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(Seacoastonline.com)   Fired CEO is so well-liked by his employees that they threaten to strike or even quit unless he is reinstated. That's not how class warfare is supposed to work   (t.seacoastonline.com) divider line 173
    More: Hero, T. Demoulas, Arthur S. Demoulas, basket, Stratham, Tewksbury  
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20398 clicks; posted to Main » on 18 Jul 2014 at 4:43 AM (40 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



173 Comments   (+0 »)
   
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2014-07-18 12:01:43 AM  
Oh, please. It perfectly fits proper Marxist concepts.
 
2014-07-18 12:10:07 AM  
Leadership isn't about power, it's about respect. More folks need in industry need to remember this...
 
2014-07-18 12:31:30 AM  
Corporate employees and managers

Looks to me like all the people making a fuss are management. If they had been store workers subby's "class warfare" bit might have had a point.
 
2014-07-18 02:23:40 AM  
Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.
 
2014-07-18 04:49:14 AM  
fark corporate. Twice.

And I find it hard to believe that bag-boys are up in arms with this dismissal.
 
2014-07-18 04:52:32 AM  

Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.


If your shop gets organized, fire your shop. There's always more folk who are willing to work.
 
2014-07-18 04:57:59 AM  

inclemency: fark corporate. Twice.

And I find it hard to believe that bag-boys are up in arms with this dismissal.


The bag boys shop there, too. Everyone around here is afraid that prices will start going up under the new CEO. Arthur T got tossed by the board because he wasn't paying out enough.
 
2014-07-18 05:03:51 AM  
Oh, boy, a site which refuses to show me content unless I turn NoScript off and allow cookies? Let's change all our links to Seacoast.com!

/Subby, you jerk.
 
2014-07-18 05:06:56 AM  
The drama going on within the DeMoulas family has been raging for decades. The Boston Globe has a good write-up.

http://www.bostonglobe.com/business/2014/07/14/the-saga-demoulas-mar ke t-basket/S1D7gi92dqfJYZzr9FIBCJ/story.html
 
2014-07-18 05:11:01 AM  
t.seacoastonline.com

Oh, and these pictures they are hanging on all the windows are just weird. That's the actual color. I guess they think more of the public will rally behind him if he looks jaundiced.
 
2014-07-18 05:17:17 AM  

TopoGigo: Oh, boy, a site which refuses to show me content unless I turn NoScript off and allow cookies? Let's change all our links to Seacoast.com!

/Subby, you jerk.


Just how freaking paranoid does one have to be to turn off cookies?  "A website can store information I've entered into the site in a text file on my machine and then read that text file later?  Surely only the Illuminati or the lizard people could be behind such malfeasance!"
 
2014-07-18 05:19:39 AM  

Harbinger of the Doomed Rat: Just how freaking paranoid does one have to be to turn off cookies?


clipdepelicula.com
 
2014-07-18 05:20:10 AM  
Article showed for a second before redirecting to a "please enable Javascript and Cookies" page... so FARK THAT WEBSITE.  You can pry NoScript out of my cold, dead hands.
 
2014-07-18 05:24:15 AM  
I'm gonna make an assumption, here.

Fired CEO wouldn't gut company, kick profits upchain, distribute mild shareholder bonus and they want somebody who will.

New CEO will do as told, this guy will pay hell finding work, company will go nipples north in a year, assets sold off and then probably reappear under the same name under whatever conglomerate they sell the name to.

Employees will be bent over the dining room table, either way.
 
2014-07-18 05:27:33 AM  

bunner: I'm gonna make an assumption, here.

Fired CEO wouldn't gut company, kick profits upchain, distribute mild shareholder bonus and they want somebody who will.

New CEO will do as told, this guy will pay hell finding work, company will go nipples north in a year, assets sold off and then probably reappear under the same name under whatever conglomerate they sell the name to.

Employees will be bent over the dining room table, either way.


Well, it is the American way.
 
