Mormon Church Owns Safeway?
The Mormon Church is one of the largest landowners in the United States. In fact, the Church of Jesus Christ of Latter-day Saints (LDS) is the largest private landowner in the country.
As of 2012, the LDS Church owned nearly three million acres of land, most of which was located in the western states.
While the Mormon Church does not own Safeway outright, it does have a significant ownership stake in the company. In 2012, it was revealed that the LDS Church owned more than $1 billion worth of shares in Safeway.
This made the Church one of the largest shareholders in Safeway at that time.
While the Mormon Church’s ownership stake in Safeway is significant, it is important to note that the Church does not have any voting rights or control over Safeway’s operations. The Church’s investment in Safeway is purely financial and does not give it any influence over the company’s business decisions.
The Mormon Church’s ownership stake in Safeway is significant, but it does not have any voting rights or control over Safeway’s operations.