“First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst.”–Dale Carnegie
Tomorrow will be the first Board meeting since February and the first since the back and forth lawsuits about the quorum. We know how you feel because we feel the same. You are worried about your careers, your livelihood, your mortgage payment, tuition payment, your company and your beloved CEO. More so than worried you are angry that a small group of shareholders and three “blow in” directors can turn one of the best run companies in America, and your life, upside down. You are angry that Rafaela, for a few extra million, would turn her back on 25,000 families and hand this company over to people whose only goal is the liquidation of and destruction of Market Basket. Since Judge Sanders announced her ruling on Thursday we have all been wondering what will happen at Monday’s Board meeting. Rumors are running rampant, profit sharing will be changed, operating cash liquidated, real estate sold, company goes into debt for the first time in it’s history and many more.
We have no idea and probably won’t find out until ATD and his management team come back from the meeting. We know the “A” shareholders control the Board and every vote goes 5-2 (shows that not one of the A/B directors has an ounce of independence) apparently ASD controls the justice system in Massachusetts as well so essentially they can do whatever they want tomorrow and ATD can do little to stop them. One thing we know for certain, whatever they vote on tomorrow will not be in the best interests of the company nor the stakeholders.
So we know what ASD controls but he doesn’t control us, the PEOPLE, and without our support he really has no control of the operation of the company. He can change whatever he wants but he can’t control or change us. Twenty five thousand voices cannot be silenced and we will not be silenced. Our company was built on the sweat, hard work and loyalty of the 25,000 associates under the leadership of ATD and his management team. Management and associates work together in perfect harmony to make this multi billion dollar company run like a well oiled machine. If you take either one of these factors out of the equation that well oiled machine grinds to a halt.
You’re angry and you have every right to be so until we hear what happens tomorrow think of the worst possible scenario, prepare for the worst and then we can move forward and improve on the worst. One thing you can take to the bank, ATD will never give up, he will support all of us for as long as it takes. One thing he needs to know when he goes tomorrow, we will never give up and we will cover his back for as long as it takes.
We, together, are Market Basket