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(WMTW Portland)   68 of 71 Market Basket store managers formally demand reinstatement of the previous CEO or they'll walk   (wmtw.com) divider line 60
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1669 clicks; posted to Business » on 30 Jul 2014 at 9:04 PM (25 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-30 05:34:55 PM  
"The board said an offer from Arthur T. Demoulas is one of several options."

What are the others? Firing every manager and starting over from scratch? Selling the entire chain for scrap parts?
 
2014-07-30 05:37:57 PM  
This is what happens when you hire a CEO that gives a flying fark about the people in the trenches.
 
2014-07-30 05:40:08 PM  

Serious Black: Selling the entire chain for scrap parts?


When you take over a retail chain, you NEED the store managers.  At least for a while.  So if the managers are serious about walking, there's nothing out there short of vultures that would be willing to take over in that kind of environment.
 
2014-07-30 05:40:34 PM  
This is the difference between leadership and authority and it makes a big difference when it matters.
 
2014-07-30 05:45:09 PM  
Fark the other three.
 
2014-07-30 05:45:11 PM  
The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.
 
2014-07-30 05:46:41 PM  

ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.


You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against? Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?
 
2014-07-30 05:49:19 PM  

ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.


Maybe if your job is picking strawberries...
 
2014-07-30 06:32:48 PM  

ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.


Maybe but they wouldn't be trained by 4:30.
 
2014-07-30 07:06:50 PM  

Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against?


Yes.  Because they are not toddlers (one hopes) and will understand that it's not the new manager's fault that the old manager walked.  And if they won't... well, it's not like store clerk jobs are hard to fill.


Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.
 
2014-07-30 08:00:22 PM  

Benevolent Misanthrope: Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against?

Yes.  Because they are not toddlers (one hopes) and will understand that it's not the new manager's fault that the old manager walked.  And if they won't... well, it's not like store clerk jobs are hard to fill.


Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.


You know how I know you haven't been watching this story?
 
2014-07-30 08:12:05 PM  

Benevolent Misanthrope: Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against?

Yes.  Because they are not toddlers (one hopes) and will understand that it's not the new manager's fault that the old manager walked.  And if they won't... well, it's not like store clerk jobs are hard to fill.


Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.


I'm guessing you have absolutely no idea what's been going on with Market Basket. Here's a timeline of the events.

http://www.bostonglobe.com/business/2014/07/29/timeline-events-market - basket-standoff/Vd6rjjNXSKoAsN9Sk2RlBN/story.html
 
2014-07-30 08:12:43 PM  

FriarReb98: Benevolent Misanthrope: Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against?

Yes.  Because they are not toddlers (one hopes) and will understand that it's not the new manager's fault that the old manager walked.  And if they won't... well, it's not like store clerk jobs are hard to fill.


Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.

You know how I know you haven't been watching this story?


You're right - first I've heard of it.  Care to fill me in?
 
2014-07-30 08:14:37 PM  

Benevolent Misanthrope: FriarReb98: Benevolent Misanthrope: Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against?

Yes.  Because they are not toddlers (one hopes) and will understand that it's not the new manager's fault that the old manager walked.  And if they won't... well, it's not like store clerk jobs are hard to fill.


Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.

You know how I know you haven't been watching this story?

You're right - first I've heard of it.  Care to fill me in?


See my above timeline. TL;DR: this story is an actual, real life, honest to God, in the flesh unicorn.
 
2014-07-30 08:23:53 PM  

Serious Black: Benevolent Misanthrope: FriarReb98: Benevolent Misanthrope: Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against?

Yes.  Because they are not toddlers (one hopes) and will understand that it's not the new manager's fault that the old manager walked.  And if they won't... well, it's not like store clerk jobs are hard to fill.


Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.

You know how I know you haven't been watching this story?

You're right - first I've heard of it.  Care to fill me in?

See my above timeline. TL;DR: this story is an actual, real life, honest to God, in the flesh unicorn.


You are not kidding.  Wow.
 
