million in salary and a guaranteed bonus of $600,000, as well as 600,000 restricted shares and options to buy 3 million shares, according to a Securities and Exchange Commission filing. Miller, former executive of Kroger Co. and its Fred Meyer Inc. chain, was hired in December to replace Martin Grass, who quit in October.
* Leading packaged-food company Kraft Foods Inc., a division of Philip Morris Cos., said it will acquire closely held Boca Burger Inc. for an undisclosed sum. With the move, Kraft joins the list of food companies buying into the trendy soy market. Boca, which is based in Chicago, had revenue of about $40 million last year.
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