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Rebels With a Cause
On June 29 we posted an article we titled Resistance and it served as a challenge to all that our time was at hand to take action so that we could save the company. We now stand together, customers and associates alike, in the midst of a resistance the likes of which has never been seen. The world has watched with great interest and support as we have taken to parking lots and sidewalks in a unified protest against the type of corporate greed which has become the norm in society. Our fight has created a new battlefield and started a new discussion: why shouldnt the employees of a company have a say in who their CEO is?
If Arthur T. Demoulas were simply a great and caring man who knew the names of our spouses and children and also attended our weddings and funerals but at the same time was a lousy or barely adequate CEO, this story would not be happening. The fact is he is the total package. His steady guidance has allowed us to thrive and constantly adapt to an ever changing marketplace. Think about what a new store of ours looked like in 2008 versus 2013. The cafes, Markets Kitchen, demo-stations. We built upon the tried and true culture of More For Your Dollar and enhanced the customer experience in so many ways. This is why we resist.
A month later we stand on the verge of making history. We know that an offers from ATD and other suitors sit in the hands of the Board and we call on them to do the right thing not only for us associates but for our customers and for the greater good of all New England. We have drawn our line in the stand stating that we will work for no other CEO and that other potential buyers should take pause and give serious thought to pulling their offers.
We are New Englanders and we have rebellion in our blood. Its about a mile from Lexington Green to the Burlington store and where our forefathers stood ready to change the world wearing tri-corner hats as they faced the Red Coats, we are on the verge of forever changing the corporate world while outfitted in smocks as we stand facing the Board and Arthur S in their tailored suits.
We have fought as courageously as anyone could ever have hoped. We need to stay strong and in doing so, we will carry the day. We can have no doubt about that.
Together WE ARE MARKET BASKET! Lets finish this thing.
blm
(113,082 posts)!
DeSwiss
(27,137 posts)antigop
(12,778 posts)marble falls
(57,145 posts)sheshe2
(83,846 posts)New England and Massachusetts, our great state is amazing!
We are New Englanders and we have rebellion in our blood. Its about a mile from Lexington Green to the Burlington store and where our forefathers stood ready to change the world wearing tri-corner hats as they faced the Red Coats, we are on the verge of forever changing the corporate world while outfitted in smocks as we stand facing the Board and Arthur S in their tailored suits.
Thanks graywarrior!!!!!!!!!!!!!!!!!
BlancheSplanchnik
(20,219 posts)calimary
(81,420 posts)UNIONS, too!!!! For the greater good! It's the muscle behind the worker's efforts, and the vocal cords behind the worker's voice.
graywarrior
(59,440 posts)I believe they think it would alienate them from Artie T. Maybe in the future they might feel differently.
mountain grammy
(26,642 posts)graywarrior
(59,440 posts)A back of the envelope calculation for all of you:
Market Basket's annual revenue is $4.6 billion:
That is roughly $80 million per week. Some weeks are higher than others (eg Christmastime), some are lower (eg vacation time). Let's assume that these past few weeks would normally bring in around $70 million in revenue. Sales are down between 70% and 92%, depending on the source. Using the lower figure, sales are down $50 million ($70 mil times a 70% reduction) in the last week alone.
Fifty million dollars.
$50,000,00.00
Each and every week you guys keep this up, their revenue stream (not profit) is down fifty million dollars. Some of their costs are going down, too, but many other costs are fixed. You're creaming the bottom line.
With that, I'm done with my motivational speech.
graywarrior
(59,440 posts)www.thepetitionsite.com/889/093/719/reinstate-arthur-t-demoulas-as-market-basket-ceo/?taf_id=12146859&cid=fb_na#
Don't know why it won't link. Sorry.
steve2470
(37,457 posts)steve2470
(37,457 posts)NYC_SKP
(68,644 posts).
http://wearemarketbasket.com/
Solidarity!
Great story, great movement, good luck and stay strong!
graywarrior
(59,440 posts)Customers are rallying and posting things like, "you can't fire us, we quit!"
TBF
(32,084 posts)steve2470
(37,457 posts)brer cat
(24,591 posts)You NE folks rock!
rateyes
(17,438 posts)Been a while!
smirkymonkey
(63,221 posts)These employees are truly inspiring!