2014-07-30 09:20:00 PM  
Holy crap.  So this is what a spat between two rich, white WASPy guys gone public looks like.  BORING.

(Surprised they haven't been bought by Whole Foods yet)
 
2014-07-30 09:31:22 PM  

Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against? Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?


You really think 68 experienced grocery store managers are going to give up their livelihoods over loyalty to their CEO? You really think grocery store workers are that hard to find?

I think there is more to the story than has been told in popular media. There have been real estate deals between market basket and Arthur T's family members that Arthur S and the other cousins feel are shady.

Anyway, Arthur T should offer the other cousins a fair price to buyout their stock. Best case scenario.
 
2014-07-30 09:45:28 PM  

Serious Black: "The board said an offer from Arthur T. Demoulas is one of several options."

What are the others? Firing every manager and starting over from scratch? Selling the entire chain for scrap parts?


It's retail. Firing everyone and anyone making above minimum wage is an option that's always on the table.
 
2014-07-30 09:53:31 PM  

FriarReb98: Benevolent Misanthrope: Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against?

Yes.  Because they are not toddlers (one hopes) and will understand that it's not the new manager's fault that the old manager walked.  And if they won't... well, it's not like store clerk jobs are hard to fill.


Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.

You know how I know you haven't been watching this story?


It is true that customers will come back, but the damage will be too severe. They have already lost millions of dollars. Recruiting and training an entire new staff will cost a ton and take some time as well. They may run out of money by then, and they will never have the same customer count that they once enjoyed.
 
2014-07-30 10:08:51 PM  

Debeo Summa Credo: Serious Black: ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.

You really think the Market Basket employees are going to go back to work for a bunch of managers that were hired by the very CEOs they're protesting against? Or that the customers will go back to shopping at a store run by managers hired by the CEOs they protested against?

You really think 68 experienced grocery store managers are going to give up their livelihoods over loyalty to their CEO? You really think grocery store workers are that hard to find?

I think there is more to the story than has been told in popular media. There have been real estate deals between market basket and Arthur T's family members that Arthur S and the other cousins feel are shady.

Anyway, Arthur T should offer the other cousins a fair price to buyout their stock. Best case scenario.


You think it's more likely that 68 experienced grocery store managers who have already been protesting because of loyalty to their old CEO for weeks now are bluffing? I don't.

You're idly speculating about what we don't know instead of focusing on what we do know, which is that the managers, the workers and the customers of Market Basket are pissed off, and they aren't going to let this rest until either they get their way or the company is worthless. And believe me, nobody wants their hands on a company that has already seen its workforce and customer base revolt and had six top corporate workers resign; losing most of the management would be a stake in the heart.

By the way, Arthur T already has offered to buy the company back. The board has no other offers because they've all been withdrawn. Arthur T can offer whatever the hell he wants because he is the reason the company is worth even one stinking penny.
 
2014-07-30 10:25:32 PM  
Does anyone know what Arthur T. did to earn such loyalty from the employees? You got a fark-ton of people willing to give up their livelihood for one guy. That's pretty farkin' impressive.

/Thornton and Gooch sound like a couple of twats
 
2014-07-30 10:51:31 PM  
Elsewhere, in 1948:

"A reorganization was completed on September 18, 1947. Frederic C. Dumaine, Sr. and others, including Patrick B. McGinnis (1904-1973), gained control in 1948. The experienced executives who had overseen the reorganization were dismissed, new management came in, and the railroad began another plunge into the depths. Frederic C. Dumaine, Jr. took over after his father's death in 1951 and immediately set about restoring the condition of the railroad and the morale of the employees. In 1953, control passed from the preferred stockholders to the common stockholders. A proxy fight then ensued between McGinnis and incumbent president Dumaine; McGinnis emerged as the victor and sought to maximize revenue for shareholders. To do this, he deferred maintenance and ordered experimental lightweight trains for Boston-New York service. Another McGinnis contribution was a new image of red-orange, black and white, designed by his wife Lucille. While this innovation would prove popular with Connecticut residents, commuters revolted at the imposition of parking charges at stations. Hurricanes in 1955 washed out a number of important lines. Upon McGinnis' departure for the B&M in 1956, auditors found the NH in a perilous state; earnings for 1955 were less than half of what McGinnis had claimed. McGinnis' financial dealings ultimately culminated in a prison sentence for receiving kickbacks on the sale of B&M's streamlined passenger cars, ending his career in railroading."
 
