Help Save Market Basket!!!

RailroadJoe · 08-05-2014, 07:52 AM

I still shop at MB. I stopped there yesterday and talked to the people outside. I told them I have to get something they sell and no others do. I think it cost me a full $2.50 They are still very courteous and I think they are the winners no matter what happens. Good old Americans fighting for what they know is right. Too Bad Rusty.

Happy Gourmand · 08-05-2014, 08:15 AM

This is not at all about greed on the part on the employees. They are protesting to maintain their status quo. Artie S and company want to shift pay and benefits that are now available to employees to his own pocket. If Artie S is successful, Market Basket will be just another Super Market with high prices and minimum wage employees. (think Walmart). Market Basket is very unique in that they pay above average wages, maintain low prices and provide a great shopping experience. If you like Market Basket and want to continue to benefit from the low prices and the rest of the benefits, then you should think about supporting these loyal employees. They are putting their necks on the line for you as much as for anything or anybody else.

dave603 · 08-05-2014, 09:34 AM

Your right Phantom, but it is getting out of hand. there are three MBs in Nashua, one Hanaford and two Shaws.
With the MBs closed you can barley get into the Hanaford's store it's so crowded. I have not seen it like this since holiday shopping just before Thankgiving.

I stopped and ate lunch in the MB parking lot, and only saw one person go in and come out with anything at all, looked like one item. This has got to be killing the business.
Artie $, needs to get rid of his hate, and back out.

MAXUM · 08-05-2014, 09:56 AM

One thing that hasn't been mentioned here, but would be rather interesting.

So S now has control over the MB empire, clearly his philosophy is different and so long as he is calling the shots the "niche" or "advantage" MB has will eventually disappear and the future of the whole chain could be jeopardized. Plus no matter what the employees do, the one thing he cannot control is the customers.

T is certainly sitting on some serious personal wealth, and with his proven success, the way this situation has played out in the public arena, I would find it hard to believe that he's not contemplating the idea of pooling some investors together and starting up his own chain. With his track record, I'd certainly be an investor. I like his style, his discipline, his ideas of how to successfully run a business, keep it profitable AND take care of his employees. Heck the way things are looking, there will be ample space available when MB starts having to close stores. He also has a huge workforce that is ready and willing to work for him. Sure it stinks to start over, but at least there would no longer be any more family fighting, he could cash out what interest he has in MB sever the ties and go for it.

patman · 08-05-2014, 10:02 AM

Quote:

Originally Posted by dave603

Artie $, needs to get rid of his hate, and back out.

That makes sense from where you and I are sitting, but...this is a family feud, and ASD already went waaaaay out of his way to get rid of ATD. At the end of the day, it may simply boil down to not letting ATD win...and any chaos or collateral damage created as a result is completely irrelevant. It's not like ASD needs the money.

At this point I think it hinges on how far the other folks with controlling interests in MB are willing to follow ASD. We know at least one changed their position in the past (which is how ATD was ousted in the first place) and if they or others get tired of the effects, they could change alliances.

I just want MB back the way it was. A good store with good value and happy employees.

dave603 · 08-05-2014, 10:10 AM

What would happen if the the sisters or even one of them decide to get out and sell their shares to Artie T? wonder if that would be enough to get controlling shares and then just neuter Artie S?

Happy Gourmand · 08-05-2014, 10:19 AM

Quote:

Originally Posted by dave603

What would happen if the the sisters or even one of them decide to get out and sell their shares to Artie T? wonder if that would be enough to get controlling shares and then just neuter Artie S?

From what I read, Artie T holds 49.5% interest in the company now. He doesn't need much more to put him back in the driver's seat.

