I worked at this company for 10 years. I didn't know jack when I started....had a great manager that had been there since the early....early...days of the company....WHEN JOE WAS HERE.....REMEMBER JOE LARRY? OR HAVE YOU HEARD OF JOE LARRY? Anyway....sorry about that....my manager taught me the trade. He was well liked by all in the store...customers and employees....and even the district managers got along with him...even though he couldn't stand a few of their asses. To the point...I learned from someone who knew what the hell was going on. Those folks are gone. When Joe died....we died. Bean counters took over and took the focus off the employees....except for of course...THEMSELVES....and forgot about what the customers wanted. They had the arrogance to dictate what their customers would buy. District managers seriously have no clue. They do not listen to people on the floor because of course as we all know THEY DON'T KNOW A F#CKING THING! WE ARE ALL JUST DROIDS PERFORMING SO THEY CAN MAKE MORE $$$$. We are always running out of ad items because our distribution chain is in utter chaos. We are told to be get our gross up....sell items with higher gross....make sense but we don't sell computer chips here folks we sell groceries. The only way our DM's could up the gross was to up the prices. WHEN I TOLD MY MANAGERS HOW TO FIND SOLUTIONS TO INCREASE THE SALES I WAS TOLD I HAD A BAD ATTITUDE AND THAT I WAS NOT FOLLOWING THROUGH WITH OUR PLAN. WHAT PLAN? We order 25 cases of corn or strawberries....we get 10. That's it 10. It sells out and I become MR. Personal Relations Rep for Albertson's Inc. But ohhh yeah lest I forget I have had my hours cut back due to lost sales over years and years because we can't get the product to sell to even keep pace with sales let alone beat them. Wal* Mart doesn't help us ....but we can't look at Walmart we need to look at ourselves..... Hell I see the problems here clearly....I see it every day...I live it. Larry flies to Europe and enjoys his pay. WAY TO ROW TO SHORE IN A LIFE RAFT WHILE THE TITANIC SINKS ON THE HORIZON. SPECIAL THANKS LARRY! YOU MAKE ME SICK. AND THE BOARD RETHINK YOUR PLAN. TO A POTENTIAL BUYER!!!! BEWARE!!!!BEWARE!!!! BUYER BEWARE!!
PS LARRY I WOULDN'T HANG OUT TO LONG IN BOISE SIR IF YOU SELL THIS COMPANY....HOW DO YOU JUSTIFY THE AMOUNT OF MONEY YOU HAVE MADE OFF THIS COMPANY? HOW DO SLEEP AT NIGHT?
I left this company over 5 years ago. The only thing that was certain was that upper management took care of itself and damn everyone else.
Guaranteed that the board and the top 15 or 20 in the organization cashes out millions in options for doing s shitty job. In the meantime they worked everyone to death and now all of middle management will be screwed.
No different than when Vic Lund sold ASC to ABS. There were a lot of VPs happy about the sale. All options vest on the day of the sale. Many VPs made millions. Employees were either forced to move or lost their jobs due to cutbacks.
Hey Larry, where are all those synergies you promised to find? Other than cutting costs, meaning other peoples jobs or pay(and not your own salary)you did nothing to earn the 10s of million you made over the years. How can you sleep knowing that tens of thousands of employees are now uncertain about their futures? Because you not only failed but did not try. Your job was to collect as much for you and your inner circle and let the high turnover continue.
Here is the list of people that will have their golden parachutes, restricted stock that they received for nothing and options that were given well below strike price:
ANDRUS, CECIL D. BAILEY, PAMELA G. BANKS, ROBERT K. BECK, TERESA BRYANT, HENRY I. BUTLER, ROBERT CHARLES DOWNES, ADRIAN J DUNST, ROBERT J JR GANNON, PAUL TIMOTHY GENTILE, JAMES F. HERBERT, KATHY J. JOHNSTON, LAWRENCE R. NEUMANN, SUSAN POWELL, PAMELA S. PRITCHARD, BETH M. SALES, WAYNE C. SCOTT, JOSEPH B. SEIFERT, KATHI P. SIMS, JOHN R. TRIPP, KEVIN H
These are the winners!
If you are in your early forties to your mid fifties and in management, and lost a lot of your savings in the tech boom, you are in serious trouble. There is so much consolidation going on that there is no where to go.
The company will not replace associates who leave. Your future is uncertain at best. They may ask for another 10 or 15 percent headcount reduction so they can get a better selling price.
If they sell the company off in pieces anyone in the office that supports that part of the business is lost.
Yes upper management did a great job, taking Albertsons, Jewel, Acme, Shaws, Osco and Savon from the giants they once were to nothing more than a fire sale with junk bond status.
Now they get rewarded.
Ya, I had a bad attitude also... and now everyone knows the reason.
Glad you could blow it off and get it off your chest on this ABS message board.
I hope that if and when ABS dies, the sellout contract and the union resources will provide counselling services for the dispossessed, destroyed, and depressed career employees whose lives will be made desolate.
We won't have to worry about our maximum leader and his entourage of underachievers, underperformers who were overpaid for their unearned and undeserved compensation, you can bet there will be golden parachutes packed and ready for them. They will exist disgraced, but well-endowed for their golf-laden retirements in some luxurious gated-community where the sun always shines. Ain't greedy corporate capitalism a wonderous invention!