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(WBUR Boston)   Market Basket board of directors have a moment of genius, realize they need a resolution rather soonish. Hey, they booted a great CEO for a little bit more money, this *is* a moment of genius for them   (wbur.org) divider line 43
    More: Followup  
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2144 clicks; posted to Business » on 12 Aug 2014 at 1:52 PM (47 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



43 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-08-12 12:37:18 PM  
About time they started wising up. Artie S's little temper tantrum has cost the company millions.
 
2014-08-12 01:56:41 PM  
Is this Farks fastest followup?
 
2014-08-12 01:58:06 PM  
I thought quick cash grabs were the definition of success in the modern business world.
 
2014-08-12 02:01:21 PM  

cefm: I thought quick cash grabs were the definition of success in the modern business world.


Sure, but typically a bit more finesse is expected.
 
2014-08-12 02:01:44 PM  
this just in. People in charge of running shiat have shiat for brains.
Film at 11.
 
2014-08-12 02:05:55 PM  
Um, from that crowd a moment of "genius" is highly unlikely.  More like a moment of "not completely pants on head retarded."
 
2014-08-12 02:06:38 PM  

Muta: Is this Farks fastest followup?


is there another MB story? I haven't checked the queue.

This was submitted and greened at 7am this morning
 
2014-08-12 02:15:09 PM  

Priapetic: Um, from that crowd a moment of "genius" is highly unlikely.  More like a moment of "not completely pants on head retarded."


The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping.  They still aren't grasping the core concept of what is happening here.
 
2014-08-12 02:19:17 PM  

Dog Welder: The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping. They still aren't grasping the core concept of what is happening here.


They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.
 
2014-08-12 02:30:49 PM  

somedude210: They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.


That will fix it!
 
2014-08-12 02:33:44 PM  

Cheeseface: somedude210: They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.

That will fix it!


seriously, this has already become legendary in terms of "shiat you should never do when dealing with pissy workers"
 
2014-08-12 02:36:38 PM  

somedude210: Dog Welder: The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping. They still aren't grasping the core concept of what is happening here.

They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.


The full timers work but protest after shift. And this isn't a moment a genius, these farkers are still hitting Republican-level amounts of projection and derp by blaming Arthur T. for the protests, lack of sales, and his refusal to be bent over and taking it look a good plebeian.
 
2014-08-12 02:38:01 PM  

anwserman: And this isn't a moment a genius, these farkers are still hitting Republican-level amounts of projection and derp by blaming Arthur T. for the protests, lack of sales, and his refusal to be bent over and taking it look a good plebeian.


yes, but it's progress for them. It's not much progress but considering the direction they were going prior to this, a full stop is better than full speed backwards
 
2014-08-12 02:42:37 PM  

somedude210: Dog Welder: The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping. They still aren't grasping the core concept of what is happening here.

They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.


The problem is most of the workers have been showing up for work and going to the protests on their own free time.  They've cut part timers down to zero hours without laying them off in the hopes they won't have to pay for the unemployment insurance.  Who exactly are they going to fire for abandoning their posts?

They fired 8 people for leading the protests and that just seemed to make their workers and customers even madder.
 
2014-08-12 02:43:00 PM  

somedude210: anwserman: And this isn't a moment a genius, these farkers are still hitting Republican-level amounts of projection and derp by blaming Arthur T. for the protests, lack of sales, and his refusal to be bent over and taking it look a good plebeian.

yes, but it's progress for them. It's not much progress but considering the direction they were going prior to this, a full stop is better than full speed backwards


Fair enough.

I wonder if anyone out there has figured out how much money they've lost total so far. It'd be amusing to see the differences between:

-Profit continued if Arthur T stayed
-Profit they expected to get after changing leadership
-What the greedy farkers actually have now

I'd assume that this would be a finance person's wet dream figuring this out.
 
2014-08-12 02:46:40 PM  

Dog Welder: somedude210: Dog Welder: The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping. They still aren't grasping the core concept of what is happening here.

They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.