Farfrumbehavin · 08-05-2014, 10:39 AM

It would only make sense to me that every one in the MB family can look up and see two very large birds circling overhead. Shaw's own's 155 stores with over 30,000 employees, Hannaford is owned by an American subsidiary of of the Belguim Delhaize Group, who owns 1,100 stores along the eastern seaboard and in 2013 sold 104 Sweetbay Supermarket locations in Fla. My guess is that they have some pretty deep pockets! One would think that the biggest loss so far in this story is the value of the company. It could be that ASD eventually entertains an offer from one of the big supermarket giants rather than to turn it over to his cousin! I'm sure the circling birds must have a number in thier head ! You don't even have to beat the competition, just let it beat itself. Many times the key to success is good timing. Just Sayin!

dave603 · 08-05-2014, 10:46 AM

I don't think any of the big companies would touch this with a ten foot pole. Without Artie T running it, it's like being elected the President of Iraq, really not worth the trouble your buying into.

MAXUM · 08-05-2014, 10:51 AM

Quote:

Originally Posted by Farfrumbehavin

It would only make sense to me that every one in the MB family can look up and see two very large birds circling overhead. Shaw's own's 155 stores with over 30,000 employees, Hannaford is owned by an American subsidiary of of the Belguim Delhaize Group, who owns 1,100 stores along the eastern seaboard and in 2013 sold 104 Sweetbay Supermarket locations in Fla. My guess is that they have some pretty deep pockets! One would think that the biggest loss so far in this story is the value of the company. It could be that ASD eventually entertains an offer from one of the big supermarket giants rather than to turn it over to his cousin! I'm sure the circling birds must have a number in thier head ! Just Sayin!

For local competition, why touch MB? At this point why buy out the "competition" when it's internal strife is booming your business and it's not costing you a dime to benefit from it. If anything you can bet they are all cheering for this to never end anytime soon.

Farfrumbehavin · 08-05-2014, 01:20 PM

Quote:

Originally Posted by MAXUM

For local competition, why touch MB? At this point why buy out the "competition" when it's internal strife is booming your business and it's not costing you a dime to benefit from it. If anything you can bet they are all cheering for this to never end anytime soon.

Why not buy it when value of the company is at an all time low, Operate as a MB and control the whole market. Eliminate the competition completely. You might think that no body would touch this with a ten foot pole, but where are you going shop when this is over? If ASD maintains control cuts employees beneifits and raises prices than what seperates MB from everyone else. At that point I'd go to the store that is the most convenient. I'm sure the competition is loving the effect it is having on thier business and I bet they would love to see it stay that way. But we know that's not going to happen. We can get by with a lot of things in life but canned peaches are a must! We will only be left with a few choices, no matter who owns the stores. ATD and ASD have become house hold names around here but like after any war, eventually every body will go back about their daily lives and grocery shopping is part of that. I guess I was thinking this is economics 101, and when the competitor goes into a wobble you move in for the kill. I doubt that these international companies are interested in local concerns. Just throwing something else out there!

nhcatrider · 08-05-2014, 02:30 PM

T and his family own more of the real estate than S and his cronies. That being said, it was the root cause of all of this, S and his side feel that they are being cheated on that end. If the company does fold, they will both own empty stores. T has the experience, knowledge, skill and available work force to start over again. S has no idea how to run a grocery store, which is pretty obvious at this point.

dave603 · 08-05-2014, 03:57 PM

That's news to most of us I think.
How does T come to own most of the real estate?
I always thought most of the real estate was company owned? Not by T personally or his side of the family.
If true, then that does sort of put a different light on things, no wonder S would be mad.

Rusty · 08-05-2014, 04:08 PM

SHAREHOLDERS ALIGNED WITH ARTHUR T. DEMOULAS
Ownership stake: 49.5 percent
The children of Telemachus Demoulas:
Arthur T. Demoulas
Frances D. Kettenbach
Glorianne D. Farnham
Caren D. Pasquale

SHAREHOLDERS ALIGNED WITH ARTHUR S. DEMOULAS
Ownership stake: 50.5 percent
The children of George Demoulas
Arthur S. Demoulas
Diana D. Merriam
Fotene J. Demoulas

nhcatrider · 08-06-2014, 08:22 AM

Quote:

Originally Posted by dave603

That's news to most of us I think.
How does T come to own most of the real estate?
I always thought most of the real estate was company owned? Not by T personally or his side of the family.
If true, then that does sort of put a different light on things, no wonder S would be mad.

