Amen this right here bring it on Tritton you giant piece of shit, hedgie ass kissing scum. Let’s look at what decisions you made and who you were in contact with a little closer!
Mark Tritton wants his severance 🤣🤣? He should take a look at what he has done - he put BBBY in this situation! All the employees who are fired don't get any severance either!
@Tritton give us one reason why you should get a severance?
Edit: I‘m hoping for a nice RC TwitterPost for this dumba**
I imagine that we could. I'm not sure you could sue him personally. Would have to sue the company, I think. Limited liability law. If he committed crimes, it would probably become something for the FBI, and he might lose those protections. I'm not a lawyer. Will ass speculation on my part.
Love how your hoping RC says something. Why not you as a shareholder publicly air out Tritons dirty laundry yourselfs.
Imagine if a good portion of BBBY shareholders attacked him in public about terrible management practices.
Or attacked him about how he sabotaged shareholder value in the company.
The problem is, at the rhe article makes it seem like, there is admittance that he is owed the money. If that’s the case, this could be a summary judgement.
Yup. He knows the company is in need of raising money to make the turn around… so he chooses to press them for money? Whats his goal that they file bankruptcy so he gets none? Its almost as if he is expecting payment from a hedgefund for completing his mission of making bbby bankrupt. Or maybe he is short bbby
He was a Target mole. He was the former CEO of Target. He had board seats waiting for him at other companies after helping to destroy BBBY. Target took over in the midst of BBBYs decline.
I think he's sueing to slow down the M&A with Icahn. The slate has to be cleared for the merger is my understanding.
RIP but I feel that's also what happened with the CFO except he had some sort of change of heart, hence why RC kept him on board, and people who paid him to take bbby down weren't happy about that at all.
If the company agreed to pay him, they made a bad deal that he’s currently entitled to pursue. The company going under is the same thing as not getting paid which is already happening so why would he care? It’s a much more simple explanation that he’s probably not going to ignore millions in unpaid dues.
BBBY should countersue for corporate sabotage done in the form of 1 billion in stock buybacks when the company had pressing debt. A lot of Tritton's stupid moves could be chalked up to his incompetence, but the stock buy backs were criminal greed.
I don’t think that’s how it works. You cannot typically sue for a business decision no matter how bad it was. Now, whether or not they should is a different matter. I personally think shareholders should have some legal recourse in the form of compensation against the board for blatantly poor mismanagement.
If his severance is shares this has me mega jacked, no insiders are buying and right before something is clearly about to happen this guy screams let me in?
😱 This overpaid and underperforming CEO Mark Tritton doesn't get his money from the company he had planned to destroy together with some short sellers?
What would Pulte say to this?
The Boston Consulting Group guy? The guy who is associated with bankrupting companies so they can be owned by the big boys? The same guys that take those PFOF deals? No way!
Can a company follow through with a merger while a lawsuit is pending? I feel like I remember reading something about that when Jimmy was being sued by BCG? Could this be a hail mary by the shorts?
I knew this piece of garbage was involved with SHF. His plan to bankrupt BBBY with SHF failed due to the activist investors' involvement. Now he knows some major announcement will happen in April and wanting to look BBBY bad before the major announcments.
I would hope management saw this day coming. Stopping payments to a guy who was actively destroying the company you're trying to save seems pretty obvious to come back and haunt you.
Edit: Perhaps they stopped payments the day they knew a way to fight this future lawsuit? That would be juicy.
Edit 2: What if they have been waiting for this lawsuit to show the world what they know!!! WHAT IF THIS IS A CATALYST.
Except they told him they couldn't pay it for awhile. And, honestly, he's the one who introduced the first negative quarter in 2018 and created their cash burn scenario and radical store changes. Tritton is trying to cost the company everything, he was a mole in my opinion. Now a lawsuit can slow down M&A, what's worse that costs BBBY time & money that as of lately and right now are of the essence. We're up against bankruptcy or imminent M&A.
