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(Boston.com)   Actual transcripts from Market Basket board meetings have it all. Anger, jealousy, references to the Pope. Wait, what?   (boston.com ) divider line
    More: Amusing, Arthur S. Demoulas, Boston Globe, The Market, standard of review  
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1757 clicks; posted to Business » on 15 Aug 2014 at 2:18 PM (1 year ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-08-15 01:01:22 PM  
Artie S. sounds like every bit the asshat I expected him to be.
 
2014-08-15 02:13:16 PM  
The linked article removes the context for the pope quote.  From the full Boston Globe report:

In October 2011, El-Hage asked Arthur T. whether he thought he had unlimited spending authority as chief executive.

"I do not know of any restriction that's out there, and I do not care to have any restriction, quite frankly," Arthur T. said.

"You're not Catholic, are you, Arthur?" El-Hage said. "That's a serious question. You're Greek, so you practice Greek Orthodox."

"Right," Arthur T. replied.

El-Hage zeroed in on his point: "That explains it, because in my religion we believe only the pope is infallible."


The reference to the pope was based on Artie T. not wanting board review of his spending.  Much snappier with context.
 
2014-08-15 02:13:38 PM  

Saborlas: Artie S. sounds like every bit the asshat I expected him to be.


Have you seen his picture? He has "internet douche" written all over him
 
2014-08-15 02:37:16 PM  
So Artie T. was excommunicated as opposed to fired?
 
2014-08-15 02:38:54 PM  

Who cares?

It's two rich guys fighting over an ant farm. The ants like the first rich guy more than the second rich guy. The second rich guy took the ant firm, shook it a bit, and discovered that ants can be a bit bitey when provoked. The first rich guy is using the ant bites as a way of getting the second rich guy to give him back the ant farm, but the second rich guy would rather break the ant farm than return it - the second rich guy's friends get to play with the ant farm more this way, and so they're largely backing the second rich guy.

The moral of this story? You're still ants.
 
2014-08-15 02:40:30 PM  
 
2014-08-15 02:41:55 PM  

FormlessOne: Who cares?It's two rich guys fighting over an ant farm. The ants like the first rich guy more than the second rich guy. The second rich guy took the ant firm, shook it a bit, and discovered that ants can be a bit bitey when provoked. The first rich guy is using the ant bites as a way of getting the second rich guy to give him back the ant farm, but the second rich guy would rather break the ant farm than return it - the second rich guy's friends get to play with the ant farm more this way, and so they're largely backing the second rich guy.

The moral of this story? You're still ants.


oh look, it's this guy again.

it's not a matter of two rich guys being rich, it's that one guy gave a damn about the workers and the company and that's the exception when it should really be the rule of business.

You see the difference? This is unique in that we don't know what it's like to see a CEO give a damn about the worker, to the point that workers will strike to keep a CEO as CEO.
 
2014-08-15 02:47:29 PM  

somedude210: FormlessOne: Who cares?It's two rich guys fighting over an ant farm. The ants like the first rich guy more than the second rich guy. The second rich guy took the ant firm, shook it a bit, and discovered that ants can be a bit bitey when provoked. The first rich guy is using the ant bites as a way of getting the second rich guy to give him back the ant farm, but the second rich guy would rather break the ant farm than return it - the second rich guy's friends get to play with the ant farm more this way, and so they're largely backing the second rich guy.

The moral of this story? You're still ants.

oh look, it's this guy again.

it's not a matter of two rich guys being rich, it's that one guy gave a damn about the workers and the company and that's the exception when it should really be the rule of business.

You see the difference? This is unique in that we don't know what it's like to see a CEO give a damn about the worker, to the point that workers will strike to keep a CEO as CEO.


It's also about: the workers will have their pay and benefits reduced to a point where they might as well work elsewhere. They should strike, because they have nothing to lose. And they might as well stick it to the board as best they can on the way out, or maybe get the right Arthur back.
 
2014-08-15 02:52:29 PM  

FormlessOne: Who cares?It's two rich guys fighting over an ant farm. The ants like the first rich guy more than the second rich guy. The second rich guy took the ant firm, shook it a bit, and discovered that ants can be a bit bitey when provoked. The first rich guy is using the ant bites as a way of getting the second rich guy to give him back the ant farm, but the second rich guy would rather break the ant farm than return it - the second rich guy's friends get to play with the ant farm more this way, and so they're largely backing the second rich guy.

