Posted on 07/26/2014 9:51:59 AM PDT by SamAdams76
alright, I’ll put him in my < 100 folder.
Hire the best CEO, even if its Arthur T, if the workers who aren’t working agree to not to be paid for the time they didn’t work. Plus Arthur T can pay for all the perishables that were wasted.
We have WINCO markets in the NW. Wiki:"WinCo Foods is based in Boise, Idaho. It was founded in 1967 and most of the company ownership is held by current and former employees through an employee stock ownership plan."
This system works wonderfully. Their prices are very low, the employees are extraordinarily helpful and cheerful, and everyone listens to the customer. You want organic? A month later, they have an organic section. People in other cities are clamoring for Winco to expand to their areas.
Sooooo, I'm wondering whether the 49.5% owner was headed in this direction. It would be to the advantage of everyone but the 50.5% family -- and perhaps to their advantage too, if customer satisfaction drove up their stores' market share.
Some of the language on this blog site is non PC, but the history is there and the part 2 is easily found if interested.
http://gloucesterclam.com/2014/07/21/clamsplainer-market-baskets-storied-history-of-crazy/
From what I heard on that Financial Exchange show this morning, they're paid better (I forget the amounts), in addition to the quarterly bonuses and profit-sharing. Lots of their employees have been with them 25, 30, 40 years; their policy is to promote from within. A District Manager called in to Kuhner's show -- he had started a bagger 25 years ago.
Arthur T. visits the stores regularly, gets to know the employees. Sorry I forget the details, but I heard of one employee whose daughter was in the hospital and seriously ill (or injured) and the insurance company was giving them a hard time about some treatment. Arthur T., hearing the story from the employee, said, "If the insurance won't cover it, I will."
One has to wonder why a company would go public anymore. Keep it in the family might be a good idea if they still care about the company.
A big question for me is how MB manages to keep the sociopathic types out of their payroll who trash employee loyalty in retail situations.
Maybe they have very talented hiring directors.
The other was with Albertson's (also a grocery chain). I forget her name, but she was instrumental in Albertson's history of (pointless?) M&As, closing stores, acquiring other chains (the Wikipedia account sounds like Musical Chairs!). An MB employee who called in said the employees understand the two new co-CEOs to be prototypical "vulture capitalists."
What's to stop the former CEO now fired from starting his own chain? New Englanders tend to be very practical and knowledgeable about things like this. If he and the employees start a new chain, customers will flock to them and Market Basket won't survive.
This thing doesn't pass the smell test. What they did is the kind of thing corporations do when they want to boost the bottom line to sell the company. Best they be left with nothing worth selling.
Thank you!
Second part for those who don’t feel like fishing around
Run down 6 or 7 pages to get to it. A movie SHOULD be made of this.
2/3 of my environment is like that, but lately the other 1/3 ‘let’s compete to see who can do the least work and try to get full-timers fired’ demoralize the hard workers because they’re EOE gold (muslim, felon, welfare case who start at minimum wage). If only the hard workers could peel off and do something like MB.
“...slammed the breaks on food deliveries...”.
Geez... Fortune Magazine doesn’t know the difference between “breaks” and “brakes”?
I stopped reading there... loss of confidence.
Well, that surely explains why the two sides of the family hate each other.
I have no idea.
Read the GloucesterClam for the whole story. There really IS JFK and a stripper involved.
http://gloucesterclam.com/2014/07/22/clamsplainer-market-basket-is-freakin-out/#comments
Reading the Unionistas trying to persuade the capitalists (unionistsas getting destroyed in the process) is enlightening, too.
Who edits this stuff, anyway?
Breaks are what employees take. Brakes are what slow things down.
Seems like we see a lot of these kinds of misteaks* these days.
* this was intentional
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