This Is A Call To Any Union That Will Represent These People.
It is time to call in the union. Enough is enough. As anyone can plainly see, these women and men who manage the stores for Tuesday Morning need help. There has been something in the works behind the scenes since I started this blog last year and it has had enough time to bring down the hammer. It has to happen now because TM has been reading this blog and countering anything discussed. There had been a lot of mention about Larry, so now he's gone, but the arrogant executives of Tuesday Morning are not really talented people. They are overachievers with no real idea of how to correct problems. Their agenda is to make money for their pocket and the investors. It is becoming well known in the retail world that this company is not good to work for and I imagine if the turnover rate for store level employees were known it would make those same top officers run for cover. And I hope you all reading here are not offended but this fight goes way beyond Tuesday Morning, although they will be the first casualty, or at least as it is structured now.
Look, I know people have to eat, and have a roof, and good healthcare, but the way business corporations are evolving, they have run out of ways to expand the bottom line without resorting to illegal and/or unethical practices. Illegal would be telling an officer of the company to fire that woman, I don't like her. Out and out discrimination because it was "that woman", a protected class. Unethical is when you have a distribution system in place that causes injuries because the system is not designed for the heavy product shipped causing these employees to strain and injure shoulders, backs, or just plain become worn out because corporate does not care.
So, let's recap here. Madison-Dearborn is looking the other way and letting Tuesday Morning Corp do whatever it wants with the assumption that nothing will come back to haunt the investors. Tuesday Morning Corp, with it's chauvanist, over-egoed top dog, is gaining that investor confidence by cutting payroll so low (I had 10% of sales for payroll in my 6400 sq. ft. shoes store) , around 3% of sales, but this in turn causes morale in the stores to get so low that the store managers are getting desperate, leaving Tuesday Morning open to union organizers. On top of that is the Workmans Comp trip. It would be very interesting to see if anyone could figure out when this type of behavior first surfaced at Tuesday Morning. I'll bet we wouldn't be surprised that it began when the Mason-Marchetti team came to town. All the managers were commenting that a woman in charge is what was needed. Boy were they wrong! She is just a figure head that has her name all over the place. Director of this, chairperson of that, on the board of that company over there. She has no time to run a company so she has her lacky (Mr. Ego) doing the dirty work in the name of the investors. Nice and neat. The scary part is people like this rotate around in the retail world stagnating true innovation. Business as usual. And if you go back and read the entire two blogs from the beginning, I've been saying this in one way or another since the beginning.
Now, if all six-hundred stores (minus the few who like this crap) wrote a letter describing the conditions in their stores and any negative dealings with TM Corp, and mail it to Madison Dearborn Partners, LLC Three First National Plaza Suite 3800 Chicago, Illinois 60602 USA , things would change. It's either that, join the class action lawsuit, or ask for union representation. The union is interested in this problem but they have to be invited in. I had spoken to a representive of the AFL-CIO while I was working at TM but at that time there was not all this public knowledge about this corporation. They would come in gladly now but must be invited by the employees it will represent. Just another thing to think about.
3 Comments:
FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
HUNCKLER WILLIAM J III 2. Issuer Name and Ticker or Trading Symbol
TUESDAY MORNING CORP/DE [ TUES ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
6250 LBJ FREEWAY 3. Date of Earliest Transaction (MM/DD/YYYY)
12/31/2003
(Street)
DALLAS, TX 75240
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/31/2003 J 14588526 D $0.0 0 I See Footnote (1)
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
( 1) All of the shares indicated are held of record by Madison Dearborn Capital Partners II, L.P. On December 31, 2003, Mr. Hunckler resigned as a managing director of Madison Dearborn Partners, Inc., the general partner of Madison Dearborn Partners II, L.P., which in turn is the general partner of Madison Dearborn Capital Partners II, L.P.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HUNCKLER WILLIAM J III
6250 LBJ FREEWAY
DALLAS, TX 75240 X
Signatures
/s/ William J. Hunckler III 3/31/2005
** Signature of Reporting Person Date
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Re: Are we getting bought out ?
by: snoopdd1933 (39/M/Ashtabula, OH) 04/05/05 01:59 pm
Msg: 818 of 819
Rumors are rampant that Tuesday Morning is "in play"...Anyone got details to support the speculation ?
Wow! is there something going on that we are not aware of?
Re: Are we getting bought out ?
by: ardbruin 04/05/05 08:16 pm
Msg: 819 of 819
I seriously doubt that rumors are "rampant" that Tuesday Morning is in play. If such rumors were being taken seriously, you would have seen a significant spike in the stock price and volume. To the contrary,the price trend has been neutral to negative and volume has been low.
Ed,
What's up with the Union, news? Are we going to organize or what? We are waiting on the sidelines ready.
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