2014-07-30 11:06:06 PM  
so...theres going to be some quick advancement here in a few weeks.
 
2014-07-30 11:08:29 PM  
The Wall Street Journal had an opinion piece about this, and pointed out that some of the co-owners of the closely-held company thought the CEO had been up to some questionable self-dealing on several real estate transactions. It also offered the solution to all this: let the ex-CEO buy their shares. That way he can run the company as he sees fit and they can extract themselves from an acrimonious relationship and go do something else.
 
2014-07-30 11:09:52 PM  

Outlaw2097: so...theres going to be some quick advancement here in a few weeks.


Maybe. Of course it would be like being promoted to Captain on the Titanic the way things are going.
 
2014-07-30 11:10:18 PM  

scottydoesntknow: Does anyone know what Arthur T. did to earn such loyalty from the employees? You got a fark-ton of people willing to give up their livelihood for one guy. That's pretty farkin' impressive.

/Thornton and Gooch sound like a couple of twats


Good wages, Christmas bonuses, profit sharing, quality health plans, and actually taking time to talk to employees and customers. Additionally knocked 4% off all transactions to help out people with their grocery bills during the recession.

This guy is an abnormality in the business world, and he's still making plenty of profit. His cousin, who ousted Arthur T. did so because he feltbArthur T. was "too generous" to employees and customers and wanted more profit.

As someone said above, this story is an in-the-flesh unicorn.
 
2014-07-30 11:14:53 PM  

jjorsett: The Wall Street Journal had an opinion piece about this, and pointed out that some of the co-owners of the closely-held company thought the CEO had been up to some questionable self-dealing on several real estate transactions. It also offered the solution to all this: let the ex-CEO buy their shares. That way he can run the company as he sees fit and they can extract themselves from an acrimonious relationship and go do something else.


The problem is the cousins who took over have proven themselves to be shady liars in the past. I'm on a mobile device and can't post the link but a Google search will turn it up. Long story short, Arthur S. has zero credibility when it comes to honesty. If he told me the sky is blue or water is wet, I wouldn't believe him.
 
2014-07-30 11:15:47 PM  

scottydoesntknow: Does anyone know what Arthur T. did to earn such loyalty from the employees? You got a fark-ton of people willing to give up their livelihood for one guy. That's pretty farkin' impressive.

/Thornton and Gooch sound like a couple of twats


He's come up with this wild theory that you can do well for yourself financially without completely screwing over your employees. As a matter of fact, treating your employees very well leads to passionate employees who give great customer service, which in turn leads to devoted customers.

Some examples I've seen in various articles:

Dedicated lifelong employee gets cancer? Keep them on payroll full time despite the fact that chemo leaves them unable to work full time.

Debo's buddy's bank fraud makes part of the employee retirement fund worthless when it turns out that "AAA rated investments" are actually toxic waste garbage? Replace that money and make their retirement fund whole again.

No wonder the employees are willing to take a stand for the guy. He actually acts in his own enlightened self interest and does well by doing good.
 
2014-07-30 11:19:40 PM  

ecmoRandomNumbers: The problem with walking out on your job in this shiat-hole economy is that there are 400 people who can replace you by 4:30 this afternoon.


Okay, great. How many people in the company are going to be left to make all those hires? Because that might be a problem.
 
2014-07-30 11:23:12 PM  
 
2014-07-30 11:28:59 PM  
And let's be honest here, any replacement worker is going to be treated basically as a scab in this case, union or no union. Any shiny new worker at a Market Basket is going to be one of the most hated people in town. Anyone who applies is going to have to be comfortable with that.
 
