By John Ruberry "'Vanity of vanities," saith the Preacher, "vanity of vanities; all is vanity.'" Ecclesiastes 1-2. There are many great American business success stories--and the rise of Sears, Roebuck and Company is one of the more compelling tales. The last few pages of the book on Sears are blank--and the ending is not going … Continue reading Sears: The end is coming soon
Heard about the Market Basket Deal just a few minutes ago (11:20 PM) and here is what comes to mind. Tomorrow I have shopping to do. The financing of the deal is going to have to be paid for somehow. It will likely have to come out of a combination of profits & prices so … Continue reading Quick Market Basket Victory thoughts
by Fausta Rodriguez Wertz Ah, Warren Buffett. The Oracle of Omaha, loved by American liberals every time he claims to be paying a lower rate than his secretary (which was debunked, by the way), the guy after whom the Buffett rule is named. Buffett orchestrated Burger King Worldwide Inc.'s acquisition of Tim Hortons Inc. (a … Continue reading Warren Buffett and his American dollars for Canadian doughnuts
Randolph Duke: Exactly why do you think the price of pork bellies is going to keep going down, William? Billy Ray Valentine: Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own … Continue reading Hannaford’s Golden Age, courtesy of Arthur S. Demoulas
Today is the deadline for Market Basket Employees to return to work or be fired by current management. Given the situation, (Romano's 1 room market did more business than Market Basket in Fitchburg this week) something has to give, you have vendors no longer making deliveries, bills not being paid and the chain's value plummeting … Continue reading Will Market Basket Hold a Customer Fair Too?
Friday I attended the Protest at the Market Basket in Tewksbury that you might have heard of on the NBC nightly news yesterday. I got to the event at 10 but even during the post rush hour time of the event the The Traffic on 495 was impossible and when I arrived at the event … Continue reading My Videos from Friday’s Market Basket Protest
Today the latest chapter a unique labor dispute played out in the parking lot Market Basket store 8 in Tewksbury where 3000+ workers, managers customers and well wishers turned out to express their support for ousted CEO Arthur T. Demoulas in his bid regain control of the company that he has run for years. Workers with … Continue reading Market Basket Tewksbury MA 12:28 PM
On Wednesday I stopped by Market Basket on Water Street in Fitchburg. There was a large group of off duty associates lining the area asking customers to avoid the store for the week. By the look of the Parking Lot that request was being honored. There were very few cars and the store itself was … Continue reading Market Basket Update, Video & Interviews Wednesday
A big development in the Demoulas wars. Arthur T Demoulas the man who the employees love has made an offer The Boston Globe reports that Market Basket’s ousted leader, Arthur T. Demoulas, and his side of the Demoulas family have made an offer to buy out rival family members for control of the company. “We … Continue reading Market Basket Update: An offer from Arthur T
If you want to understand how unique the Market Basket protest is listen to this WBUR interview with one of the protesters who has been fired after 41 years at the store You might note the entire argument of the fired worker concerning the good of the business & the old CEO who made it … Continue reading What makes the Market Basket Protest Unique?
The Market Basket story that I've written about over the last year is about to come to a head: @DaTechGuyblog @PatVPeters @Morning_Joe pic.twitter.com/xoqWLIS3TZ — Michael Bukowski (@bukenator) July 16, 2014 Local media have written heavily on this subject and if you read those pieces they accidentally expose what is a flaw that sometimes manifests in … Continue reading At Market Basket Anger Trumps Profit
This week the story broke that Costco was pulling Dinesh D;Sousa's new book from its shelves The wholesale giant Costco has issued an order to remove all copies of Dinesh D’Souza’s bestselling book, “America: Imagine the World Without Her,” from the shelves of its stores nationwide, WND has confirmed. The book, in this midterm election year, is … Continue reading Costco Learns Cause and Effect
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as … Continue reading How Foolish can one Supermarket Chain Be?
The headline at the New York times suggests that the Obama administration has cut the escape for business' trying to avoid the costs of Obamacare: Many employers had thought they could shift health costs to the government by sending their employees to a health insurance exchange with a tax-free contribution of cash to help pay … Continue reading What the IRS Obamacare ruling means
Max Bialystock: Max Bialystock is launching himself into little old lady land. The Producers 1967 One of the strangest things about the spectacle we call the Superbowl is the fuss about the ads. It's become a reason to watch a football game that more often than not isn't that close and for people looking for … Continue reading There’s a Sucker born every SuperBowl