Quote:
Originally Posted by The Phantom Gourmand
Rusty, how many more times are you going to insert your foot in your mouth? Give it up. ATD and company have prevailed. You are taking that quote out of context, an agreement has been reached to sell the 50.5% to ATD. This is confirmed by many sources, not just one.
I congratulate the management and associates for sticking their necks out for a cause they so deeply believed in. This will certainly go down in business books as more than a footnote in labor/management relations textbooks. I wish other companies would value their stakeholders over their shareholders just as ATD does. In the end, it seems like this is what separates a good company from a great one. There are very important lessons to be learned because of this, I hope other companies are paying attention.
I don't think it will take as long as most people think to get this business back to normal. Associates who put their necks on the line will now most certainly bust their @sses to right this nearly sunken ship.
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I think you are missing the point. Arthur T doesn't value the stakeholders' interests over those of the shareholders. Rather, his approach is to treat the stakeholders (employees, customers and vendors) extermely well to maximize shareholder value. Labor, capital and customers benefit handsomely from Arthur T's approach. He has proven the pie can be expanded to benefit all stakeholders if everyone is treated with respect and honesty. Arthur S will never understand these basic concepts.