2014-07-30 11:30:06 PM  

BullBearMS: scottydoesntknow: Does anyone know what Arthur T. did to earn such loyalty from the employees? You got a fark-ton of people willing to give up their livelihood for one guy. That's pretty farkin' impressive.

/Thornton and Gooch sound like a couple of twats

He's come up with this wild theory that you can do well for yourself financially without completely screwing over your employees. As a matter of fact, treating your employees very well leads to passionate employees who give great customer service, which in turn leads to devoted customers.

Some examples I've seen in various articles:

Dedicated lifelong employee gets cancer? Keep them on payroll full time despite the fact that chemo leaves them unable to work full time.

Debo's buddy's bank fraud makes part of the employee retirement fund worthless when it turns out that "AAA rated investments" are actually toxic waste garbage? Replace that money and make their retirement fund whole again.

No wonder the employees are willing to take a stand for the guy. He actually acts in his own enlightened self interest and does well by doing good.


This guy sounds like a Socialist and should not be trusted.
 
2014-07-30 11:38:57 PM  
My theory is that this is the grandest and most expensive viral marketing campaign in human history.  After one or two more rounds of Power-To-The-People grassroots organizing, Arthur T. will be reinstated, and then the rejoicing and feel-gooding will commence.

Customers will come back in droves.  There will literally be dancing in the aisles.  Creditors will climb over each other's backs to lend them money.  The brand will expand to all 50 states, then go global, and then become the first grocery store in space due to a smiles-and-back-slapping deal with Virgin.  The story about how the little guy stuck it to The Man will be made into a historical fiction novel, then a movie starring George Clooney  as Arthur T. and a cruelly disfigured (via makeup) and hunchbacked John Malkovich as Arthur S.  A reality show called "I Want My Old Boss Back" will spin off.

And the folks who engineered the whole thing will sink back into their overstuffed leather thrones and light their cigars with $100 bills while chuckling about how stupid all of suckers were.
 
2014-07-30 11:40:19 PM  

BullBearMS: scottydoesntknow: Does anyone know what Arthur T. did to earn such loyalty from the employees? You got a fark-ton of people willing to give up their livelihood for one guy. That's pretty farkin' impressive.

/Thornton and Gooch sound like a couple of twats

He's come up with this wild theory that you can do well for yourself financially without completely screwing over your employees. As a matter of fact, treating your employees very well leads to passionate employees who give great customer service, which in turn leads to devoted customers.

Some examples I've seen in various articles:

Dedicated lifelong employee gets cancer? Keep them on payroll full time despite the fact that chemo leaves them unable to work full time.

Debo's buddy's bank fraud makes part of the employee retirement fund worthless when it turns out that "AAA rated investments" are actually toxic waste garbage? Replace that money and make their retirement fund whole again.

No wonder the employees are willing to take a stand for the guy. He actually acts in his own enlightened self interest and does well by doing good.


If only all businesses were run by class acts like him. The world really would be a better place to live.
 
2014-07-31 12:18:21 AM  
So, you're saying there are 68 jobs opening up?  Hey, scab money is still money and it feeds the family.  I don't know why anyone who needs a job should feel bad for applying for them.
 
2014-07-31 01:11:46 AM  

gadian: So, you're saying there are 68 jobs opening up? Hey, scab money is still money and it feeds the family. I don't know why anyone who needs a job should feel bad for applying for them.


Except, who is going to hire the store managers when the people who would normally do that have bolted already? And if the store managers bolt, you can't hire new store employees. And anyways, it doesn't look like anyone is really interested in working there and worse it looks like no one wants to shop there.
 
2014-07-31 01:13:02 AM  

WhyteRaven74: gadian: So, you're saying there are 68 jobs opening up? Hey, scab money is still money and it feeds the family. I don't know why anyone who needs a job should feel bad for applying for them.

Except, who is going to hire the store managers when the people who would normally do that have bolted already? And if the store managers bolt, you can't hire new store employees. And anyways, it doesn't look like anyone is really interested in working there and worse it looks like no one wants to shop there.


