topic Market Basket, workers WIN! in Community Chat

Market Basket, workers WIN!

Deb1010again — Thu, 28 Aug 2014 12:52:40 GMT

If anyone's been following the Market Basket brewhaha, it's coming to a close and the employees WON. Arthur T. Demoulas, the former CEO who was forced out is back in.

It's a family owned company with two factions who didn't get along, one led by Arthur T. Demoulas and the other by his cousin Arthur S Demoulas. Well, Arthur T did a lot for employees and kept prices down for customers. He was forced out by Arthur S and the workers and customers went ballistic. This has been playing out for the past couple of months.

My sister lives in Boston (where the store is headquartered) and can't wait to start shopping there again.

Any other thoughts/feelings on this?

Biancardi, I know you had supported the workers in this and live in Boston, so you must be happy too. I'm thrilled and I can't even shop there. lol

Re: Market Basket, workers WIN!

Linders Back — Thu, 28 Aug 2014 12:56:05 GMT

Just read it's costing $1.5 BILLION for Arthur T to buy back the company. Just hope by the time the deal is inked, there is something left to buy.

Re: Market Basket, workers WIN!

terrier3 — Thu, 28 Aug 2014 13:02:03 GMT

This is GREAT news!

Mike Barnacle on Morning Joe talked about how much Arthur T loved his employees and his customers.

Sometimes the Good Guy DOES win!!!

Re: Market Basket, workers WIN!

Deb1010again — Thu, 28 Aug 2014 13:08:52 GMT

On 8/28/2014 Linders Back said:
Just read it's costing $1.5 BILLION for Arthur T to buy back the company. Just hope by the time the deal is inked, there is something left to buy.

It's gonna bounce back no problem. People can't wait to start shopping there again. It'll come back stronger than ever.

He paid based on the company's valuation at the beginning of the summer before all the problems. It's a good investment.

Re: Market Basket, workers WIN!

Burnsite — Thu, 28 Aug 2014 14:14:02 GMT

Market Basket is currently invading Maine--high quality and low prices. The company will probably bounce back. I've not been following it closely but my sister has--she lives in Maine.

Re: Market Basket, workers WIN!

dmod nj — Thu, 28 Aug 2014 14:19:21 GMT

I'm happy to hear this news. It is a great store.

Re: Market Basket, workers WIN!

kingtut — Thu, 28 Aug 2014 14:28:37 GMT

Personally I don't shop there very often -- never had one of their stores that close to me until I moved to senior living -- but I know most of the people here will be thrilled. They seem to love the prices. I find the store too big and confusing

Re: Market Basket, workers WIN!

QueenDanceALot — Thu, 28 Aug 2014 14:38:21 GMT

Love this story.

Love the relationship between Arthur T and the employees. There should be more like him!

Re: Market Basket, workers WIN!

Topaz Gem — Thu, 28 Aug 2014 14:40:11 GMT

I was so happy to hear the news this morning! With the country divided by rich and poor these days, when was the last time the 99% put their jobs on the line for the 1%? Fantastic that the little guy won. The employees risked everything to get their beloved CEO back and now they can get back to work. I heard that Arthur T. addressed the employees at headquarters this morning and that the crowd was overflowing.

Re: Market Basket, workers WIN!

terrier3 — Thu, 28 Aug 2014 14:49:13 GMT

On 8/28/2014 KittyLouWhoToo said:
Love this story.

Love the relationship between Arthur T and the employees. There should be more like him!

Mike Barnacle said he really cares about his customers too...that's right up there in importance!

Re: Market Basket, workers WIN!

Topaz Gem — Thu, 28 Aug 2014 14:53:55 GMT

On 8/28/2014 terrier3 said:
On 8/28/2014 KittyLouWhoToo said:
Love this story.

Love the relationship between Arthur T and the employees. There should be more like him!

Mike Barnacle said he really cares about his customers too...that's right up there in importance!

He does and that attitude flows down throughout the organization. When you're shopping at MB and you ask "Where can I find (whatever product)? They don't just tell you "Aisle 8", for example, they stop what they're doing and escort you to where you can find your product. That really impressed me, especially for a large market.

Re: Market Basket, workers WIN!

deepwaterdotter — Thu, 28 Aug 2014 15:06:42 GMT

""Power to the People!""

Re: Market Basket, workers WIN!

Qwackertoo — Thu, 28 Aug 2014 15:12:40 GMT

We don't have these stores here. Sounds like a ""happy ending"" to this story. Yay!

Re: Market Basket, workers WIN!

Deb1010again — Thu, 28 Aug 2014 15:56:55 GMT

Here's a good quote I found in a news article -- you can find the entire article HERE

"Business analysts said the worker revolt was remarkable at a family-owned, non-union company, particularly because the workers were not seeking higher wages or better benefits, but instead were calling for the return of their CEO. The workers credit Arthur T. Demoulas for treating them like family, keeping prices low and leading the company’s success."

Re: Market Basket, workers WIN!

SydneyH — Thu, 28 Aug 2014 16:03:39 GMT

I truly hope this is the end of the feud. They have been in and out of court for almost a decade now........

Re: Market Basket, workers WIN!

biancardi — Thu, 28 Aug 2014 16:08:21 GMT

yeah! I am so happy for the workers and Market Basket. The customers supported the workers, so it was just a matter of time.

Re: Market Basket, workers WIN!

moonstone dunes — Thu, 28 Aug 2014 16:09:18 GMT

Great to see "It's Over" (Lawrence Eagle Tribune). It was annoying to hear those morning cable news announcers saying Arthur T. is no "fireplug" regarding his address to the crowd. He's a shirt sleeves, roll 'em up kind of guy, not a suit. He read from a stapled copy of his key points and came across as humble and grateful for all the support. Drivers were jumping for joy! Who else would do that?? :-)

But Market Basket is not a Wegman's. It is no-frills grocery shopping with great weekly deals. Some stores have expanded floor space. The employees do go above and beyond. "More for your Dollar" is their slogan, having shopped at other stores (S&S, WM, Hannaford, Price Chopper) before relocating, MB was first choice.

Re: Market Basket, workers WIN!

biancardi — Thu, 28 Aug 2014 16:10:21 GMT

On 8/28/2014 Topaz Gem said:
I was so happy to hear the news this morning! With the country divided by rich and poor these days, when was the last time the 99% put their jobs on the line for the 1%? Fantastic that the little guy won. The employees risked everything to get their beloved CEO back and now they can get back to work. I heard that Arthur T. addressed the employees at headquarters this morning and that the crowd was overflowing.

actually, it is because that 1% always put his 99% ahead of himself. That is why.

Treat your employees right, and you will get that loyalty. It has nothing to do with rich vs poor - it has everything to do with respect and dignity and FAIRNESS, something that many corporations, CEO's are unfamiliar with.

Re: Market Basket, workers WIN!

SydneyH — Thu, 28 Aug 2014 16:16:33 GMT

I wonder what Arthur S is plotting, this is probably not 'over'.

Re: Market Basket, workers WIN!

Topaz Gem — Thu, 28 Aug 2014 16:18:30 GMT

On 8/28/2014 SydneyH said:
I wonder what Arthur S is plotting, this is probably not 'over'.

Me too. I can't believe he's just going to ride off into the sunset. I'm sure he's cooking up some scheme as we speak.