Reply
Super Contributor
Posts: 954
Registered: ‎11-06-2011

Re: Market Basket, workers WIN!

On 8/28/2014 Deb1010again said:
On 8/28/2014 BlueCollarBabe said:
On 8/28/2014 moonstone dunes said:

They are saying it will take a while for the dust to settle and the two other CEOS (Gooch and Thornton will continue on as they have been. Something along the line of 51 % Arthur T to their shared 49% . There a re a couple stores which were set to open before the strike. Hopefully the momentum hasn't been disrupted at least one of them is a outlying territory for MB.

No, Arthur T now owns the entire chain. He paid $1.5 billion for their 50.5%.

Great minds think alike at the same time! Smile

Some things make you go {#emotions_dlg.blink} {#emotions_dlg.confused1} {#emotions_dlg.scared}

Really? no need for snark {#emotions_dlg.blink}

Reported in error on a cable channel. This is the Globe's version.

While the deal is finalized, under the terms of the agreement, Arthur T. will work alongside Felicia Thornton and James Gooch, the co-chief executives who were hired by his cousin to replace him but were demonized by many employees. Arthur T. will have full operational control of the company, however.

Even though it avoided that drastic step, many challenges await the reborn company. Newly encumbered with debt, it remains an open question whether Market Basket can successfully reboot its low-margin, high-volume business model — not to mention its generous profit-sharing plan.

Globe

Trusted Contributor
Posts: 1,774
Registered: ‎02-10-2013

Re: Market Basket, workers WIN!

I am in the Boston area, and stuck to the side of the workers. This is a great store, old school in ways. While it can be a little bit of hassle inside with people running their carts into you because the place is jammed like the day before Christmas, it is well worth it. LOL. They have people who bag groceries separate from the cashier at every aisle, they have people to help you if need assistance to take out your groceries (and unload them for you) and they actually have people bring the carts in and not leave them out all day/weeks. And most importantly, their staff is actually FRIENDLY! That alone is a very rare quality in most any business, especially when you are in metropolitan areas that are brimming with rudeness. Welcome back Market Basket!!

The CEO's are NOT gone, per the Boston Globe they are staying on until the sale is final which could take months.

Trusted Contributor
Posts: 2,620
Registered: ‎05-28-2013

Re: Market Basket, workers WIN!

On 8/28/2014 moonstone dunes said:
On 8/28/2014 Deb1010again said:
On 8/28/2014 BlueCollarBabe said:
On 8/28/2014 moonstone dunes said:

They are saying it will take a while for the dust to settle and the two other CEOS (Gooch and Thornton will continue on as they have been. Something along the line of 51 % Arthur T to their shared 49% . There a re a couple stores which were set to open before the strike. Hopefully the momentum hasn't been disrupted at least one of them is a outlying territory for MB.

No, Arthur T now owns the entire chain. He paid $1.5 billion for their 50.5%.

Great minds think alike at the same time! Smile

Some things make you go {#emotions_dlg.blink} {#emotions_dlg.confused1} {#emotions_dlg.scared}

Really? no need for snark {#emotions_dlg.blink}

Reported in error on a cable channel. This is the Globe's version.

While the deal is finalized, under the terms of the agreement, Arthur T. will work alongside Felicia Thornton and James Gooch, the co-chief executives who were hired by his cousin to replace him but were demonized by many employees. Arthur T. will have full operational control of the company, however.

Even though it avoided that drastic step, many challenges await the reborn company. Newly encumbered with debt, it remains an open question whether Market Basket can successfully reboot its low-margin, high-volume business model — not to mention its generous profit-sharing plan.

Globe

Moonstone, I am very sorry and apologize. I shouldn't have been so snarky to you. I've been fighting with my health insurance over a bill this morning and it got the best of me. Anyway, no excuse.

Please accept my heartfelt apology. Smile

Super Contributor
Posts: 954
Registered: ‎11-06-2011

Re: Market Basket, workers WIN!

dupe

Super Contributor
Posts: 954
Registered: ‎11-06-2011

Re: Market Basket, workers WIN!