2014-07-18 05:28:03 AM  

Harbinger of the Doomed Rat: TopoGigo: Oh, boy, a site which refuses to show me content unless I turn NoScript off and allow cookies? Let's change all our links to Seacoast.com!

/Subby, you jerk.

Just how freaking paranoid does one have to be to turn off cookies?  "A website can store information I've entered into the site in a text file on my machine and then read that text file later?  Surely only the Illuminati or the lizard people could be behind such malfeasance!"


Yeah, I don't care what they're doing with it, I don't want to be tracked.  You don't get to sell my metadata, not yours.

Website loads fine for me, but then again I don't block the cookies.  I just have them self destruct right after they are used

/don't get me started on Flash cookies which never expire and can keep track of just about everything.
 
2014-07-18 05:29:58 AM  
oi59.tinypic.com
 
2014-07-18 05:35:43 AM  

bunner: I'm gonna make an assumption, here.

Fired CEO wouldn't gut company, kick profits upchain, distribute mild shareholder bonus and they want somebody who will.

New CEO will do as told, this guy will pay hell finding work, company will go nipples north in a year, assets sold off and then probably reappear under the same name under whatever conglomerate they sell the name to.

Employees will be bent over the dining room table, either way.


The company holds a lot of cash. It allows them to build new stores and not pay interest. They get a better deal from suppliers because they pay cash up front. Things like that. It kept costs down, and they really focused on passing that on the the consumer. As a result, volume in high in these stores compared to the local competitors.

The morons on the board think that they can just pay themselves all those cash reserves now, and will still be able to stick to the same business model.
 
2014-07-18 05:37:11 AM  
Yes this is dog:

img.fark.net

Oh, and these pictures they are hanging on all the windows are just weird. That's the actual color. I guess they think more of the public will rally behind him if he looks jaundiced.


www.horrormagazine.it
 
2014-07-18 05:43:04 AM  

robohobo: Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.

If your shop gets organized, fire your shop. There's always more folk who are willing to work.


You disgust me.
 
2014-07-18 05:46:00 AM  

Yes this is dog: The morons on the board think that they can just pay themselves all those cash reserves now, and will still be able to stick to the same business model.


This is the only country I know of where you can do everything the opposite of what makes a business a viable, healthy, low debt enterprise and walk away with 30 mil for your "efforts".
 
2014-07-18 05:52:56 AM  
Arthur T & Arthur S. That is all.
 
2014-07-18 05:59:19 AM  

Shirley Ujest: Arthur T & Arthur S. That is all.


media-cache-ak0.pinimg.com

"Tweedledum and Tweedledee
  Agreed to have a battle;
For Tweedledum said Tweedledee
  Had spoiled his nice new rattle."
 
2014-07-18 06:00:37 AM  

Yes this is dog: bunner: I'm gonna make an assumption, here.

Fired CEO wouldn't gut company, kick profits upchain, distribute mild shareholder bonus and they want somebody who will.

New CEO will do as told, this guy will pay hell finding work, company will go nipples north in a year, assets sold off and then probably reappear under the same name under whatever conglomerate they sell the name to.

Employees will be bent over the dining room table, either way.

The company holds a lot of cash. It allows them to build new stores and not pay interest. They get a better deal from suppliers because they pay cash up front. Things like that. It kept costs down, and they really focused on passing that on the the consumer. As a result, volume in high in these stores compared to the local competitors.

The morons on the board think that they can just pay themselves all those cash reserves now, and will still be able to stick to the same business model.


This^
They are a customer of mine
They pay fast
They make fast decisions
They take risks with new product
They are smarter buyers than most, including those at the worlds largest retailer
This scares me, selfishly and for the market they serve
 
2014-07-18 06:16:23 AM  

Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.


Thirty pieces of silver? Really Thirty pieces of silver?

lol
 
2014-07-18 06:16:45 AM  
It sounds like the company is being run like a focused family business, but the board wants to behave like a corporate behemoth.

