Help Save Market Basket!!!

Rusty · 08-09-2014, 02:38 PM

I have a theory...probably a far out one, but who knows.

No business owner in their right mind would allow this to happen or go on as it has... So I think the Demoulas family planned this whole thing out together so that they could get someone to buy them out real quick and they can make Billions off the sale. They started the bidding process with a high number in hopes that someone would bid higher.

This would be a prime opportunity for Hanafords parent company to get rid of their biggest competition.

The employees fell for all of this and now they will suffer the consequences.

RailroadJoe · 08-09-2014, 05:41 PM

Rusty, are you smoking the weed or what?

Rusty · 08-09-2014, 07:26 PM

This below sign is posted at a Hannaford store. It also should have had a statement that said: You will be working for us soon anyway.

wifi · 08-09-2014, 07:33 PM

Quote:

Originally Posted by Rusty

I have a theory...probably a far out one, but who knows.

No business owner in their right mind would allow this to happen or go on as it has... So I think the Demoulas family planned this whole thing out together so that they could get someone to buy them out real quick and they can make Billions off the sale. They started the bidding process with a high number in hopes that someone would bid higher.

This would be a prime opportunity for Hanafords parent company to get rid of their biggest competition.

The employees fell for all of this and now they will suffer the consequences.

While I understand what you are saying, this planning would inply lots of forethought, which that side of the family hasn't displayed at this point. If they win out with lots of $$, its more likely luck/circumstances than any level of high mental activity

jeffk · 08-10-2014, 02:09 PM

Quote:

Originally Posted by Rusty

I have a theory...probably a far out one, but who knows. ...

This animosity has been going on quite publicly for a long time. I doubt they are coming together to stage anything.

Might the ASD side of it be happy to sell and take the money and run? Absolutely, since that seems to be their main focus.

It seems a bit crazy to let things get to this point because a viable business is going to be worth more than one that is disintegrating. Hannaford's buying them out to rid themselves of a low price competitor is NOT going to offer top dollar.

Maybe the hatred of each other has gotten to the point where they just don't care if they take a loss. They just want OUT! They probably did not expect the employee backlash but now that it has happened, what are they going to do? Work on rebuilding the business? They didn't want to spend time and money doing that in the first place. Their hatred of ATD would probably prevent the ASD side from accepting a buyout (that would probably delay the payout for as long as possible) to ATD. So what's left? Sell it for what you can. Scorched earth.

jetskier · 08-10-2014, 03:14 PM

Quote:

Originally Posted by jeffk

This animosity has been going on quite publicly for a long time. I doubt they are coming together to stage anything.

Might the ASD side of it be happy to sell and take the money and run? Absolutely, since that seems to be their main focus.

It seems a bit crazy to let things get to this point because a viable business is going to be worth more than one that is disintegrating. Hannaford's buying them out to rid themselves of a low price competitor is NOT going to offer top dollar.

Maybe the hatred of each other has gotten to the point where they just don't care if they take a loss. They just want OUT! They probably did not expect the employee backlash but now that it has happened, what are they going to do? Work on rebuilding the business? They didn't want to spend time and money doing that in the first place. Their hatred of ATD would probably prevent the ASD side from accepting a buyout (that would probably delay the payout for as long as possible) to ATD. So what's left? Sell it for what you can. Scorched earth.

The problem with all of this is that business logic does not apply. Clearly, no self respecting business person would allow an asset such as MB (especially with a large equity share) to decompose in this fashion. Most of this is emotional and historical:

Arthur T's father supposedly took millions from Arthur S's father which he was not entitled to.
Arthur T has built up MB and turned it into a prideful and productive company.
Arthur S bears the animosity of what allegedly happened to his father toward Arthur T.
Arthur S appears to want to pull as much capital out of MB as he can without concern for the company (ergo the $250M distribution).
It seems as though Arthur S would be happy to destroy what Arthur T has built as retribution.
Both have more money than god and appear to be engaged in an emotional battle.

It would be nice to see cooler heads prevail; otherwise, I suspect that this will be scorched earth. Fundamentally, it is not clear whether MB has the capital to survive a prolonged standoff.

Jetskier

tis · 08-10-2014, 03:32 PM

ASD and ATD, how about a little ADD??

nhcatrider · 08-10-2014, 04:53 PM

Quote:

Originally Posted by jetskier

[U]
It would be nice to see cooler heads prevail; otherwise, I suspect that this will be scorched earth. Fundamentally, it is not clear whether MB has the capital to survive a prolonged standoff.

Jetskier

They don't. Remember the $250m payout? That was the cash reserves, positive cash flow is non existant right now, and some of the vendors are going cash on delivery now. It's just a matter of time, and time is something they don't have very much of.

