Ive been to Market Basket in Chelsea a countless number of times in my life and never knew anything about its corporate structure (or size) until the company made national news recently. Its sad to see retailers like these which function not only perfectly fine, but much better than larger competitors, have to fight to maintain normalcy. This article isnt lying, though; prices at Market Basket are dirt cheap. Market Baskets formula proves that executives and managers and cashiers can all profit, together. Employees get the benefits of a 15 percent profit sharing plan provided by Market Basket, while the groceries the store sells are less expensive, on average, than Walmarts. As for the register: Market Basket rang in $4.6 billion in revenue last year, and is the 127th biggest privately owned company in America. ...and it proves that none of this matters in the American economy if those at the top arent getting more than enough. Executive pay is the only beast Americas brand of the free market is designed to feed in 2014. CEOs made 331 times what an average worker made in 2013, and its clear that there will be no exceptions.
Posted on: Wed, 30 Jul 2014 22:21:40 +0000
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