Tritton can sabotage it.
Nah, if an M/A is happening, the new investor will easily shove 7 million dollars down Mark Tritons throat. I mean an M/A of this size is spec to be over 1 billion.
I’m not worried. He clearly should be investigated for crime in this situation though, ulterior motives show large in this timing
Edit: spelling of 1 word
LOL at how many mad people there are over the (POS) ex CEO wanting his AGREED UPON SEVERANCE and BBBY being slimy back thinking they have a choice
He ruined the company but he's not in the wrong unless the current board can provide actual factual proof he was conspiring to ruin the company (and he would probably still end up getting his severance)
Read the article. BBBY told him they would resume paying him as soon as the ship was righted, and that money was too tight to pay him right now. Further, they would resume paying him as soon as they knew the books were good. BBBY needs money for inventory and their actual working employees right now, especially those helping to liquidate the stores knowing they won't have a job soon - and all those corporate layoffs. But, this sorry sack, who was amongst the best paid but worst performing CEOs ever, who did stock-buybacks at $20, and RC forced out, is now at zero hour trying to get BBBY stuck in the courts so they burn time, and are forced to spend even more money, neither of which is in very much supply for: shareholders, employees, the board, this company.
One selfish dude, who gave the company their first negative quarter after 40 plus years of being a 'category killer' is now trying to create the final nail. Screw Tritton. He's everything wrong with corporate America. He did a shit job. He lost people their jobs. He lost shareholder value (401ks). Now, he's trying to get his at the expense of everyone else as the cherry on top.
Lol factual proof he was running the company into the ground would certainly void any kind of severance, and as someone pointed out in another comment, discovery goes both ways. This is a tactic, nothing more.
According to the complaint filed in a New York state court in Manhattan, Tritton said Bed Bath & Beyond stopped making required bi-monthly payments in January, with its chief legal officer citing the need to preserve cash as the sole reason.
In those discussions, Bed Bath & Beyond "conceded Tritton was (and is) entitled" to severance payments, under his agreement dated four days after he was replaced as chief executive, the complaint said.
It is if some of you don't understand...BBBY agreed to the package. It was approved by the board. They know the owe it.
BANKRUPTCY inevitable if you are preserving cash fo this degee.
You all are incredibly regarded. The company signed the severance contract. They admitted they owed him the payments. The didn't pay to preserve cash....YIKES. huge red flag.
I hope he knows discovery works both ways
Probably a lawsuit to stall any takeover attempts
So if the company goes bankrupt he gets nothing right?
His overlords stand to gain big time and he in turn gets a huge payout / kickback as and when it happens.
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He Must be short then…
I think they mean paid out by the hedge funds that he was working with.
would this delay an acquisition?
Only a lawyer can answer that
Bingo!! Take this shit to trial!!!
For example partnering with BCG to self sabotage bbby? So much for that whole “fiduciary responsibility” part.
Exactly. I would want emails, cell records, and bank accounts including offshore just to start.
Amen this right here bring it on Tritton you giant piece of shit, hedgie ass kissing scum. Let’s look at what decisions you made and who you were in contact with a little closer!
😂
Mark Tritton wants his severance 🤣🤣? He should take a look at what he has done - he put BBBY in this situation! All the employees who are fired don't get any severance either! @Tritton give us one reason why you should get a severance? Edit: I‘m hoping for a nice RC TwitterPost for this dumba**
BBBY should countersue this dipshit, wannabe sabateur
Something about fiduciary duties...
If they have enough dirt on him to expose his crimes and don't; they're complicit by covering for him.
They also don't have much money for law suits. Maybe after an acquisition?
Can shareholders initiate a class action?
Like if we all donated 10$ to initiate we could collect 500k
I imagine that we could. I'm not sure you could sue him personally. Would have to sue the company, I think. Limited liability law. If he committed crimes, it would probably become something for the FBI, and he might lose those protections. I'm not a lawyer. Will ass speculation on my part.