The problem is most of the workers have been showing up for work and going to the protests on their own free time.  They've cut part timers down to zero hours without laying them off in the hopes they won't have to pay for the unemployment insurance.  Who exactly are they going to fire for abandoning their posts?

They fired 8 people for leading the protests and that just seemed to make their workers and customers even madder.


Wrong, if you're a non-salaried employee. Reducing one's hours - even temporarily - is grounds for that individual to collect unemployment.

They did that here at Menards in the Midwest. They didn't want to fire staff, but just reduced hours, but Menards bit the bullet and didn't fight when employees drew unemployment.

Menards is very, very anti-employee and anti-unemployment but shiat happens
 
2014-08-12 02:50:07 PM  

Dog Welder: Who exactly are they going to fire for abandoning their posts?


I don't ask questions, I just tell you what they're saying.

I believe their logic and reasoning is that if they're protesting, they're not working, therefore they're abandoning their job.

but you're right about cutting the part-time hours all the way down without laying them off to fark them over, the AGs have already stepped in (at least in NH) and told them "fark no, that's a layoff, assholes"
 
2014-08-12 02:52:03 PM  

anwserman: Wrong, if you're a non-salaried employee. Reducing one's hours - even temporarily - is grounds for that individual to collect unemployment.

They did that here at Menards in the Midwest. They didn't want to fire staff, but just reduced hours, but Menards bit the bullet and didn't fight when employees drew unemployment.


it's if their hours are dropped to 1/3. The managers here have been laying people off so they could get unemployment and the CEOs got pissy at the managers for doing that, the NH AG then got pissed at the CEOs and told them that they were effectively laying them off, therefore they get unemployment.
 
2014-08-12 02:52:56 PM  

Dog Welder: Who exactly are they going to fire for abandoning their posts?


I think there's still some warehouse-level people that aren't making deliveries.  I'm not clear on what exactly is going on with that.  I know at the beginning of all this, there were some in the distribution channels actively refusing to stock the stores.

Of course at this point, putting fresh meat and produce out would mean having to throw it all out since nobody's buying it.
 
2014-08-12 02:59:46 PM  
anwserman:

I'd assume that this would be a finance person's wet dream figuring this out.

More like their nightmare.

Do you really think finance guys really want to analyze something that could lead to greater workers' rights?
 
2014-08-12 03:05:29 PM  

somedude210: anwserman: Wrong, if you're a non-salaried employee. Reducing one's hours - even temporarily - is grounds for that individual to collect unemployment.

They did that here at Menards in the Midwest. They didn't want to fire staff, but just reduced hours, but Menards bit the bullet and didn't fight when employees drew unemployment.

it's if their hours are dropped to 1/3. The managers here have been laying people off so they could get unemployment and the CEOs got pissy at the managers for doing that, the NH AG then got pissed at the CEOs and told them that they were effectively laying them off, therefore they get unemployment.


Here in Wisconsin you can draw as long as you work no more than 32 hours in a week. Problem with 30 hours is that you probably made enough to surpass what unemployment already would have given you.

work 10 or less and you get paid most of your benefit plus get paid for those hours worked.

/was laid off and that's my last two weeks basically
 
2014-08-12 03:07:44 PM  

Riothamus: anwserman:

I'd assume that this would be a finance person's wet dream figuring this out.

More like their nightmare.

Do you really think finance guys really want to analyze something that could lead to greater workers' rights?


Yes. Because then they have three charts with lines demonstrating profit vs. loss, and that treating workers well gave them the line with the steadiest upward direction.

Stability means a lot on finance
 
2014-08-12 03:16:36 PM  

anwserman: Dog Welder: somedude210: Dog Welder: The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping. They still aren't grasping the core concept of what is happening here.

They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.

The problem is most of the workers have been showing up for work and going to the protests on their own free time.  They've cut part timers down to zero hours without laying them off in the hopes they won't have to pay for the unemployment insurance.  Who exactly are they going to fire for abandoning their posts?

They fired 8 people for leading the protests and that just seemed to make their workers and customers even madder.

Wrong, if you're a non-salaried employee. Reducing one's hours - even temporarily - is grounds for that individual to collect unemployment.

