[GeronL]

I hope the majority shareholders stand firm. Let the stores remain closed for a few months and see what happens.

[Balding_Eagle]

I hope the majority shareholders stand firm. Let the stores remain closed for a few months and see what happens.

OK, before I put words in your mouth based on that post alone, what conclusion would you like to see happen?

[grania]

You're not getting it. Market Basket is a chain that's liked anywhere it opens, and has the loyalty of employees and customers. If the greedy 50.5% don't let the CEOs faction buy the chain, they'll have NOTHING.

What's to stop the former CEO now fired from starting his own chain? New Englanders tend to be very practical and knowledgeable about things like this. If he and the employees start a new chain, customers will flock to them and Market Basket won't survive.

This thing doesn't pass the smell test. What they did is the kind of thing corporations do when they want to boost the bottom line to sell the company. Best they be left with nothing worth selling.

[bigdaddy45]

Apparently they didn’t take your advice. Because standing firm and watching a business slowly shrivel and die is SUCH good business advice.