“The only correct actions are those that demand no explanation and no apology.”—Red Auerbach
Monday, November 25, 2013, this becomes real for all of us. On this day, for the first time since this all began, our wallets will be directly impacted. Will the Board vote on ATD’s recommendations regarding our bonuses and profit sharing? Will they vote down ATD’s proposals? Will they do something in between? We just don’t know how these guys will vote.
What we do know is that the Board’s voting record so far has been overwhelmingly slanted towards the shareholders and against whatever ATD wants. We know that ATD understands us, works with us, knows who we are and appreciates all of our hard work, dedication and loyalty to him and his whole family. After a successful year along with the past five months of uncertainty and anxiety, ATD wants to reward us for our work ethic and dedication in the face of all these distractions. We can also be certain that ATD will go to that Board meeting and he will fight for us with every fiber of his existence. He will not allow us to be hurt by this if he can help it. The Board, however, seems to be on a path to destroy this company with no regard to the hurt it will cause thousands of people. Remember, ATD is for $56 million to share among 22,000 and ASD is for $46 million to share among 9. Oh, and let’s not forget the $300 million the 9 just paid themselves!
The one thing that the Board is not certain of is the backlash among the associates if they fire ATD or any of the executives and most certainly there will be hell to pay if they start screwing around with our wallets. How widespread and for how long? If you knew us you would know that it would be everywhere and for as long as it takes.
Think about what you are doing, think about your reputation, think about the consequences, vote wisely.