Editing Webvan (section)

===Management===
None of Webvan's senior executives or major investors had any management experience in the supermarket industry, including its CEO [[George Shaheen]], who had resigned as head of Andersen Consulting (now [[Accenture]]), a management consulting firm, to join the venture.<ref name=stockprice/> Webvan had a contract to pay Shaheen, who gave up a $4 million per year salary at Andersen, $375,000 per year for life.<ref>{{cite news | url=https://money.cnn.com/2001/05/16/technology/webvan/index.htm | title=Webvan pays off Shaheen | work=[[CNN]] | date=May 16, 2001}}</ref> When the company filed bankruptcy in July 2001, Shaheen was an [[unsecured creditor]].<ref>{{cite news | url=https://lasvegassun.com/news/2001/jul/09/nevadans-lose-jobs-at-nets-webvan/ | title=Nevadans lose jobs at 'Net's Webvan | work=[[Las Vegas Sun]] | date=July 9, 2001}} "The company's list of unsecured creditors will include Webvan's former CEO George Shaheen, who resigned in April, triggering a clause in his contract that required the company to pay him $31,250 per month for the rest of his life. With the bankruptcy, Shaheen "will have to get in line with the rest of our creditors," Grebey said."</ref> Shaheen resigned in April 2001, while the company was on the verge of shutting down.<ref name=quitsaltlanta>{{cite news | url=https://money.cnn.com/2001/04/26/technology/webvan/index.htm | title=Webvan quits Atlanta | work=[[CNN]] | date=April 26, 2001}}</ref>