/Probably means too many close relatives sold shares or died off.
//I have an urge to watch Young and the Restless.
 
2014-07-18 06:17:42 AM  

Agent Smiths Laugh: robohobo: Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.

If your shop gets organized, fire your shop. There's always more folk who are willing to work.

You disgust me.


Start your own business and we'll see how you respond if the people who work for you organize.
 
2014-07-18 06:30:29 AM  
It's the end of an era. I'm honestly not sure if there are too many chains like Market Basket throughout the country. Their prices are dirt cheap, and their quality is generally equivalent to the competition. All of their stores are jam packed from open to close. For the last 6 months or so, while the whole dispute was going on, Arthur put a 4% off your entire order policy in place - which is on top of their already much cheaper prices. The other huge advantage they have is the diversity and quality of their generic brands. You name it, they got a knock-off, and it's wayyyyyyy cheaper...
 
2014-07-18 06:59:04 AM  

DrPainMD: Agent Smiths Laugh: robohobo: Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.

If your shop gets organized, fire your shop. There's always more folk who are willing to work.

You disgust me.

Start your own business and we'll see how you respond if the people who work for you organize.


For me it's never been about the pay or benefits.  We pay our workers well and the last time someone tried to come in to unionize one of our properties, they laughed him off.  What bugs me non-stop, though, is the petty bullshiat.  I can have 80% union trades on a construction project, and they'll roll up the inflatable rat for the other 20%.  You have some nuclear technicians installing medical imaging equipment and there will be a union electrician sitting on his ass because that's his trade and he needs to get paid too.
 And the sympathy strikes.  Our doormen have been with us in NYC for 20 years.  But if their union calls to strike for some other  reason, we not only pay him, because it's really not his fault, but we have to pay someone else to do his job.

That's where the unions went wrong in my opinion.  The mission changed from protecting workers to protecting power.  And once people started to realize that, they started to lose in the court of public opinion.
 
2014-07-18 06:59:06 AM  
Someone should fire the writer of the article. I was hoping after I read it, I would know: Why was the CEO let go? And Why do the employees want him back?
 
2014-07-18 07:01:31 AM  

hovis: It's the end of an era. I'm honestly not sure if there are too many chains like Market Basket throughout the country. Their prices are dirt cheap, and their quality is generally equivalent to the competition. All of their stores are jam packed from open to close. For the last 6 months or so, while the whole dispute was going on, Arthur put a 4% off your entire order policy in place - which is on top of their already much cheaper prices. The other huge advantage they have is the diversity and quality of their generic brands. You name it, they got a knock-off, and it's wayyyyyyy cheaper...


Market Basket is so tied to the family that runs it, that most of my older relatives, and even me on occasion, refer to it as "Demoulas'".  And I've never heard a bad thing about any of their stores, like unhappy help, dirty, high prices, etc.

inclemency: fark corporate. Twice.

And I find it hard to believe that bag-boys are up in arms with this dismissal.


They actually are.  Last year, the board was trying hard to fire this CEO, but wasn't able to for whatever reason.  Employees throughout the company were demonstrating and incredibly pissed about it.
 
2014-07-18 07:16:49 AM  
http://www.lowellsun.com/breakingnews/ci_26167375/market-basket-offic e -workers-may-be-fired-planned

Story from the Lowell Sun last night.  Hundreds demonstrated in ATD's support at the showdown a year ago.  When he and two other execs were ousted last month, 7 other senior execs quit in protest.  This feud's been going for years and years.  Looks like ASD & co. are bound and determined to get the foie gras out of the golden goose.
 
2014-07-18 07:20:33 AM  
I used to work for Market Basket about 10 years ago and they were a good company to work for.  They gave out a holiday bonus three weeks before Christmas equal to about 2 weeks pay, then another bonus the same size in March along with a couple thousand dollars profit sharing.  There were also set $.25 raises every six months, which isn't bad for a part time retail job.  Full timers got even more I believe.  The employees are very loyal, I still see some people I used to work with when I go shopping there.  They're also the cheapest grocery chain by far in my area.  A $100 trip at Market Basket would easily be a $125-130 trip elsewhere.  They even beat Walmart on several items.  It's a company that just seems to get it right, and I think most employees think that the leadership change will fark everything up.
 
