General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe EVIL Arthur S Demoulas of Market Basket NEW PHOTO
http://www.whdh.com/story/26112437/video-interview-with-market-basket-president[URL=.html][IMG][/IMG][/URL]
Press release just posted at Save Market Basket fb page
BOD Press Release Today
The Board of Disfunction sent this press release out today after their meeting;
"The Board of Directors of Demoulas Supermarkets Inc. met today and confirmed that the Company has received an offer from Arthur T Demoulas and the other "B" shareholders to acquire the remaining 50.5%of the shares of the Company. The Board said the offer was received prior to the deadline for the "B" shareholders to present a proposal. Consistent with it's fiduciary obligations, the Board will evaluate and seriously consider this proposal, along with any offers previously received and to be received. Following its evaluation of all the offers, it will convey its recommendation to the Company shareholders."
"The Board acknowledges that it has heard from many stakeholders. The negative behavior of certain current and former associates is at variance with the Company's culture of putting the needs of the Market Basket customers first. It is now clear in the interests of all members of the Market Basket community for normal business operations to resume immediately. Furthermore, the Board reaffirmed its election of Co-CEOs Felicia Thornton and James Gooch to manage the Company in accordance with the Company's bylaws."
So, what does this nonsense mean? Not much, it means the BOD cannot just fire F&G 4 weeks after they hired them without admitting they made a HUGE mistake, that could open them up to lawsuits. This was not unexpected. This also means that since WE did not get what we asked for from the BOD WE stay the course we are on until they bring ATD back with full authority or ATD buys the company. In just four weeks time, F&G have made a thriving $4.6 billion company look like Radio Shack in it's death throes. The longer the BOD let's this go on the negligence clock keeps ticking.
The fact they acknowledge they "heard from" many stakeholders simply means the 100,000 customer petitions were delivered.
The "negative behavior of current and former associates" means they apparently didn't notice the 12,000 associates, customers and vendors all there to support ATD in Tewksbury today. Keith Cowan, Ron Weiner and Eric Gebaide need to pull their heads out of the dark place they are in and wake up! 25,000 associates and 2 million customers are NOT wrong and they are NOT negative. These "independent" directors need to look at what has happened to OUR company under their watch.
"It is now clear in the interests of all members of the Market Basket community for normal business operations to resume immediately". Oh okay, sorry about that we will get right on resuming normal business operations immediately after ATD is our CEO with full authority and not a minute sooner.
WAMB stay MB Strong and Stay the Course You are on!
canoeist52
(2,282 posts)Not happening! This customer will continue to boycott until the old management is re-instated.
This shows the cluelessness and arrogance of the current president. College courses will include this as an example of how not to respond to the press!
graywarrior
(59,440 posts)I can't bring myself to shop at Stop & Shop or Shaws so I'm going to Crosby's, a little supermarket in town. I met a guy outside MB a few days ago and he told me he started working there when he was 14. Now he manages the Crosby's in Manchester, MA. He told me he learned so much from Artie T and it made him really sad that this was happening.
canoeist52
(2,282 posts)sheshe2
(83,341 posts)I won't shop there either, not until we get this done. My fridge is pretty empty too, I had planned to stock up before all this went down.
graywarrior
(59,440 posts)I've shopped there before. No where near as good as MB, but still great prices.
http://www.priceritesupermarkets.com/about-pricerite/
sheshe2
(83,341 posts)My friend just gave me a large amount of pesto that she made. Good stuff!
Thank gawd I can run all that off at work.
I do the local markets only when things are on sale. Still doesn't come close to MB and no Price Rite near me.
So how are you gray? Haven't seen you here much, hope you are well. I remember our first conversation about Mount Washington! Loved that.
graywarrior
(59,440 posts)I stay away from here pretty much....only post when something hits me like MB. Mt. Washington....lol. Good times.
sheshe2
(83,341 posts)New job too!
LOL...
Mt. Washington OP~
http://www.democraticunderground.com/1018290806
I don't blame you for staying away. This place stinks sometimes.
I hope all is well with your family, gray.
whistler162
(11,155 posts)will benefit one way or the other. Wonder how much the termination payout is!
Hopefully the company can recover after everything is resolved.
graywarrior
(59,440 posts)it will take another week to get the stores stocked to up and running again.
Mopar151
(9,965 posts)Those long term managers and associates know that they are toast, unless Artie gets the top spot back. The lot of them were about to be "Boeinged", to use a term from another thread here - replaced by cheaper, and far more compliant, newly hired staff.
People like Arthur S., Thornton, Gooch, and their ilk may talk about respect - but they've given, and gotten, so little respect in their careers that fear looks like a good substitute - and they've come to prefer it.
graywarrior
(59,440 posts)They shun the light like a gaggle of Satans
Mopar151
(9,965 posts)smirkymonkey
(63,221 posts)I hope the employees win this one! I would like to see a happy ending for once.