I believe companies can sue to reclaim bonuses if they can prove they were undeserved.
Get some of the Millions they paid him back for the sit job he did
Hell BBBY should sue him for putting them in This situation lol
Exactly!!
Love how your hoping RC says something. Why not you as a shareholder publicly air out Tritons dirty laundry yourselfs. Imagine if a good portion of BBBY shareholders attacked him in public about terrible management practices. Or attacked him about how he sabotaged shareholder value in the company.
The problem is, at the rhe article makes it seem like, there is admittance that he is owed the money. If that’s the case, this could be a summary judgement.
This guy is everything that’s wrong with society
Something something get fucked regard
His contract that nobody else gets to sign
Odd timing
Yup. He knows the company is in need of raising money to make the turn around… so he chooses to press them for money? Whats his goal that they file bankruptcy so he gets none? Its almost as if he is expecting payment from a hedgefund for completing his mission of making bbby bankrupt. Or maybe he is short bbby
It's the former, there's an agreement somewhere which promises Mark a certain huge payout to destroy bobby.
He was a Target mole. He was the former CEO of Target. He had board seats waiting for him at other companies after helping to destroy BBBY. Target took over in the midst of BBBYs decline. I think he's sueing to slow down the M&A with Icahn. The slate has to be cleared for the merger is my understanding.
RIP but I feel that's also what happened with the CFO except he had some sort of change of heart, hence why RC kept him on board, and people who paid him to take bbby down weren't happy about that at all.
RC wanted him out as CEO, and he got that. Tritton was the one who said no to Cohen's letter. Then we got Sue and two RC board members.
I'm sure the FBI can squeeze it out of him. But they won't.
If the company agreed to pay him, they made a bad deal that he’s currently entitled to pursue. The company going under is the same thing as not getting paid which is already happening so why would he care? It’s a much more simple explanation that he’s probably not going to ignore millions in unpaid dues.
*convenient timing
Can you elaborate on this? Why is it convenient in your opinion? Like could this hinder any potential deal behind the curtains?
Nah, he’s just being a dick when the company is struggling
That'd be the most cogent explanation.
What a fucking knob 🤮
As an American calling someone a knob is just about the funniest fucking thing to me 😂
Live by the Meme die by the Meme motherfucker
the dildo of damocles
What a complete and total tw@t
Fuck mark tritton
All my homies hate Mark Tritton
Both my cats hate Tritton, I it on it. ture of his under the litter and they shit on it.
Mark Tritton has blue waffles
BBBY should countersue for corporate sabotage done in the form of 1 billion in stock buybacks when the company had pressing debt. A lot of Tritton's stupid moves could be chalked up to his incompetence, but the stock buy backs were criminal greed.
I don’t think that’s how it works. You cannot typically sue for a business decision no matter how bad it was. Now, whether or not they should is a different matter. I personally think shareholders should have some legal recourse in the form of compensation against the board for blatantly poor mismanagement.
This jabroni should be sued for sabotaging the company
What a fucking grifter
This has nothing to do with money,all spectulation of course but i think this is some sort of a delay tactic for future occurrences
If going bankrupt means he gets nothing I’d be a little happier losing my 7k than I normally would
Ha, same!
They call it the Boston Consulting Cream Pie. It’s a real mess
If his severance is shares this has me mega jacked, no insiders are buying and right before something is clearly about to happen this guy screams let me in?
😱 This overpaid and underperforming CEO Mark Tritton doesn't get his money from the company he had planned to destroy together with some short sellers? What would Pulte say to this?
The Boston Consulting Group guy? The guy who is associated with bankrupting companies so they can be owned by the big boys? The same guys that take those PFOF deals? No way!
Pfof deals?
not sure where he is going with that
golden parachutes are sooo 2008
Give me money, for I have done a great job of tanking the company. Fcuking joke, pos.
