Catching Up with Felicia

I have been impressed by 99 Cents Only’s commitment to delivering value to their customers and appreciate the opportunity to join this organization and find new ways to enhance value for all stakeholders. – Felicia Thornton, November 2015 upon joining 99 Cents Only Stores

Alberstons is a great company with strong core fundamentals and tremendous market potential. I look forward to working with Larry and his new management team as we drive the company forward and maximize value for our customers, associates and shareholders. – Felicia Thornton, August 2001 upon joining Albertsons

Albertson’s is a great company with strong core fundamentals and tremendous market potential. I look forward to working with Larry and his new leadership team as we drive the company forward and maximize value for our customers, associates and shareholders. – See more at: http://www.progressivegrocer.com/research-data/market-trends/albertsons-names-industry-veteran-felicia-d-thornton-executive-vp-and-chief-financial-officer?nopaging=1#sthash.KvKrr92i.dpuf

 

Albertson’s is a great company with strong core fundamentals and tremendous market potential. I look forward to working with Larry and his new leadership team as we drive the company forward and maximize value for our customers, associates and shareholders. – See more at: http://www.progressivegrocer.com/research-data/market-trends/albertsons-names-industry-veteran-felicia-d-thornton-executive-vp-and-chief-financial-officer?nopaging=1#sthash.KvKrr92i.dpuf
Albertson’s is a great company with strong core fundamentals and tremendous market potential. I look forward to working with Larry and his new leadership team as we drive the company forward and maximize value for our customers, associates and shareholders. – See more at: http://www.progressivegrocer.com/research-data/market-trends/albertsons-names-industry-veteran-felicia-d-thornton-executive-vp-and-chief-financial-officer?nopaging=1#sthash.KvKrr92i.dpuf

The last we saw or heard of Felicia Thornton was last December when she left Market Basket headquarters for the final time. She and co-CEO Jim Gooch, along with the three mercenaries independent board members, Keith Cowan, Ron Weiner and Eric Gebaide, all left town after being defeated by the stakeholders in their endeavors to destroy this great company. All five of them will be forever linked together. Together they will reside in history as having provoked the masses to conceive and carry out one of the greatest business stories of our time. Despite the fact that they enriched themselves along the way, they were unmitigated failures in their jobs.

We promised that we would keep an eye on them and let the world know who and what they are so that they could not move on to another company where they might inflict more harm. Unfortunately, we failed on that end. Now Felicia has landed her new role as Chief Financial Officer and Treasurer at a chain in the Southwest called 99 Cents Only Stores. While in the quote above she mentions that she looks forward to enhancing value of all stakeholders, her track record shows that stakeholders tend to be the victims of her policies.

At Albertsons, Felicia was part of a team which positioned the company for its eventual sale to SuperValu for $17.7 billion. Along the way, she treated the stakeholders to such values as layoffs and shuttered stores. She walked away with tremendous value of her own in the form of a $17 million golden parachute.

Next she came to Market Basket and we all know what she tried to do here. Despite her attempts to calm the fears of stakeholders she only inflamed them. She threatened all of us. She would have been the perfect CEO for Arthur S. Demoulas had we not all told her to her face that we were not going to take it. We don’t know for certain what she was paid for her utter failure of a tenure but rumors have it to have been in the millions. Nice little club she’s in…

Now she has moved on to a new victim, 99 Cents Only Stores. We sympathize with all of those who stand in the path of hurricane Felicia as she starts to churn. We write this now in the hopes that you wake up to the threat that she might be to your jobs. Keep an eye on her and do what you can to keep her in check or else, before you know it, she’ll be waltzing off back to the Pacific Northwest with another fat payday at your expense.

We encourage followers of We Are Market Basket to check out their company’s page on Face Book and perhaps start to sound the alarm in the form of comments. https://www.facebook.com/99CentsOnly/?fref=ts

Let’s be sure that Felicia knows we are watching her.

 

Albertson’s is a great company with strong core fundamentals and tremendous market potential. I look forward to working with Larry and his new leadership team as we drive the company forward and maximize value for our customers, associates and shareholders. – See more at: http://www.progressivegrocer.com/research-data/market-trends/albertsons-names-industry-veteran-felicia-d-thornton-executive-vp-and-chief-financial-officer?nopaging=1#sthash.KvKrr92i.dpuf

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