The moral of this story? You're still ants.


Except in this case, the ant wants to work for the CEO that's there with sugar syrup at the end of the day, instead of the CEO waiting outside with a magnifying glass on a sunny day...
 
2014-08-15 02:56:11 PM  

Somaticasual: FormlessOne: Who cares?It's two rich guys fighting over an ant farm. The ants like the first rich guy more than the second rich guy. The second rich guy took the ant firm, shook it a bit, and discovered that ants can be a bit bitey when provoked. The first rich guy is using the ant bites as a way of getting the second rich guy to give him back the ant farm, but the second rich guy would rather break the ant farm than return it - the second rich guy's friends get to play with the ant farm more this way, and so they're largely backing the second rich guy.

The moral of this story? You're still ants.

Except in this case, the ant wants to work for the CEO that's there with sugar syrup at the end of the day, instead of the CEO waiting outside with a magnifying glass on a sunny day...


Kind of the point (which another chucklehead missed entirely), actually. The ants like the rich guy that gives them slightly more sugar syrup and doesn't shake the ant farm as much as the second rich guy. We get that.

But, at the end of the day, they're still rich guys and we're still ants - they're going to enjoy what they think of as a toy and what we think of as our workplace, and the only thing that's really going to be affected at the end of the day is how much the first rich guy will have to pay to get the toy back from the second rich guy.
 
2014-08-15 02:58:29 PM  

FormlessOne: But, at the end of the day, they're still rich guys and we're still ants - they're going to enjoy what they think of as a toy and what we think of as our workplace, and the only thing that's really going to be affected at the end of the day is how much the first rich guy will have to pay to get the toy back from the second rich guy.


Well that, and the livelihood of thousands of employees in the region.
 
2014-08-15 03:07:42 PM  

somedude210: FormlessOne: Who cares?It's two rich guys fighting over an ant farm. The ants like the first rich guy more than the second rich guy. The second rich guy took the ant firm, shook it a bit, and discovered that ants can be a bit bitey when provoked. The first rich guy is using the ant bites as a way of getting the second rich guy to give him back the ant farm, but the second rich guy would rather break the ant farm than return it - the second rich guy's friends get to play with the ant farm more this way, and so they're largely backing the second rich guy.

The moral of this story? You're still ants.

oh look, it's this guy again.

it's not a matter of two rich guys being rich, it's that one guy gave a damn about the workers and the company and that's the exception when it should really be the rule of business.

You see the difference? This is unique in that we don't know what it's like to see a CEO give a damn about the worker, to the point that workers will strike to keep a CEO as CEO.


Really? I get to see it all the time. The only thing the protest is truly affecting at this time is the buyout cost from one Arthur to another, which is why the governor has gotten in on the action. You don't see the governor siding with the ants, do you? No, you see the governor trying to get the ants back into the ant farm, so the rich guys can figure out who gets the toy. Why?

Well, because Market Basket's kind of screwed on this one - if the protestors can directly influence the board, investors will steer clear of the company and the employees may end up in worse straits due to an underperforming employer. But, if they can't influence the board, well... what, exactly? The worst case is that the company goes bankrupt and that the employees have to find new jobs, most likely with employers that will quite happily fire them long before this situation occurs. This affects more than just the employer and the employees - the local & state governments end up with churn on their ledgers, as they can't count on stable revenue. Again, that's not the rich guys or the governor caring about the ants - that's the rich guys and the governor caring about themselves. The ants are tools.

Also, if the best outcome for any protest is to maintain the status quo, then that protest has already failed - by definition, the status quo has already been lost, and the "new normal" will end up less than the status quo, if only because of the impact incurred by the protest. Without assurances that this situation won't happen in the future, what's the point of the protest?
 
2014-08-15 03:13:00 PM  

NeoCortex42: FormlessOne: But, at the end of the day, they're still rich guys and we're still ants - they're going to enjoy what they think of as a toy and what we think of as our workplace, and the only thing that's really going to be affected at the end of the day is how much the first rich guy will have to pay to get the toy back from the second rich guy.

Well that, and the livelihood of thousands of employees in the region.