Rusty · 08-10-2014, 08:02 PM

I'll bet MB employees are shocked that the CEO hasn't caved in at all. Next week MB hours will be reduced even more.

All because they got involved with the Demoulas family feud.

jeffk · 08-11-2014, 03:35 AM

Quote:

Originally Posted by Rusty

I'll bet MB employees are shocked that the CEO hasn't caved in at all. Next week MB hours will be reduced even more.

All because they got involved with the Demoulas family feud.

Rusty, you speak as if they haven't been involved simply by being employees.

Who knows for sure what might have happened but with the ASD attitude of getting their money out of the business it is very likely that MB would NOT have been a strong competitor as a low price market. Given the current state of the stores it's not clear that the ASD folks know how to run the business. To get their money out of the business prices would probably have gone up, employees cut, and other cost cutting measures taken that would have impacted employees and customers. It might not have happened right away but MB would likely have lost it's niche, lost business, and sold off or closed.

At that point, and probably long before, jobs would be lost and working conditions deteriorated. Employees have been trying to convince the ASD group that they are headed in the wrong direction. This is enlightened self interest. They are trying to save their jobs and a business they like working at. You are suggesting employees should go quietly as lambs to a slaughter?

Employees may be shocked but probably because the ASD management is willing to let a viable business implode.

Also, I'll bet ASD has lost far,far more in current share value over this mess then ATD's father "took" from ASD's father. ASD is cutting off his nose to spite his face. Vendettas can be expensive!

tis · 08-11-2014, 06:26 AM

Quote:

Originally Posted by jeffk

Rusty, you speak as if they haven't been involved simply by being employees.

Who knows for sure what might have happened but with the ASD attitude of getting their money out of the business it is very likely that MB would NOT have been a strong competitor as a low price market. Given the current state of the stores it's not clear that the ASD folks know how to run the business. To get their money out of the business prices would probably have gone up, employees cut, and other cost cutting measures taken that would have impacted employees and customers. It might not have happened right away but MB would likely have lost it's niche, lost business, and sold off or closed.

At that point, and probably long before, jobs would be lost and working conditions deteriorated. Employees have been trying to convince the ASD group that they are headed in the wrong direction. This is enlightened self interest. They are trying to save their jobs and a business they like working at. You are suggesting employees should go quietly as lambs to a slaughter?

Employees may be shocked but probably because the ASD management is willing to let a viable business implode.

Also, I'll bet ASD has lost far,far more in current share value over this mess then ATD's father "took" from ASD's father. ASD is cutting off his nose to spite his face. Vendettas can be expensive!

What I wonder is how did ALL the employees know all this? Most people don't even listen to the news, I am shocked that these employees knew so much about the company finances.

gillygirl · 08-11-2014, 09:00 PM

Quote:

Originally Posted by tis

What I wonder is how did ALL the employees know all this? Most people don't even listen to the news, I am shocked that these employees knew so much about the company finances.

Nothing spreads faster than company gossip.

Diver Vince · 08-12-2014, 04:47 AM

Everyone (except the competition) loses with this ongoing debacle; Arthur T, Arthur S, the employees, the management, the consumers. And who's to blame? IMHO all of the above. Everyone says hooray for our side, we are the righteous ones. Shameful indeed. Funny, sounds like what's going on in our government.

tis · 08-12-2014, 06:37 AM

Quote:

Originally Posted by Diver Vince

Everyone (except the competition) loses with this ongoing debacle; Arthur T, Arthur S, the employees, the management, the consumers. And who's to blame? IMHO all of the above. Everyone says hooray for our side, we are the righteous ones. Shameful indeed. Funny, sounds like what's going on in our government.

Well, I got a little insight into it yesterday when someone told me they had gotten a flier a year ago. So I guess somebody has been keeping employees and customers aware of what is going on and keeping them motivated. It makes more sense to know that there was organization. See and they didn't even need a union. I think they did better than any union in stirring up the troops.

Rusty · 08-12-2014, 06:46 AM

Quote:

Originally Posted by tis

Well, I got a little insight into it yesterday when someone told me they had gotten a flier a year ago. So I guess somebody has been keeping employees and customers aware of what is going on and keeping them motivated. It makes more sense to know that there was organization. See and they didn't even need a union. I think they did better than any union in stirring up the troops.

I'm a customer and I didn't have a clue that all this would happen.

My only motivation was to get some Turkey thighs at MB...I sure do miss them. No one cooks them like MB in Rochester.

Rusty · 08-12-2014, 07:03 PM

Hundreds of Market Basket employees received letters Tuesday giving them the ultimatum of returning to work by Friday or losing their jobs.

