Hy-Vee vs Fareway - Sunday Commercials
- Thread starter mynameisjonas
- Start date
It’s interesting, because if someone wanted to fire the CEO, they’d never be able to since he’s chairmen of the board. And since he would control the board agenda, he could never get fired.
Employee owned companies are a scam. I worked for one and anyone with half a brain could see right through it. The problem was that after a massive amount of **** pumping about it, most people didn't question it. Our President was Chairman of the Board and majority owener. It's a tax game.
This article is old, but it's the first one that came up and it's as true now as is was then.
https://www.washingtonpost.com/arch...op-hoax/0a7a9063-89ed-41ee-9ffe-6a097d70fadd/
The article is behind a firewall but here is my take. I've only worked for 3 companies in my life. Hy-Vee, A fortune 500 company(public), and a company that started out private and is now a fortune 500 company(public).
Hy-Vee-This was a thousand years ago but from an employee perspective, all this meant to me was that I got some extra money in my 401k and I could also point some of my funds towards that investment, which historically did pretty good. They preached employee owned but really never showed any benefit.
Private to Public-Seems grand at first. Every single year after going public, it gets a little worse for most employees. This was my experience with 1 company so your results may differ. If you care about your company being woke, it's a good thing. If you care about your pension being dissolved, perks for going above and beyond, reduction of benefits, etc. than it kind of sucks.
The kind of thing that happened to Hy-Vee EE's over the last month probably happens a lot more than you think. The big difference is that Hy-Vee has a CEO without a filter, which I find a little unusual for Hy-Vee. Employees of Hy-Vee during the 80's and 90's actually believed in the helpful smile in every aisle. Hy-Vee looked good on your resume and along with Publix was known throughout the retail world as one of the top supermarket chains. That's now pretty much a joke. I could just be pulling this out of my ass but it seems to me they went from an organization where the store managers pretty much decided the fate of the company to now where corporate is 100% in control. Maybe just going through growing pains that large companies go through. I'm sure the first few hundred Wal-Marts ran a lot different than today.
KidSilverhair
Well-Known Member
I‘m guessing a big part of that is the fact that the priority of public corporations is to maximize returns to shareholders. When the prime directive is getting the profits up so those who bought stock can see it go up (and/or rake in higher dividends), how you treat employees takes a back seat to finding ways to cut costs/increase profit margin.
100%. Of course you could say that in the long run their profits may be hurt if theyvare unable to hire a qualified workforce.
KidSilverhair
Well-Known Member
Long run? You mean like the next quarter? That’s as far as all the shareholders can see these days.
One thing about working for a publicly traded company is that you also get a lot of pressure from external sources such as fund managers. I've experienced a couple of times where they will try to put pressure on our company to sell off part of the business or force changes that look good short-term, but would be disaster long-term.
The slate of people is put together by a committee made up of store directors and executive staff members.
Speaking of bad local commercials, who told Bruce Gerleman it was a good idea to do his own commercials? Guy sounds like he has the personality of dry toast.
I've heard plenty about the guy that I'll never again go to one of his establishments. But, yeah, his commercials are terrible too.
I just recently talked to someone that works in IT at Hy-Vee. Lower level management didn't know it was coming and had no say in who was let go. They've been losing staff over the last year(before layoffs) and the ones that are left are looking elsewhere.
EVERYTHING at Jethro's is him, or his. Would love to see the gymnastics required to simultaneously cook and serve all dishes at all locations. The wording of his script is super weird...and a perfect glimpse into who he is as a person.
To second a comment above, yeah I purposely will never eat at a Jethro's for reasons having nothing to do with the food or those who work there. He's not a guy I want getting any of my money.
Hy-Vee to drop up to 500 more corporate-level jobs
West Des Moines-based retailer Hy-Vee said it will ask "up to 500 additional employees" to move from corporate-level jobs to retail positions at its stores.
www.thegazette.com
Hy-Vee to drop up to 500 more corporate-level jobs
West Des Moines-based retailer Hy-Vee said it will ask "up to 500 additional employees" to move from corporate-level jobs to retail positions at its stores.
How does Randy Edeker still have a job? He and his leadership team have absolutely buried Hy-Vee.
