“To speak evil of any one, unless there is unequivocal proofs of their deserving it, is an injury for which there is no adequate reparation.”–George Washington
The Board has attacked ATD and senior management of OUR company in an unprofessional and slanderous way on a public forum for all including our competition to see. They state
“The Board will also be very concerned if the disclosure to associates by Arthur T. Demoulas through Mr. Marsden of managements request for a “special bonus” for associates (a request that was never made in person by management to the Board prior to the memos disclosure) was a blatant attempt to influence associates.”
We have read and reread the letter from BM that they refer to and nowhere does it say anything at all about a “special bonus” for associates. The letter refers to the bonus pool increasing from $35 million to $56 million and profit sharing from 15% to 20%. They speak of a “blatant attempt to influence associates” if they knew anything about our company they would know that ATD does not need to write a letter to influence any of us. ATD is a tremendous influence to all of us simply by being our CEO. ATD shares these numbers with us every year and this year he shared them a week earlier as a “blatant attempt” to allay the fears that all associates have about their end of year bonuses and profit sharing. The Board on the other hand sent us all a letter at the end of August that was indeed a blatant attempt to influence associates. How dare you speak to our beloved CEO this way through a public forum when since day one the Board has been trying to influence us through any means necessary including, lies, half truths and misinformation.