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Monday, August 25, 2014

Market Basket move is a plunder

Letter to the Editor

The very next thing that happened at Market Basket after Arthur T. Demoulas was fired was the evaporation of some $300 million from the $500 million or so in the capital fund. If you think that a public relations strategy of any kind could have “rose-colored” this unabashedly greedy profit plundering then you must think the employees and customers are particularly gullible. That action exposed the takeover for what it was – an exercise of corporate greed and corporate ignorance. The much touted (by Republicans) “job creators” are in the process of trying to make off with the profits with no concern for their employees or customers.

Joseph Peitz ...

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The very next thing that happened at Market Basket after Arthur T. Demoulas was fired was the evaporation of some $300 million from the $500 million or so in the capital fund. If you think that a public relations strategy of any kind could have “rose-colored” this unabashedly greedy profit plundering then you must think the employees and customers are particularly gullible. That action exposed the takeover for what it was – an exercise of corporate greed and corporate ignorance. The much touted (by Republicans) “job creators” are in the process of trying to make off with the profits with no concern for their employees or customers.

Joseph Peitz

Nashua