I haven't given up. We have so many amazing people in our organization to give up hope and decency this easily. I would like to start a Kickstarter to raise funds for WFM TMs to purchase back stock. Is this an idea that anyone would like to support? I would like to hear your feedback on this idea.
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You would need roughly $180,000 per team member to pull this off.
Why bother? For one thing you would need over $12 billion which is insane. You're better off getting with other TMs and starting a small business of your own. Focus on quality, taste and doing things right for the customer. Even if it's just a small takeout place with awesome food and coffee. And keep it SIMPLE unlike WFM. Here's a tip, locate NEAR existing Whole Foods locations but make sure you have good office/medical center foot traffic both during the day and easy access from multiple transportation sources too. Another reason not to bother with a Kickstarter: A key reason for the huge drop(s) in the stock price has been that as the company has been shopped around to private equity and publicly-traded firms too, you can bet that potential suitors have looked into the operations and the competition (online and bricks-and-mortar) and said, "We think your stock is overvalued." There is no point in trying to raise $12 billion to buy a company that's clearly taking on water. That's why the notion of Publix or Kroger buying the company is absurd. They don't want or need the brand name which is quickly losing cachet and they certainly don't need the 12 regional bureaucracies and the laughable technology and over-the-top high-maintenance stores spread out over the US, Canada and the UK. I'm betting that the next step is a "takeunder" in which the buyer agrees to purchase the company at a big discount just for the brand name and for the key assets. It's a huge repair job, really. Good luck... Either move on or lie low and wait till the whole thing is over. The founders are in their sixties and you know they want out.
$12 billion market cap... Would have to be one hell of a kickstarter
I'm not exactly certain how an employee buyout would sure up executive positions, exclusively?
why would you even consider that. all the executives sell and you want to buy to shore up their postions. dumb. count me out.
I'm in
Buy all the stocks Mackey is selling off. Cause he's going to sell the company
Uh, yeah... Good luck with that.
The dream is over
The purchasing power would be strong if the remaining TMs would get together on this