Posted on 07/26/2014 9:51:59 AM PDT by SamAdams76
In my experience, when somebody starts a reply to me with the word "so", they are about to attribute something to me that I neither said nor implied.
Nothing to do with grammar, just the poster inferring something erroneously.
They could lose a lot of customers this way.
You are completely mis-reading this situation. Go read thru the links to see the perfect strategy of Artie T. and his employees.
So, this Artie T guy came up with this strategy to burn the business and salt the fields?
He’s SAVING the business by buying it back from his slash-and-burn cousin Artie S, who wants to kill employee loyalty for a few more bucks.
Artie T is offering a more-than-fair price for the chain so he and his employees and customers can get back to business.
You’re going to be pretty embarrassed when the truth of this story sinks in.
They sure could lose a lot of customers, and even suppliers. Even employees.
It appears to me that the employees are standing on principle, and the fact that this ‘strike’ is apparently including everyone is showing the strength of their convictions.
According to one poster up thread, the employees he knows are politically conservative.
However, all employees (both hourly and salaried) are pretty much 100% united on this and even when unions offered to lend a helping hand, they were summarily rejected.
Frankly speaking, the employees have the BOD pinned in a corner. Not only are the employees basically shutting off the revenue flow but they have somehow united the customer base behind them as well. I have personally witnessed shoppers walking up to the doors, speaking with the employees, and then walking away after signing a petition pledging not to shop there again until the old CEO is re-instated. This is absolutely unprecedented.
Again, the employees are not looking for a pay increase nor increased benefits. They are paid in line with what most supermarkets employees in the industry earn so they are not asking to be compensated more than what they are worth.
This is a case that will be taught in business schools for years to come.
That was very confusing. Want to give it another shot?
FYI, ‘most productive time’ was reference to using their clout to force the issue.
Now take it away..........
The take-away from this great story is that employees need to be picking their owners and CEOs, not the other way around.
It’s a business model I hope catches on all through the world of retail. Where the rubber meets the road - employees and shoppers - is where profitability and loyalty lie, not some accountants and raiders who could care less about the intimacy of grocery retailing.
The recipe for success being: BUY your company, don’t UNIONIZE it to get what you want.
Pick their owners?
They’re 100 years too late to do that.
https://en.wikipedia.org/wiki/DeMoulas_Market_Basket
Market Basket loyal customers are taping the receipts from their purchases elsewhere to MB’s windows.
Hope the BOD approves the sale Monday.
You’re right, this unprecedented business model is not only going to be taught, but practiced widely, soon.
I hope the majority shareholders stand firm. Let the stores remain closed for a few months and see what happens.
Sorry, posted before reading that last, most important, sentence you posted.
I don’t think the family will be selling though.
OK, *new* owner(s).
FTA:
BOSTON — Board members of the beleaguered Market Basket grocery store chain say they will “seriously consider” a proposal from its fired chief executive to buy the company as the chain faces a workers’ revolt that has paralyzed the stores.
The board issued a statement Friday after meeting to discuss the company’s future as thousands of employees protested the firing of a popular chief executive, Arthur T. Demoulas.
OK, before I put words in your mouth based on that post alone, what conclusion would you like to see happen?
I meant that they won’t be selling to any outsiders, and I don’t blame them.
This company was built by the family. As important as the employees are, they didn’t build this, they only contributed.
they didn’t build this, they only contributed.
Yes, and with the buy-out will continue to contribute to the success of MB.
I personally will be cheering from TX when Artie S says ‘fine, take it.’
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