They did that here at Menards in the Midwest. They didn't want to fire staff, but just reduced hours, but Menards bit the bullet and didn't fight when employees drew unemployment.

Menards is very, very anti-employee and anti-unemployment but shiat happens



Dog Welder is correct. Market Basket BOD did reduce part time employees to zero hours to try to keep said employees from collecting unemployment. Of course the employees can and should file for unemployment. This is just another move by the BOD that shows they have no idea what they are doing.
 
2014-08-12 03:19:58 PM  

anwserman: Wrong, if you're a non-salaried employee. Reducing one's hours - even temporarily - is grounds for that individual to collect unemployment.


Believe me...I know it's wrong.

The Market Basket BOD doesn't seem to think it's wrong.

They're about to get drilled by the New Hampshire and Mass. Attorneys General.
 
2014-08-12 03:22:14 PM  

max_pooper: anwserman: Dog Welder: somedude210: Dog Welder: The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping. They still aren't grasping the core concept of what is happening here.

They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.

The problem is most of the workers have been showing up for work and going to the protests on their own free time.  They've cut part timers down to zero hours without laying them off in the hopes they won't have to pay for the unemployment insurance.  Who exactly are they going to fire for abandoning their posts?

They fired 8 people for leading the protests and that just seemed to make their workers and customers even madder.

Wrong, if you're a non-salaried employee. Reducing one's hours - even temporarily - is grounds for that individual to collect unemployment.

They did that here at Menards in the Midwest. They didn't want to fire staff, but just reduced hours, but Menards bit the bullet and didn't fight when employees drew unemployment.

Menards is very, very anti-employee and anti-unemployment but shiat happens


Dog Welder is correct. Market Basket BOD did reduce part time employees to zero hours to try to keep said employees from collecting unemployment. Of course the employees can and should file for unemployment. This is just another move by the BOD that shows they have no idea what they are doing.


We're both correct? I'm not denying that Dog Welder's statement about their intent is correct, but the Market Basket Bag of Dicks (BOD) were very wrong to think that their employers couldn't draw unemployment
 
2014-08-12 03:25:01 PM  
Employees. Damn autocorrect
 
2014-08-12 03:29:57 PM  
Dig UP, stupids!
 
2014-08-12 03:55:23 PM  
The fat does seem to rise to the top in business these days..
 
2014-08-12 04:59:17 PM  
My wife and I usually shop at MB and it's been the best/worst soap opera in New England history to watch this.
 
2014-08-12 04:59:32 PM  

anwserman: Riothamus: anwserman:

I'd assume that this would be a finance person's wet dream figuring this out.

More like their nightmare.

Do you really think finance guys really want to analyze something that could lead to greater workers' rights?

Yes. Because then they have three charts with lines demonstrating profit vs. loss, and that treating workers well gave them the line with the steadiest upward direction.

Stability means a lot on finance


I'm a finance guy. We love it when employees get raises, management gets bonuses, and the stakeholders get paid through dividends and rising share value. That means you are doing business right and life is easier for everyone.
 
2014-08-12 05:57:26 PM  
I wonder why a group hasnt formed yet in the BOD to kick bad Artie to the curb, all those big profits they were promised sure aint showing up yet.  And the BOD is all family anyways hell if they could do it to one Artie they can do it to another.
 
2014-08-12 06:09:07 PM  

groppet: I wonder why a group hasnt formed yet in the BOD to kick bad Artie to the curb, all those big profits they were promised sure aint showing up yet.  And the BOD is all family anyways hell if they could do it to one Artie they can do it to another.


The division in the board basically comes down to Artie S vs Artie T.  The fact that ASD was finally able to get enough votes to fire his cousin (which he's been trying to do for a while now) means that he has enough board votes on his side that nothing's going to happen to him.
 
2014-08-12 06:12:05 PM  

anwserman: somedude210: Dog Welder: The problem is they KNOW time is running out, but their solution is still telling the workers to get back to work and the shoppers to get back to shopping. They still aren't grasping the core concept of what is happening here.

