Ousted Market Basket leader offers to retake helm--[EVIL] board dismisses offer

[HomerRamone]

You think maybe there's some dark money involved to make sure an employee victory precedent isn't set?

http://www.bostonglobe.com/business/2014/08/03/arthur-demoulas-wants-return-market-basket/7BSMXDy7L0QUzhENlGk1ON/story.html?p1=Article_Trending_Top

Former Market Basket president Arthur T. Demoulas offered to return the crippled chain to normal operations Sunday night by resuming control of the business while he continues to negotiate to buy the company from rival family members.

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In its own statement Sunday night, the board dismissed Arthur T.’s offer to immediately return to the company, and reaffirmed its support for the current co-chief executives, Felicia Thornton and James Gooch, who it named to replace Arthur T.

“Demoulas Market Basket is considering strategic alternatives directly with parties in private conversations,” the statement said. It encouraged minority shareholders, including Arthur T., to “continue providing constructive proposals.

“Following the board’s evaluation of all of offers, it will convey its recommendations to the company’s shareholders who have the final decision as to which strategic alternative, if any, to accept.”

[Mopar151]

1. There's some guy from outa town, who's tellin Arthur S. that this is a slam dunk.

"They'll come crawlin' back, once we break 'em!" Likely some kind of union bustin' consultant, brought in by the investment bankers that have been telling Arthur S. and his side how stinkin' rich they're gonna get. This is no ordinary hostile takeover - failure to fix this mess will leave a staggering ruin of a regional chain, whose cash position must already be precarious.

[Agschmid]

5. I will never go back.

[Mopar151]

6. With scab help, and prices spiraling up - who would? n/t

[Agschmid]

7. No unions, no "scabs" sort of...

[Dreamer Tatum]

2. I wonder when enough is enough for some people.

The goddamn thing ran fine before someone decided they wanted more money.

[tammywammy]

3. While the guy treated the employees well

From what I've read he also purposefully screwed them out of millions this whole time because they were the other family. There were judgements to that effect. So while yes he was great to his employees and I understand why they're standing up for him, he wasn't a saint.

[Mopar151]

4. Different generation of Demoulas

George and Mike, IIRC

[Gormy Cuss]

8. Yep. These are the sons.

Mike(Arthur T's father) royally screwed over George's family (Arthur S.'s father.)