Rite Aid Announces Key Appointments to Strengthen Senior Leadership Team
Both men were previously at Pathmark Stores, Inc., a $4.0 billion regional supermarket chain with a strong pharmacy business, where Standley was Chief Executive Officer and Board Director from 2005 through 2007 ...
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#1 Sep 26, 2008
OK,condemn me for not knowing much of what is going on here. What makes these guys so great? Why did they leave where they were? Seems to me that it is just greedy pig replacement. Here's a deal, pay me half of what one makes and I will do both of their jobs, and I bet you that I would do it better and in half the time with less co. expences.
#2 Sep 27, 2008
thats a good solution. Hire some more over paid morons and let more of the front line workers go. Mary Sammons needs to go. The share holders are getting tired of her excuses. How does she justify her huge salary increase when the stock is plummetting?
#3 Sep 27, 2008
The ones who were replaced did not "leave to pursue other careers". Just a polite way of saying "you're fired". The shareholders need to "fire" Sammons and dump the Eckerds stores along with about 800 other Rite Aid stores that are not producing. Get rid of the Perryman "cash cow" distribution center also. The management there does not have a clue how to be successful. Most of senior ops were order selectors a few years ago. The others are ex military and no background in distribution.
#4 Sep 29, 2008
When your DC gets screwed up, it can kill the co. before it reaches store level.....(I'm sure my ex-DM would argue with me on that one)Stocks went below .80 today and closed I think about .81. Something has got to happen.........
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