Yep, but that's basically just a KPI to the rich guys, the board, and the governor. Don't mistake "enlightened self-interest" for "selflessness." One rich guy had a slightly more enlightened approach to ensuring a stable ledger than the other rich guy. That's it. The fact that it worked out slightly better for the employees, as far as they know, is a beneficial side effect. If the rich guys could ensure a stable ledger by firing each and every employee and hiring new, different employees, all of those folks would've been canned already. It's not about "caring" - it's about money, both short-term and long term.
 
2014-08-15 03:13:26 PM  

FormlessOne: Kind of the point (which another chucklehead missed entirely), actually. The ants like the rich guy that gives them slightly more sugar syrup and doesn't shake the ant farm as much as the second rich guy. We get that.

But, at the end of the day, they're still rich guys and we're still ants - they're going to enjoy what they think of as a toy and what we think of as our workplace, and the only thing that's really going to be affected at the end of the day is how much the first rich guy will have to pay to get the toy back from the second rich guy.


 I'll give you that there are plenty of examples of the evil CEO (people like steve jobs, for instance) but market basket wasn't one of them before this takeover. Honestly, your entire diatribe comes off as a very long-winded inferiority complex that would leave no chance for success in business if anyone actually lived by that mentality.
 
2014-08-15 03:15:04 PM  
I'm not an ant. I do understand the power rich people have over me, but I'm not so melodramatic about it.
 
2014-08-15 03:22:05 PM  

TurnerBrown: I'm not an ant. I do understand the power rich people have over me, but I'm not so melodramatic about it.


If you don't accept your victim status, you'll never make a good revolutionary soldier. How can you be expected to commit atrocities in the name of 'the people' if you don't consider yourself an ant?
 
2014-08-15 03:35:18 PM  

dfenstrate: TurnerBrown: I'm not an ant. I do understand the power rich people have over me, but I'm not so melodramatic about it.

If you don't accept your victim status, you'll never make a good revolutionary soldier. How can you be expected to commit atrocities in the name of 'the people' if you don't consider yourself an ant?


Easy. I think "they" are ants.

/flip that coin. Heads or tails. Someone will lose.
 
2014-08-15 04:02:43 PM  
do the modmins own stock in market basket? there's three friggin MB threads a day lately. can't we go back to jerking off all over ourselves about game of thrones?

/the CEO was well liked! stop the planet!
 
2014-08-15 04:06:15 PM  

Thank You Black Jesus!: do the modmins own stock in market basket? there's three friggin MB threads a day lately. can't we go back to jerking off all over ourselves about game of thrones?

/the CEO was well liked! stop the planet!


A lot of people find this whole thing fascinating.  It's a very unique occurrence in the business world.  It could also be a historically significant event in the labor-executive relationship.
 
2014-08-15 04:41:16 PM  

Thank You Black Jesus!: do the modmins own stock in market basket? there's three friggin MB threads a day lately. can't we go back to jerking off all over ourselves about game of thrones?

/the CEO was well liked! stop the planet!


You're confusing the Business tab with the Entertainment tab.
 
2014-08-15 06:01:50 PM  

Thank You Black Jesus!: do the modmins own stock in market basket? there's three friggin MB threads a day lately. can't we go back to jerking off all over ourselves about game of thrones?

/the CEO was well liked! stop the planet!


Thread doesn't interest you? Come in and biatch about your lack of interest in the thread, instead of moving on. That's the Farkhead way.
 
2014-08-15 06:58:40 PM  
Market what ? Don't know what that is .
 
2014-08-16 10:13:14 AM  

Thank You Black Jesus!: do the modmins own stock in market basket? there's three friggin MB threads a day lately. can't we go back to jerking off all over ourselves about game of thrones?

/the CEO was well liked! stop the planet!


Please note: The recreational outrage has pretty much died down on this issue. Last week this would have had 200+ post to it.
 
2014-08-16 11:55:33 AM  

FormlessOne: Also, if the best outcome for any protest is to maintain the status quo, then that protest has already failed - by definition, the status quo has already been lost, and the "new normal" will end up less than the status quo, if only because of the impact incurred by the protest. Without assurances that this situation won't happen in the future, what's the point of the protest?


They protest because the 'new normal' is worse than the 'old normal'. They would like the 'old normal' to be the status quo and not the 'new normal'.

If someone steals your marbles you don't throw up your hands and say "The status quo is me without marbles and there's nothing I can do because I am an ant!". You go out there and get your damn marbles back.
 
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