And who would train them?  You might as well find a pack of chimpanzees to run the stores.
 
2014-07-31 01:40:08 AM  

Ambivalence: And who would train them? You might as well find a pack of chimpanzees to run the stores.


Well they already have monkeys running the company.
 
2014-07-31 03:40:40 AM  

Dog Welder: jjorsett: The Wall Street Journal had an opinion piece about this, and pointed out that some of the co-owners of the closely-held company thought the CEO had been up to some questionable self-dealing on several real estate transactions. It also offered the solution to all this: let the ex-CEO buy their shares. That way he can run the company as he sees fit and they can extract themselves from an acrimonious relationship and go do something else.

The problem is the cousins who took over have proven themselves to be shady liars in the past. I'm on a mobile device and can't post the link but a Google search will turn it up. Long story short, Arthur S. has zero credibility when it comes to honesty. If he told me the sky is blue or water is wet, I wouldn't believe him.


That is the beauty of a buyout: it doesn't matter who's lying or crooked. They could all be. Once a single party owns the company, the battling stops.
 
2014-07-31 06:52:15 AM  

Gosling: And let's be honest here, any replacement worker is going to be treated basically as a scab in this case, union or no union. Any shiny new worker at a Market Basket is going to be one of the most hated people in town. Anyone who applies is going to have to be comfortable with that.


Doubtful for long. Most people understand that others have a right to try to make a living, and people's memories are short.

Sure, some of the replaced workers might hate replacement workers, but they shouldn't. After all, they quit their jobs. Why should they complain when the jobs they willingly left are filled.
 
2014-07-31 09:16:09 AM  
Do they think a business is a democratic entity? LOL!!
 
2014-07-31 09:20:38 AM  

Debeo Summa Credo: Gosling: And let's be honest here, any replacement worker is going to be treated basically as a scab in this case, union or no union. Any shiny new worker at a Market Basket is going to be one of the most hated people in town. Anyone who applies is going to have to be comfortable with that.

Doubtful for long. Most people understand that others have a right to try to make a living, and people's memories are short.

Sure, some of the replaced workers might hate replacement workers, but they shouldn't. After all, they quit their jobs. Why should they complain when the jobs they willingly left are filled.


There would be no jobs to fill if the customers stayed away. And all indications are that the Market Basket customer base is virtually unified in protest with the managers and the rest of the workforce. One assistant manager has said that sales are down about 75% since the ownership change about a month ago. Grocery stores are a very stable industry with pretty inelastic demand. People need to eat simply to survive. 75% drops in sales at grocery stores simply do not happen.
 
2014-07-31 09:38:56 AM  
Precisely. Soon enough there won't even be a grocery store to get hired at if Arthur T. isn't reinstated. Employees and customers alike are perfectly happy to let the company burn to the ground.
 
2014-07-31 09:54:22 AM  

Serious Black: Debeo Summa Credo: Gosling: And let's be honest here, any replacement worker is going to be treated basically as a scab in this case, union or no union. Any shiny new worker at a Market Basket is going to be one of the most hated people in town. Anyone who applies is going to have to be comfortable with that.

Doubtful for long. Most people understand that others have a right to try to make a living, and people's memories are short.

Sure, some of the replaced workers might hate replacement workers, but they shouldn't. After all, they quit their jobs. Why should they complain when the jobs they willingly left are filled.

There would be no jobs to fill if the customers stayed away. And all indications are that the Market Basket customer base is virtually unified in protest with the managers and the rest of the workforce. One assistant manager has said that sales are down about 75% since the ownership change about a month ago. Grocery stores are a very stable industry with pretty inelastic demand. People need to eat simply to survive. 75% drops in sales at grocery stores simply do not happen.


Because the workers aren't stocking the shelves, as I understand it. If a plant goes on strike and due to the strike production goes down, sales will go down as well. Not because of customer boycotts, but because of the labor strike affecting supply.

Customers memories are short. MB doesn't have to worry about customers coming back if they can get service and prices back to near where they were before (big assumption I realize), and they have the liquidity to weather a short term storm.
 
