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In reply to the discussion: Grocer, 70, gives stores to his employees — for free, transferring ownership as a thank you [View all]glinda
(14,807 posts)33. We knew him and also his sons. A wonderful family.
The sons (one looks like the late John Jr.... seriously) were working with the stores as he was starting to phase out his role but they do indeed have other lives and locations. Does not surprise me at all that they did this. He also was very kind when I asked for funds for the New No-Kill shelter. I love him. I love his family. *heart*.
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Grocer, 70, gives stores to his employees — for free, transferring ownership as a thank you [View all]
Liberal_in_LA
Nov 2012
OP
I wonder if the employees will sell it for a quick payout. I wonder if the buyers who were
HiPointDem
Nov 2012
#6
First they have to tpay off the debt they took on, the proceeds of which go to
jtuck004
Nov 2012
#10
Of course, never stated otherwise. What I always question is the size of the equity.
jtuck004
Nov 2012
#32
Good man. If only Sam Walton had done so instead of passing his business onto his greedy offspring.
freshwest
Nov 2012
#7
"For free?" Free to the employees, but it sounds like he's still making out.
high density
Dec 2012
#40