On 8/28/2014 Deb1010again said:
On 8/28/2014 moonstone dunes said:
On 8/28/2014 Deb1010again said:
On 8/28/2014 BlueCollarBabe said:
On 8/28/2014 moonstone dunes said:

They are saying it will take a while for the dust to settle and the two other CEOS (Gooch and Thornton will continue on as they have been. Something along the line of 51 % Arthur T to their shared 49% . There a re a couple stores which were set to open before the strike. Hopefully the momentum hasn't been disrupted at least one of them is a outlying territory for MB.

No, Arthur T now owns the entire chain. He paid $1.5 billion for their 50.5%.

Great minds think alike at the same time! Smile

Some things make you go {#emotions_dlg.blink} {#emotions_dlg.confused1} {#emotions_dlg.scared}

Really? no need for snark {#emotions_dlg.blink}

Reported in error on a cable channel. This is the Globe's version.

While the deal is finalized, under the terms of the agreement, Arthur T. will work alongside Felicia Thornton and James Gooch, the co-chief executives who were hired by his cousin to replace him but were demonized by many employees. Arthur T. will have full operational control of the company, however.

Even though it avoided that drastic step, many challenges await the reborn company. Newly encumbered with debt, it remains an open question whether Market Basket can successfully reboot its low-margin, high-volume business model — not to mention its generous profit-sharing plan.

Globe

Moonstone, I am very sorry and apologize. I shouldn't have been so snarky to you. I've been fighting with my health insurance over a bill this morning and it got the best of me. Anyway, no excuse.

Please accept my heartfelt apology. Smile

No worries De1010, :-) i appreciate your apology. It was early and not all the facts were in it seems.

I feel your pain, insurance cos s*ck. My health insurance is still trying to overbill my premium by $300. They're robbing Peter to pay Pablo.

Trusted Contributor
Posts: 2,620
Registered: ‎05-28-2013

Re: Market Basket, workers WIN!

On 8/28/2014 moonstone dunes said:
On 8/28/2014 Deb1010again said:
On 8/28/2014 moonstone dunes said:
On 8/28/2014 Deb1010again said:
On 8/28/2014 BlueCollarBabe said:
On 8/28/2014 moonstone dunes said:

They are saying it will take a while for the dust to settle and the two other CEOS (Gooch and Thornton will continue on as they have been. Something along the line of 51 % Arthur T to their shared 49% . There a re a couple stores which were set to open before the strike. Hopefully the momentum hasn't been disrupted at least one of them is a outlying territory for MB.

No, Arthur T now owns the entire chain. He paid $1.5 billion for their 50.5%.

Great minds think alike at the same time! Smile

Some things make you go {#emotions_dlg.blink} {#emotions_dlg.confused1} {#emotions_dlg.scared}

Really? no need for snark {#emotions_dlg.blink}

Reported in error on a cable channel. This is the Globe's version.

While the deal is finalized, under the terms of the agreement, Arthur T. will work alongside Felicia Thornton and James Gooch, the co-chief executives who were hired by his cousin to replace him but were demonized by many employees. Arthur T. will have full operational control of the company, however.

Even though it avoided that drastic step, many challenges await the reborn company. Newly encumbered with debt, it remains an open question whether Market Basket can successfully reboot its low-margin, high-volume business model — not to mention its generous profit-sharing plan.

Globe

Moonstone, I am very sorry and apologize. I shouldn't have been so snarky to you. I've been fighting with my health insurance over a bill this morning and it got the best of me. Anyway, no excuse.

Please accept my heartfelt apology. Smile

No worries De1010, :-) i appreciate your apology. It was early and not all the facts were in it seems.

I feel your pain, insurance cos s*ck. My health insurance is still trying to overbill my premium by $300. They're robbing Peter to pay Pablo.

{#emotions_dlg.thumbup}

Respected Contributor
Posts: 2,661
Registered: ‎03-10-2010

Re: Market Basket, workers WIN!

Nice to see the good guys win every once in a while.

I can now go back to my favorite store. It has been an expensive 6 weeks shopping elsewhere. Bye Bye Shaws!

Esteemed Contributor
Posts: 7,462
Registered: ‎03-13-2010

Re: Market Basket, workers WIN!

I didn't even know there still was a Market Basket. It left where I lived in California over 30 years ago.