They actually just announced that they will be firing workers for "abandoning their jobs" by some day this week.

The full timers work but protest after shift. And this isn't a moment a genius, these farkers are still hitting Republican-level amounts of projection and derp by blaming Arthur T. for the protests, lack of sales, and his refusal to be bent over and taking it look a good plebeian.


Awesome. 12 posts before some asshole had to come in here and insult a political party unrelated to the situation.
 
2014-08-12 06:19:26 PM  

skrame: Awesome. 12 posts before some asshole had to come in here and insult a political party unrelated to the situation.


The actions taken with Market Basket are a rip from the GOP playbook.  It's not an insult, it's calling out the truth as I see it.  I'd wager that any sane, political-saavy person would do the same.  Also, more butthurt saying people shouldn't be so mean and play nice... another GOP tactic ;)
 
2014-08-12 07:31:08 PM  
"Moment of genius" is that moment when one of the Bowl of Dicks becomes an hero, and utter brilliance will be had if Stupidman joins the parade.
 
2014-08-12 07:56:30 PM  

NeoCortex42: groppet: I wonder why a group hasnt formed yet in the BOD to kick bad Artie to the curb, all those big profits they were promised sure aint showing up yet.  And the BOD is all family anyways hell if they could do it to one Artie they can do it to another.

The division in the board basically comes down to Artie S vs Artie T.  The fact that ASD was finally able to get enough votes to fire his cousin (which he's been trying to do for a while now) means that he has enough board votes on his side that nothing's going to happen to him.


I think it comes down to this:

At what point do they realize they made a huge mistake and kick Artie S. to the curb? I'm sure they're being fed a bunch of reassurances that everything will be okay, but at what point do they realize this is a lie?
 
2014-08-12 08:16:15 PM  

Dog Welder: NeoCortex42: groppet: I wonder why a group hasnt formed yet in the BOD to kick bad Artie to the curb, all those big profits they were promised sure aint showing up yet.  And the BOD is all family anyways hell if they could do it to one Artie they can do it to another.

The division in the board basically comes down to Artie S vs Artie T.  The fact that ASD was finally able to get enough votes to fire his cousin (which he's been trying to do for a while now) means that he has enough board votes on his side that nothing's going to happen to him.

I think it comes down to this:

At what point do they realize they made a huge mistake and kick Artie S. to the curb? I'm sure they're being fed a bunch of reassurances that everything will be okay, but at what point do they realize this is a lie?


You underestimate the power of family feuds.  They know exactly where they stand and what's going to happen as time passes.
 
2014-08-12 08:39:38 PM  
So, this article basically says nothing new. Yes, they need a resolution, but they aren't doing anything about doing so besides letting Artie T back in to 'clean things up; when they sell off the company behind him...yes great resolution there.
 
2014-08-12 09:38:04 PM  

NeoCortex42: Dog Welder: NeoCortex42: groppet: I wonder why a group hasnt formed yet in the BOD to kick bad Artie to the curb, all those big profits they were promised sure aint showing up yet.  And the BOD is all family anyways hell if they could do it to one Artie they can do it to another.

The division in the board basically comes down to Artie S vs Artie T.  The fact that ASD was finally able to get enough votes to fire his cousin (which he's been trying to do for a while now) means that he has enough board votes on his side that nothing's going to happen to him.

I think it comes down to this:

At what point do they realize they made a huge mistake and kick Artie S. to the curb? I'm sure they're being fed a bunch of reassurances that everything will be okay, but at what point do they realize this is a lie?

You underestimate the power of family feuds.  They know exactly where they stand and what's going to happen as time passes.


Oh, I know all rationality goes out the window, but you'd think maybe one person out of the bunch might start having second thoughts about all of this. A $3.5 billion company is getting closer and closer to ruin...all in a matter of weeks.
 
2014-08-12 09:57:40 PM  

Dog Welder: NeoCortex42: Dog Welder: NeoCortex42: groppet: I wonder why a group hasnt formed yet in the BOD to kick bad Artie to the curb, all those big profits they were promised sure aint showing up yet.  And the BOD is all family anyways hell if they could do it to one Artie they can do it to another.

