Allow me to clearify... I have no real proof, but these are the facts.
Our new CEO has only been with this company a relatively short time. Before that he was head of Albertsons. When he was hired there, his first action was to switch their company's distributor to SuperValue. No more than two years later Albertsons when bankrupt and had to sell. And you know who bought them out...? Supervalue.
Hired on at our company and the first thing he did... change distributors to Supervalue. Since switching, our company, numbering 45 stores altogether, went from making profit to losing, supposedly. The month before he took over as CEO, we got a profit-share bonus, the amount depended on how many hours you worked and how much you made per hour ( which we normally got once a year as well as our Christmas bonus). A month after, all bonuses were cancelled, and pay was cut to make up for "A major loss in funds" which took place because of the law suit with our old distributor for breaking their contract.
The new distributor... since changing, our store alone has about 20% loss due to damaged and outdated product. Another 10% due to costumors that no longer come to our store because of the difference in product and increased cost. Though the CEO keeps telling us that is normal, we only had about 5% lose with the other distributor, and most of that was with stuff that just didn't sell. SV sends us stuff that only has a month to go before it is outdate.
NO, I have no proof that the new CEO is getting paid by the new distributor, but it sure seems odd that he would cause this company to fight in court just to change over to a distributor that closed the last company he was with. What gets me most is that the upper executives in this company just don't see it.
Another thing he did was to buy up property around each of the stores. Ours is in a small shopping mall, the company had bought a quarter of the mall for 3 million, then the new CEO had them buy the rest for another 5 mil. Now... he is claiming the company is still losing money, and can't tell why.
The whole mall is again up for sale.... for 4.5 million. And this is within a year of him buying the other part.
No there is no real proof that he is doing it just to ruin the company so SV can buy them out, but it sure seems odd to me.
On a better note...
Looks like we all need to go to Oregon/Washington for a new reason...
Just to come home and THEN tell Pup we were there.
And I could just see you doing it. Come all the way to Bandon, taking pictures even, and tell me all about it... after you got home.
Shortstuff..? Did you two drive down, or fly?