If you look at tax records, some of the stores are owned by RMD, which is owned by Mike Kettenback Sr., who is T's brother in law. More are owned by a real estate company owned by T's wife. The grocery store does not own any of the buildings, they instead have long term leases on them.

TiltonBB · 08-06-2014, 08:47 AM

Quote:

Originally Posted by nhcatrider

If you look at tax records, some of the stores are owned by RMD, which is owned by Mike Kettenback Sr., who is T's brother in law. More are owned by a real estate company owned by T's wife. The grocery store does not own any of the buildings, they instead have long term leases on them.

There are many reasons why seperate entities would own the real estate.

The first may be taxes. The depreciation on the real estate can be used to offset the taxable income for the company. If the company is very profitable higher rents can be charged, the net income will decline, and the increase in property income can be offset by the depreciation, thus reducing your income tax liability.

Liability may be another reason. If someone sues it is better to have isolated your assets than put them all under one name.

Only the family knows why they structured it the way they did. And really, with a privately held company it is really none of our business!

Winnisquamguy · 08-06-2014, 09:43 AM

Quote:

Originally Posted by nhcatrider

. The grocery store does not own any of the buildings, they instead have long term leases on them.

That's not true they do own some of there buildings!

08-05-2014, 04:08 PM	#14
Rusty Senior Member Join Date: Oct 2010 Posts: 2,028 Thanks: 603 Thanked 687 Times in 425 Posts	SHAREHOLDERS ALIGNED WITH ARTHUR T. DEMOULAS Ownership stake: 49.5 percent The children of Telemachus Demoulas: Arthur T. Demoulas Frances D. Kettenbach Glorianne D. Farnham Caren D. Pasquale SHAREHOLDERS ALIGNED WITH ARTHUR S. DEMOULAS Ownership stake: 50.5 percent The children of George Demoulas Arthur S. Demoulas Diana D. Merriam Fotene J. Demoulas __________________ It's never crowded along the extra mile.

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08-05-2014, 07:52 AM	#1
RailroadJoe Senior Member Join Date: Jan 2010 Posts: 620 Thanks: 259 Thanked 158 Times in 100 Posts	I still shop at MB. I stopped there yesterday and talked to the people outside. I told them I have to get something they sell and no others do. I think it cost me a full $2.50 They are still very courteous and I think they are the winners no matter what happens. Good old Americans fighting for what they know is right. Too Bad Rusty.

The Following User Says Thank You to RailroadJoe For This Useful Post:
tabascocat98 (08-08-2014)

08-05-2014, 08:15 AM	#2
Happy Gourmand Senior Member Join Date: Jul 2008 Location: Ruskin FL Posts: 1,027 Thanks: 188 Thanked 322 Times in 179 Posts	This is not at all about greed on the part on the employees. They are protesting to maintain their status quo. Artie S and company want to shift pay and benefits that are now available to employees to his own pocket. If Artie S is successful, Market Basket will be just another Super Market with high prices and minimum wage employees. (think Walmart). Market Basket is very unique in that they pay above average wages, maintain low prices and provide a great shopping experience. If you like Market Basket and want to continue to benefit from the low prices and the rest of the benefits, then you should think about supporting these loyal employees. They are putting their necks on the line for you as much as for anything or anybody else.

The Following 2 Users Say Thank You to Happy Gourmand For This Useful Post:
dave603 (08-05-2014), winnasake (08-05-2014)

08-05-2014, 09:34 AM	#3
dave603 Senior Member Join Date: Apr 2013 Location: Nashua/Winnisquam Posts: 282 Thanks: 106 Thanked 96 Times in 49 Posts	Your right Phantom, but it is getting out of hand. there are three MBs in Nashua, one Hanaford and two Shaws. With the MBs closed you can barley get into the Hanaford's store it's so crowded. I have not seen it like this since holiday shopping just before Thankgiving. I stopped and ate lunch in the MB parking lot, and only saw one person go in and come out with anything at all, looked like one item. This has got to be killing the business. Artie $, needs to get rid of his hate, and back out.