The division in the board basically comes down to Artie S vs Artie T.  The fact that ASD was finally able to get enough votes to fire his cousin (which he's been trying to do for a while now) means that he has enough board votes on his side that nothing's going to happen to him.

I think it comes down to this:

At what point do they realize they made a huge mistake and kick Artie S. to the curb? I'm sure they're being fed a bunch of reassurances that everything will be okay, but at what point do they realize this is a lie?

You underestimate the power of family feuds.  They know exactly where they stand and what's going to happen as time passes.

Oh, I know all rationality goes out the window, but you'd think maybe one person out of the bunch might start having second thoughts about all of this. A $3.5 billion company is getting closer and closer to ruin...all in a matter of weeks.


You're making the mistake of assuming that the BOD have no intention of taking a nose-cutting, face-spiting scorched-earth strategy just to make sure Artie T. doesn't get so much as one cent out of the company.
 
2014-08-12 11:15:49 PM  

anwserman: skrame: Awesome. 12 posts before some asshole had to come in here and insult a political party unrelated to the situation.

The actions taken with Market Basket are a rip from the GOP playbook.  It's not an insult, it's calling out the truth as I see it.  I'd wager that any sane, political-saavy person would do the same.  Also, more butthurt saying people shouldn't be so mean and play nice... another GOP tactic ;)


That's great, but that's not what you said initially. You said "hitting Republican-level amounts of projection and derp"; you didn't say what they were doing was Republican-ish. Proclaiming that any sane and political savvy person would agree with you is arrogant. Both parties do this shiat; it's not an (R) thing any more.

I'm not sure if that last part is aimed at me; the smiley makes it seem like it is. I'm not trying to make everyone here play nice. I know what site I'm on. I just want to be able to read a business story without the discussion devolving into Donkey v. Elephant. There's already a tab for that, and if I wanted more shiat-slinging I'd go read the comments under a Yahoo article or YouTube video.

/not even a Republican
 
2014-08-12 11:32:38 PM  

skrame: anwserman: skrame: Awesome. 12 posts before some asshole had to come in here and insult a political party unrelated to the situation.

The actions taken with Market Basket are a rip from the GOP playbook.  It's not an insult, it's calling out the truth as I see it.  I'd wager that any sane, political-saavy person would do the same.  Also, more butthurt saying people shouldn't be so mean and play nice... another GOP tactic ;)

That's great, but that's not what you said initially. You said "hitting Republican-level amounts of projection and derp"; you didn't say what they were doing was Republican-ish. Proclaiming that any sane and political savvy person would agree with you is arrogant. Both parties do this shiat; it's not an (R) thing any more.

I'm not sure if that last part is aimed at me; the smiley makes it seem like it is. I'm not trying to make everyone here play nice. I know what site I'm on. I just want to be able to read a business story without the discussion devolving into Donkey v. Elephant. There's already a tab for that, and if I wanted more shiat-slinging I'd go read the comments under a Yahoo article or YouTube video.

/not even a Republican


I thought the comparison was apt.
 
2014-08-13 11:07:56 AM  

Dog Welder: NeoCortex42: groppet: I wonder why a group hasnt formed yet in the BOD to kick bad Artie to the curb, all those big profits they were promised sure aint showing up yet.  And the BOD is all family anyways hell if they could do it to one Artie they can do it to another.

The division in the board basically comes down to Artie S vs Artie T.  The fact that ASD was finally able to get enough votes to fire his cousin (which he's been trying to do for a while now) means that he has enough board votes on his side that nothing's going to happen to him.

I think it comes down to this:

At what point do they realize they made a huge mistake and kick Artie S. to the curb? I'm sure they're being fed a bunch of reassurances that everything will be okay, but at what point do they realize this is a lie?


The BoD has little to actually say in the matter... the voting shares are controlled 50.5% on the ASD side of the aisle and 49.5% in the ATD side.  It would take on of the family members (the only shareholders in the company) changing allegiance or selling out to resolve the matter.

As things currently stand, if the board put it to a vote of the shareholders, nothing would change.
 
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