It appears they’ve agreed on the price and the buyer has arranged financing. Just like buying house. Now all we do is wait for the closing. Time for the inspections and the microscopic review of the mortgage application.
And as we all know the buyer doesn’t move in until the deed is signed and the check is cleared. Doesn’t even have a key. It doesn’t belong to him and deals falls through all the time.
But Artie T. is special. Ask him. Ask all the warehouse workers and truck drivers who “unanimously” agree that not bringing home paychecks is worth the sacrifice and martyrdom for Saint Artie T.
Then ask the store managers and workers who show up for work and collect pay checks but have nothing to do because their buddies on the the logistics side of the business shut the place down.
Artie T. wants control before the deal is complete. He wants to get in there and do what it is he does and then….
Who knows? But the most honest person in the world doesn’t receive those terms because the opportunity to screw the buyers is huge. And the last thing Artie T. wants to do is hand money over to Arthur S.
Patrick says
…will the employees strike again?
justice4all22 says
that you comment so regularly on the Market Basket saga. From my perspective – both sides are behaving badly and to some extent, irrationally. Artie S had a whole year to plan for this transition and has made one bad decision after another, starting with the two CEOs (who does that!) which effectively disabled them from the outset. Yes – two CEOs gives the appearance of weakness or a favor for some board member’s third idiot cousin. And then having no one minding the store, so to speak – and talking to the employees. You can’t serve up hate and loathing on the store shelves! Customers don’t care about a billionaires’ food fight, but will care if you give them a reason to….and Artie S (whom I had always felt bad for, given the screwing his side of the family received) has revealed himself to be a poor performer who is only in this for revenge and that’s irrational in business. This is an embarrassment – who lets a 3B USD chain go down the hopper? Where the hell was their plan for a transition? And as for Artie T. – even if half the stuff you say is true, at least he was able to run the damn stores and keep them running. His employees clearly support him and appreciate his efforts on their behalf. He was an effective administrator and manager, which is far more than we can say about the Artie S. side. Artie S’ revenge sandwich has to be a little bitter. He can eat that with a side of crow.
jconway says
Seems to be Ernie is the only other person who thinks that revenge, no matter how merited, is a dish best served cold and on a row of empty shelves.
eb3-fka-ernie-boch-iii says
Not empty shelves but closed stores. And that’s Artie T.’s fault. Without a doubt.
He’s an extortionist.
My God the masses are so easily led.
justice4all22 says
The shelves are empty because Artie S. didn’t plan his integration and transition wisely. He didn’t speak to his employees and he didn’t plan on the insurrection. He just thought they could be led like lambs to the slaughter….except it didn’t go down like that.
eb3-fka-ernie-boch-iii says
instead they forced Artie T. to buy it a premium or bale. Now he’s a tool of Wall Street and the 1.5 billion dollar nut will have to come from revenue or costs or both. Lose lose for employees and customers.