General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThat does it, I'm getting a job at Market Basket
{snip} Comments from Artie T
We keep it as simple as possible for people, he said. We keep costs low and quality high. We keep the stores clean and offer service with a smile. And if at the end of the day you have some success, then you share that with the associates.
In the wake of his agreement to buy Market Basket, many specialists have questioned whether the company will be able to maintain an employee profit sharing plan that costs tens of millions of dollars a year.
But Demoulas described his commitment to the plan as unwavering. He recounted a recent retirement party at which all four departing employees left the company with large nest eggs. Two store directors had more than $1 million; a produce supervisor had $800,000; and a truck driver was leaving with more than $700,000.
http://www.bostonglobe.com/business/2014/09/11/after-epic-market-basket-battle-arthur-demoulas-happy-just-being-grocer/Iqd3AyAX6qh36fhldPOyPN/story.html
NYC_SKP
(68,644 posts)I'm trying to remember a business that was saved by an employee buyout plan a few years ago but draw a blank.
There is Publix, among the top 100 businesses to work for: http://en.wikipedia.org/wiki/Publix
And other examples, I wish I could name them!
graywarrior
(59,440 posts)I want to stock bananas....lol
NYC_SKP
(68,644 posts)Especially if they have those thunder and rain sound effects when the water sprayers come on!
graywarrior
(59,440 posts)Apparently, it makes the produce weigh more coz they're wet. MB is all about saving money for customers. On second thought, I want to work in the bulk candy aisle. I'm addicted to their toffees.
Meet you in the break room!
onyourleft
(726 posts)...excellent posting during the strike, I thought you probably already worked for Market Basket.
graywarrior
(59,440 posts)I lose my current job, I'll go work for Artie.
A Little Weird
(1,754 posts)A successful company should benefit all employees and not just those at the very top. I am glad we have at least a few of these places left.