musta been one hell of a CEO...
In fact, there one and only demand is that the supermarket chain reinstate the CEO that they fired about a month ago.
Never seen anything like this before. Will be interesting to see how this turns out.
Anyway, all around Massachusetts and New Hampshire, the Market Basket stores are effectively closed. They are technically open and the employees are earning wages for their shifts, but they are standing outside the stores and urging customers to not go inside.
Not just the hourly employees but the salaried managers as well. They are all willing to shut down the business in order that the board of directors give in and hire back their beloved CEO.
As well, over 100,000 customers of this chain have signed petitions stating that they will no longer shop at Market Basket unless the CEO is re-hired.
So?....Just **why** did they fire the former CEO.
Hm?...My bet? He said something that wasn’t PC. Hm?....Maybe he attends a **Christian** church!
Interesting that they replace one CEO with two co-CEOs. That, plus the replacements seem to have no experience with supermarket chains.
This IS interesting. All the employees must have saved up quite a bit to handle losing paychecks.
FNC today covered a RAT lawmaker proposing that employers pay extra for calling in part-timers with no notice, but they didn’t cover a 10K rally...
CEO has created incredible loyalty to him, maybe he and the employees will be able to buy out Market Basket.
Never seen anything like this before. Will be interesting to see how this turns out.
In the late 1980's, unions at Eastern Airlines went on strike not for higher wages or benefits but to force out their CEO. And they succeeded--the airline went out of business.
You can tell when you’re in a unionized supermarket—if there are 12 checkstands, lines will be forming at the two that are open. At a non-union supermarket near my home, all of the checkstands are usually manned.
My bet is that the two CEO’s were brought on to do a pump and dump of the chain at the request of the shareholders who want to cash out. SOP in today’s stock market.
As far as I’m concerned, both sides are right here.
Let the board decide what they value more, pride or prudence.
musta been one hell of a CEO...?? slammed the breaks ??
who writes this stuff?
” slammed the breaks on food deliveries”
Did what?
Supporters Of Ousted Market Basket CEO Gather In Tewksbury http://wbur.fm/1riywBI
I guess they really liked that guy. You are right, it is a strange story.
But, if they are not in a union, why doesn’t the store just fire them all?
I’m sure they could be easily replaced in this labor market. Or by some border jumping teenagers.
The unions love their company so much they destroyed it!
“...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.
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
And even odder is that it is a company run business and it is a cousins fight. One or more cousins attained majority status and fired the cousin who was CEO and who may have previously had majority status. Basically one cousin doesn’t like how the other was running the business and pulled rank and pushed the other out. Now the employees have taken side of the cousin who was dimissed.
When the shelves are empty, you take the shelves.