FOOD.... the commodity that "every living human being needs":
When we see things like this close, we are witnessing the "Madness that is taught in our University System of Greed By Any Means".
This is in part a result of people in the capacity as CEO, who NEVER BUILT ANYTHING, they simply come in, expect outrageous pay and % of company shares, yet, they are nothing more than an "Employee". They have no vested interest, therefore they can never respect the company in the ways the "original creators of the business respects it". Either they become predatory, and try to 'gobble up every other business", or "they over leverage the business by over expansion and over stocking", and they FAIL to invest capital into the business to keep it modernized and with sufficient market and product agreement. The people who suffer, becomes the cities, county's and the citizens of the communities and the employees who actually do the work.
We've seen it 10's of thousands of times, in every industry. Until there is Public Out Cry, we will see nothing but a continual erosion of every type and kind of business in America.
Over the many years, the land and facility should have been fully owned and the executive pay, compensation and perks should have been capped.
This is the result of successful business, making the mistake of going public, and resulting to later meeting bankruptcy and have to "sell themselves" to large organizations.
((The company was traded under the symbol "WINN" on the NASDAQ before its purchase. The bankruptcy left the chain with fewer stores than it had in the late 1960s. On December 19, 2011, BI-LO, another Southeastern supermarket chain, announced plans to purchase Winn-Dixie.
America must develop the means to "Respect Legacy Business".
A financial analysis said only yesterday, concerning the Theranos, Inc. mess, medical blood testing, that the "Boards are Incompetent". They function of Executive Group think, these people are not actually on the ground looking at business, they are paying attention to what "brokers and traders are doing"... and we all know, brokers and traders, are "buck spinners" waiting on a commission, and not much else matters to them.
This has been the cycle since the publicity of CEO became the popular term, because the CEO has duty to stock holder !!! Long ago, where the highest officer was a Company President, that company President had to PAY ATTENTION TO ACTUAL PRODUCTION AND SALES, They had to carefully consider expansions and inventory, among other elements that actually make a company successful.
Public traded companies, over expand, over stock an borrow against "stock ticker fiction". They go from reality of 100% for a dollar in figures, to seeking 1000% to 3000% for a dollar. Based on stock trading fiction based on xxxx% above actual performance. Product quality falls, pricing is overly exaggerated for inferior quality of goods, facilities suffer, employees are laid off and eventually the cycles that continues to lead to failure, becomes the 'standard model". The wealthy profit, and cities, communities and citizens and workers suffer.
No company should be allowed to place more than 35-40% of its value in the stock market. Then, delusion of stock holders breaking records every quarter would not be the goal or aim.
People forget, the stock market was Created for LONG TERM Investors, not quick buck spin artist, Quarterly reporting was to assure the Stock Holder, that their invest was sound based on a LONG TERM strategy and operation.
We should have learned these elements long ago after the many "market crashes" that have destroyed so many businesses and damages so many communities and people in the gaming that brought them to demise.
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