Will they return to work??

http://www.wmur.com/money/protesting...428094#!bCqsJw

Rusty · 08-15-2014, 05:20 PM

Went shopping at Hannaford in Alton today and had a hard time finding a parking spot.

I make a comment to the cashier that they are getting a lot of MB customers here today and she said: "MB will be Hannaford pretty soon".

I said: "Why did you say that?"

She said: "Because Hannaford put bid in for MB."

We'll see I guess.

dave603 · 08-15-2014, 08:37 PM

Yeah, we should always go by what the cashiers say, even when it rings up wrong.

patman · 08-15-2014, 08:41 PM

Re: Hannaford...this article was published about a week ago about their bid:

http://boston.cbslocal.com/2014/08/0...market-basket/

Rusty · 08-15-2014, 09:06 PM

Hannaford won't have to get rid of any MB employees, there won't be any left to after next week.

secondcurve · 08-11-2014, 06:13 AM

Quote:

Originally Posted by Rusty

I'll bet MB employees are shocked that the CEO hasn't caved in at all. Next week MB hours will be reduced even more.

All because they got involved with the Demoulas family feud.

No. I bet the vast majority believe in what they are doing. I have a feeling that ASD is close to folding. These workers are willing to suffer short-term pain to get long-term gain. I also believe if ASD comes out on top he is going to need the workers as much as they will need him.

Are you a believer in Labor Unions? I hate them but somehow I have a feeling you are a supporter.

08-09-2014, 02:38 PM	#1
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	I have a theory...probably a far out one, but who knows. No business owner in their right mind would allow this to happen or go on as it has... So I think the Demoulas family planned this whole thing out together so that they could get someone to buy them out real quick and they can make Billions off the sale. They started the bidding process with a high number in hopes that someone would bid higher. This would be a prime opportunity for Hanafords parent company to get rid of their biggest competition. The employees fell for all of this and now they will suffer the consequences. __________________ It's never crowded along the extra mile.

08-09-2014, 07:26 PM	#3
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	This below sign is posted at a Hannaford store. It also should have had a statement that said: You will be working for us soon anyway. __________________ It's never crowded along the extra mile.

08-10-2014, 08:02 PM	#9
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	I'll bet MB employees are shocked that the CEO hasn't caved in at all. Next week MB hours will be reduced even more. All because they got involved with the Demoulas family feud. __________________ It's never crowded along the extra mile.

08-12-2014, 07:03 PM	#16
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	Hundreds of Market Basket employees received letters Tuesday giving them the ultimatum of returning to work by Friday or losing their jobs. Will they return to work?? http://www.wmur.com/money/protesting...428094#!bCqsJw __________________ It's never crowded along the extra mile.

08-15-2014, 05:20 PM	#17
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	Went shopping at Hannaford in Alton today and had a hard time finding a parking spot. I make a comment to the cashier that they are getting a lot of MB customers here today and she said: "MB will be Hannaford pretty soon". I said: "Why did you say that?" She said: "Because Hannaford put bid in for MB." We'll see I guess. __________________ It's never crowded along the extra mile.

08-09-2014, 05:41 PM	#2
RailroadJoe Senior Member Join Date: Jan 2010 Posts: 620 Thanks: 259 Thanked 158 Times in 100 Posts	Rusty, are you smoking the weed or what?

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08-10-2014, 03:32 PM	#7
tis Senior Member Join Date: Jan 2006 Posts: 6,709 Thanks: 751 Thanked 1,455 Times in 1,012 Posts	ASD and ATD, how about a little ADD??

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08-12-2014, 04:47 AM	#13
Diver Vince Senior Member Join Date: May 2012 Location: Bonaire Dutch Caribbean and Gilford NH Posts: 103 Thanks: 31 Thanked 27 Times in 17 Posts	Everyone (except the competition) loses with this ongoing debacle; Arthur T, Arthur S, the employees, the management, the consumers. And who's to blame? IMHO all of the above. Everyone says hooray for our side, we are the righteous ones. Shameful indeed. Funny, sounds like what's going on in our government.

08-15-2014, 08:37 PM	#18
dave603 Senior Member Join Date: Apr 2013 Location: Nashua/Winnisquam Posts: 282 Thanks: 106 Thanked 96 Times in 49 Posts	Rusty Yeah, we should always go by what the cashiers say, even when it rings up wrong.

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08-15-2014, 08:41 PM	#19
patman Senior Member Join Date: Jun 2008 Location: NH Posts: 379 Thanks: 56 Thanked 156 Times in 78 Posts	Re: Hannaford...this article was published about a week ago about their bid: http://boston.cbslocal.com/2014/08/0...market-basket/

08-15-2014, 09:06 PM	#20
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	Hannaford won't have to get rid of any MB employees, there won't be any left to after next week. __________________ It's never crowded along the extra mile.