2014-07-18 07:26:41 AM  
I hope they strike, and the company fires them.

I hope  most of their customers stop shopping there.

I hope they lose so much money, that the board caves, apologizes and re-hires EVERYONE; and pays them more.

I hope, whatever the outcome, that the government doesn't insert itself into the situation.
 
2014-07-18 07:27:31 AM  

lewismarktwo: Harbinger of the Doomed Rat: TopoGigo: Oh, boy, a site which refuses to show me content unless I turn NoScript off and allow cookies? Let's change all our links to Seacoast.com!

/Subby, you jerk.

Just how freaking paranoid does one have to be to turn off cookies?  "A website can store information I've entered into the site in a text file on my machine and then read that text file later?  Surely only the Illuminati or the lizard people could be behind such malfeasance!"

Yeah, I don't care what they're doing with it, I don't want to be tracked.  You don't get to sell my metadata, not yours.

Website loads fine for me, but then again I don't block the cookies.  I just have them self destruct right after they are used

/don't get me started on Flash cookies which never expire and can keep track of just about everything.


no one is tracking you.  no one gives a shiat about you.  stop thinking you are someone important.
 
2014-07-18 07:30:20 AM  

DrPainMD: Agent Smiths Laugh: robohobo: Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.

If your shop gets organized, fire your shop. There's always more folk who are willing to work.

You disgust me.

Start your own business and we'll see how you respond if the people who work for you organize.


If they feel they need to then you are not running a responsible business.
 
2014-07-18 07:34:46 AM  

Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.


THIS.
 
2014-07-18 07:42:32 AM  

ArgusRun: That's where the unions went wrong in my opinion. The mission changed from protecting workers to protecting power. And once people started to realize that, they started to lose in the court of public opinion.


Yes.  I have negotiated with locals of several unions, UAW and Teamsters included.  Every time I sat down at that negotiating table I was painfully aware of the fact that I was a lot more concerned about the compensation and welfare of the workers than any of the union reps were.  We had plants where we had some of the best workers you could hope to find.  Management loved them and wanted to make sure we slapped those golden handcuffs on them.  Unions wouldn't allow it.  The great expense with unions is not paying good wages to workers.  It's all the paid time for absolutely non-productive things like stewards' meetings, grievance hearings and the like.
 
2014-07-18 07:56:35 AM  
Tewksbury is a long commute from me, and that means driving through the heart of Darkness Boston during rush-hour, but if there are job openings available after this brouhaha, I'd better send them my resume.
 
2014-07-18 07:57:59 AM  

Yes this is dog: The company holds a lot of cash. It allows them to build new stores and not pay interest. They get a better deal from suppliers because they pay cash up front. Things like that. It kept costs down, and they really focused on passing that on the the consumer. As a result, volume in high in these stores compared to the local competitors.

The morons on the board think that they can just pay themselves all those cash reserves now, and will still be able to stick to the same business model.


It sounds like you're familiar with the company.  The "old" business model of no debt load to service, paying cash, etc. and using that model to keep prices lower is as solid as business models can be.

One might point out that it is bankers and investment managers who want companies to strip out cash and operate on a credit line.  It's the way smart money works.  One could also point out that it's the bankers and investment managers who make money on all that debt.  Market Basket's "old" business model simply cuts into bankers' profits.  We can't have that!

I have seen so many businesses over the years that were hugely successful operating on those very conservative economic principles - no debt, pay vendors faster than the terms dictate, treat employees well, be as fair as possible to customers.  It's the model that works best for everyone except bankers.  Then those companies go public or a new generation takes over and succumbs to the enticements of putting all that money in their pocket instead of holding equity in the company.  And they fail.  Or at least become miserable, soul-sucking companies to work for and difficult to do business with.

