Meet The Retail CEO So Popular That Thousands Of Workers Staged A Revolt When He Was Fired

[Justice]

38. This latest twist in the continuing saga started about a year ago.

Since the last big court decision in 1998, Rafaele(a) Evans - a sister in law of Arthur S. had been voting with Arthur T because she was angry that Arthur S. tried to assert control over a trust that was set up for this sister in law and her daughter. Rafaele(a) was married to Arthur S.'s brother.

Apparently Rafaele(a) decided last July to vote with Arthur S. and that decision resulted in Arthur S.'s group controlling the appointment of 3 independent directors - who supported big changes to the profit sharing plans (a major component of employees' compensation) and to distributing $300 million dollars to the shareholders.

Rafael(e) and her daughter live in England so they are completely disconnected from the business and frankly the money is likely what caused her to switch alliances.

The family has used lots of dirty tricks on each other over the years and people have no love for them. Arthur T's son in law and his wife did terrible things to an elderly couple in Boston to try to drive them out of their condo.

However, this latest move is designed to completely reshape the economics of the company, to pay employees less money by changing the profit sharing plan and make other changes. I also read that the new CEOs have changed the hours so that (some/many) people are being cut back to 26 hours a week. That will obviously affect their ability to qualify for insurance.

I am supportive of the employees for this reason - Arthur T. is prepared to continue paying the employees whereas Arthur S. wants to strip out money from the company for himself and the other shareholders. I realize that the shareholders own the company, but Arthur T realized that the employees built the company and there was enough money for everyone to benefit.

Edited to add link to facebook page if you want to follow this from the employees' perspective - https://www.facebook.com/pages/Save-Market-Basket/136649323208808?fref=nf.