2014-07-31 10:06:36 AM  

sugardave: BullBearMS: scottydoesntknow: Does anyone know what Arthur T. did to earn such loyalty from the employees? You got a fark-ton of people willing to give up their livelihood for one guy. That's pretty farkin' impressive.

/Thornton and Gooch sound like a couple of twats

He's come up with this wild theory that you can do well for yourself financially without completely screwing over your employees. As a matter of fact, treating your employees very well leads to passionate employees who give great customer service, which in turn leads to devoted customers.

Some examples I've seen in various articles:

Dedicated lifelong employee gets cancer? Keep them on payroll full time despite the fact that chemo leaves them unable to work full time.

Debo's buddy's bank fraud makes part of the employee retirement fund worthless when it turns out that "AAA rated investments" are actually toxic waste garbage? Replace that money and make their retirement fund whole again.

No wonder the employees are willing to take a stand for the guy. He actually acts in his own enlightened self interest and does well by doing good.

This guy sounds like a Socialist and should not be trusted.


No, he's white.
 
2014-07-31 10:15:03 AM  

Serious Black: "The board said an offer from Arthur T. Demoulas is one of several options."

What are the others? Firing every manager and starting over from scratch? Selling the entire chain for scrap parts?


As doubled down as these guys seem to be, from reading the fark articles they very well might decide to burn the damn thing down

it's a family feud more then it is business
 
2014-07-31 10:19:18 AM  

Benevolent Misanthrope: I don't think customers give a shiat who the manager is of their supermarket, as long as the prices match the shelves and sale flyer when they check out.  I have 3 markets within 10 minutes of my home, and I have no idea who manages any of them.

It's nice to think that The People would rise up against the evil of the Market Basket Board... but things just don't happen that way.  People rarely think of the greater issue over their immediate surroundings.


except there have been customers protesting this

it is weird, but damn folks are loyal to the original managament of this grocery store

now if this walmart, safeway/albertsons we'd probably be saying good riddance
 
2014-07-31 10:26:36 AM  

Debeo Summa Credo: Serious Black: Debeo Summa Credo: Gosling: And let's be honest here, any replacement worker is going to be treated basically as a scab in this case, union or no union. Any shiny new worker at a Market Basket is going to be one of the most hated people in town. Anyone who applies is going to have to be comfortable with that.

Doubtful for long. Most people understand that others have a right to try to make a living, and people's memories are short.

Sure, some of the replaced workers might hate replacement workers, but they shouldn't. After all, they quit their jobs. Why should they complain when the jobs they willingly left are filled.

There would be no jobs to fill if the customers stayed away. And all indications are that the Market Basket customer base is virtually unified in protest with the managers and the rest of the workforce. One assistant manager has said that sales are down about 75% since the ownership change about a month ago. Grocery stores are a very stable industry with pretty inelastic demand. People need to eat simply to survive. 75% drops in sales at grocery stores simply do not happen.

Because the workers aren't stocking the shelves, as I understand it. If a plant goes on strike and due to the strike production goes down, sales will go down as well. Not because of customer boycotts, but because of the labor strike affecting supply.

Customers memories are short. MB doesn't have to worry about customers coming back if they can get service and prices back to near where they were before (big assumption I realize), and they have the liquidity to weather a short term storm.


You do realize that the managers, workers, and customers are all protesting because they (probably rightly) believe the new corporate management wants to strip mine the company by getting rid of fringe benefits, jacking up prices on products, and short-changing distributors to funnel more money into their pockets, right?
 
2014-07-31 10:34:51 AM  
This has been a fascinating story since I have started to follow it a few weeks ago. And the store managers seem to see the writing on the wall since hte boared brings in two co CEOs with a record of bad management. And they probably would have new "assistant" Managers that would replace them for way less money. I did like what old loyal MB customers were doing by shopping at other stores and taping their recipts on MB store windows with notes.
 
2014-07-31 10:37:40 AM  
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