As a consultant, I always tried to counsel owners to operate in the cash-rich environment.  But the slickster who promises to take you out of your million dollar home and into a multi-million dollar home and drive a Bentley instead of a Cadillac often wins out, in spite of the damage it does to the company and in spite of the fact that you lose equity in the company by putting wads of cash in your pocket.  But the bankers are happy and that's the most important thing.  At least according to the last couple of Presidents.
 
2014-07-18 08:04:40 AM  

bunner: Yes this is dog: The morons on the board think that they can just pay themselves all those cash reserves now, and will still be able to stick to the same business model.

This is the only country I know of where you can do everything the opposite of what makes a business a viable, healthy, low debt enterprise and walk away with 30 mil for your "efforts".


But we like to think that any one of us could someday be in that awesome situation where we're paid millions for being incompetent. So we elect to protect the dream.

/GOP-voter logic
 
2014-07-18 08:11:05 AM  

mongbiohazard: DrPainMD: Agent Smiths Laugh: robohobo: Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.

If your shop gets organized, fire your shop. There's always more folk who are willing to work.

You disgust me.

Start your own business and we'll see how you respond if the people who work for you organize.

If they feel they need to then you are not running a responsible business.


Ridiculous. Do you think that only sweatshops unionize?
 
2014-07-18 08:11:24 AM  

robohobo: Lee Jackson Beauregard: Do right by your employees, and they'll go to hell and back for you.

Screw them over for thirty pieces of silver, and *you're* the one waging class warfare.

And if your shop gets organized, you had it coming.

If your shop gets organized, fire your shop. There's always more folk who are willing to work.


Favorite plant manager quote: "There are people standing at the gate, waiting for your job."

/he was right.
 
2014-07-18 08:12:12 AM  

NeoCortex42: Market Basket is so tied to the family that runs it, that most of my older relatives, and even me on occasion, refer to it as "Demoulas'". And I've never heard a bad thing about any of their stores, like unhappy help, dirty, high prices, etc.


I give it 2 months before the whole place turns to shiat under the new CEO.
 
2014-07-18 08:12:31 AM  

fusillade762: Corporate employees and managers

Looks to me like all the people making a fuss are management. If they had been store workers subby's "class warfare" bit might have had a point.


actually, the workers do like him.  I shop at their store near my house at least once a week.  He's done wonders for their company and his cousin had a familial axe to grind and ousted him.  I wish they'd reinstate him but it won't happen because they're such douchebags.
 
2014-07-18 08:13:33 AM  
And that's why the 1% stays in power. It's always "those other one percenters" that are the evil criminals, while the ones that sign your paychecks are the only good ones that must be defended at any cost.

/and that's exactly the way it should be
//kick out the "wreckers," and you kick out the people that have proven they understand how economics works
///the result of class war is never a workers' paradise, but instead a workers' mass grave
 
2014-07-18 08:16:16 AM  

Shirley Ujest: Arthur T & Arthur S. That is all.


Doesn't anyone car what U. and R. think?
 
2014-07-18 08:24:21 AM  

ArgusRun: That's where the unions went wrong in my opinion.  The mission changed from protecting workers to protecting power.  And once people started to realize that, they started to lose in the court of public opinion


It's not just the unions.  I made up Thrasherr's law of human endeavor:

Whatever entity is the most organized wins.  The organization required to win over other organized entities drives out interest in everything except winning.
 
2014-07-18 08:25:09 AM  
Coddling and currying favor with the proles at shareholders' expense? Yeah, that's a firin'.

/dnrtfa
//more uninformed gibberish
///power to the slashies!!!
 
2014-07-18 08:25:42 AM  

itsaidwhat: Favorite plant manager quote: "There are people standing at the gate, waiting for your job."

/he was right.


Annnd that's how America crumbled.
 
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