08-05-2014, 09:56 AM	#4
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 246 Thanked 1,942 Times in 802 Posts	One thing that hasn't been mentioned here, but would be rather interesting. So S now has control over the MB empire, clearly his philosophy is different and so long as he is calling the shots the "niche" or "advantage" MB has will eventually disappear and the future of the whole chain could be jeopardized. Plus no matter what the employees do, the one thing he cannot control is the customers. T is certainly sitting on some serious personal wealth, and with his proven success, the way this situation has played out in the public arena, I would find it hard to believe that he's not contemplating the idea of pooling some investors together and starting up his own chain. With his track record, I'd certainly be an investor. I like his style, his discipline, his ideas of how to successfully run a business, keep it profitable AND take care of his employees. Heck the way things are looking, there will be ample space available when MB starts having to close stores. He also has a huge workforce that is ready and willing to work for him. Sure it stinks to start over, but at least there would no longer be any more family fighting, he could cash out what interest he has in MB sever the ties and go for it.

08-05-2014, 10:10 AM	#6
dave603 Senior Member Join Date: Apr 2013 Location: Nashua/Winnisquam Posts: 282 Thanks: 106 Thanked 96 Times in 49 Posts	What would happen if the the sisters or even one of them decide to get out and sell their shares to Artie T? wonder if that would be enough to get controlling shares and then just neuter Artie S?

08-05-2014, 10:39 AM	#8
Farfrumbehavin Senior Member Join Date: Jul 2014 Posts: 52 Thanks: 7 Thanked 11 Times in 5 Posts	It would only make sense to me that every one in the MB family can look up and see two very large birds circling overhead. Shaw's own's 155 stores with over 30,000 employees, Hannaford is owned by an American subsidiary of of the Belguim Delhaize Group, who owns 1,100 stores along the eastern seaboard and in 2013 sold 104 Sweetbay Supermarket locations in Fla. My guess is that they have some pretty deep pockets! One would think that the biggest loss so far in this story is the value of the company. It could be that ASD eventually entertains an offer from one of the big supermarket giants rather than to turn it over to his cousin! I'm sure the circling birds must have a number in thier head ! You don't even have to beat the competition, just let it beat itself. Many times the key to success is good timing. Just Sayin!

08-05-2014, 10:46 AM	#9
dave603 Senior Member Join Date: Apr 2013 Location: Nashua/Winnisquam Posts: 282 Thanks: 106 Thanked 96 Times in 49 Posts	I don't think any of the big companies would touch this with a ten foot pole. Without Artie T running it, it's like being elected the President of Iraq, really not worth the trouble your buying into.

The Following User Says Thank You to dave603 For This Useful Post:
tabascocat98 (08-08-2014)

08-05-2014, 02:30 PM	#12
nhcatrider Senior Member Join Date: Mar 2014 Posts: 167 Thanks: 19 Thanked 29 Times in 27 Posts	T and his family own more of the real estate than S and his cronies. That being said, it was the root cause of all of this, S and his side feel that they are being cheated on that end. If the company does fold, they will both own empty stores. T has the experience, knowledge, skill and available work force to start over again. S has no idea how to run a grocery store, which is pretty obvious at this point.

08-05-2014, 03:57 PM	#13
dave603 Senior Member Join Date: Apr 2013 Location: Nashua/Winnisquam Posts: 282 Thanks: 106 Thanked 96 Times in 49 Posts	That's news to most of us I think. How does T come to own most of the real estate? I always thought most of the real estate was company owned? Not by T personally or his side of the family. If true, then that does sort of put a different light on things, no wonder S would be mad.