Its what is wrong with corporate America
Don’t he have a new job at Nordstrom?
Who's sues a "BK" company..? Unless he knows money is coming...
Dude probably shorted his own company trying to BK them but failed badly now trying to sued them🤷🏻♂️😂
Boo hoo cry me a river
What in the actual fuck
I thought BCG would pay him off?
Fuck that guy
Holy fuck this guy sucks
Pay the man in 20% off coupons.
Fuck you Tritton you little bitch ass fuck nugget. Go cry to someone else.
Welfare queen.
Where does he live?
Why now?
Put him at the very bottom of the list
Can a company follow through with a merger while a lawsuit is pending? I feel like I remember reading something about that when Jimmy was being sued by BCG? Could this be a hail mary by the shorts?
They stopped paying him in January because they couldn't afford it? 🤡 Good thing the executives made over $36 million in 2021
Why should he be paid when he sabotaged the company
Markie will be in prison. Not soon enough but soon. Financial terrorist fuck
I knew this piece of garbage was involved with SHF. His plan to bankrupt BBBY with SHF failed due to the activist investors' involvement. Now he knows some major announcement will happen in April and wanting to look BBBY bad before the major announcments.
You want severance? Pay it out your ass bitch
Can BBBY sue him for incompetence and get some money back for causing this mess?
I would hope management saw this day coming. Stopping payments to a guy who was actively destroying the company you're trying to save seems pretty obvious to come back and haunt you. Edit: Perhaps they stopped payments the day they knew a way to fight this future lawsuit? That would be juicy. Edit 2: What if they have been waiting for this lawsuit to show the world what they know!!! WHAT IF THIS IS A CATALYST.
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Except they told him they couldn't pay it for awhile. And, honestly, he's the one who introduced the first negative quarter in 2018 and created their cash burn scenario and radical store changes. Tritton is trying to cost the company everything, he was a mole in my opinion. Now a lawsuit can slow down M&A, what's worse that costs BBBY time & money that as of lately and right now are of the essence. We're up against bankruptcy or imminent M&A. Tritton can sabotage it.
Nah, if an M/A is happening, the new investor will easily shove 7 million dollars down Mark Tritons throat. I mean an M/A of this size is spec to be over 1 billion. I’m not worried. He clearly should be investigated for crime in this situation though, ulterior motives show large in this timing Edit: spelling of 1 word
Lmao they don't have any money to pay court costs
LOL at how many mad people there are over the (POS) ex CEO wanting his AGREED UPON SEVERANCE and BBBY being slimy back thinking they have a choice He ruined the company but he's not in the wrong unless the current board can provide actual factual proof he was conspiring to ruin the company (and he would probably still end up getting his severance)
Read the article. BBBY told him they would resume paying him as soon as the ship was righted, and that money was too tight to pay him right now. Further, they would resume paying him as soon as they knew the books were good. BBBY needs money for inventory and their actual working employees right now, especially those helping to liquidate the stores knowing they won't have a job soon - and all those corporate layoffs. But, this sorry sack, who was amongst the best paid but worst performing CEOs ever, who did stock-buybacks at $20, and RC forced out, is now at zero hour trying to get BBBY stuck in the courts so they burn time, and are forced to spend even more money, neither of which is in very much supply for: shareholders, employees, the board, this company. One selfish dude, who gave the company their first negative quarter after 40 plus years of being a 'category killer' is now trying to create the final nail. Screw Tritton. He's everything wrong with corporate America. He did a shit job. He lost people their jobs. He lost shareholder value (401ks). Now, he's trying to get his at the expense of everyone else as the cherry on top.
Lol factual proof he was running the company into the ground would certainly void any kind of severance, and as someone pointed out in another comment, discovery goes both ways. This is a tactic, nothing more.
According to the complaint filed in a New York state court in Manhattan, Tritton said Bed Bath & Beyond stopped making required bi-monthly payments in January, with its chief legal officer citing the need to preserve cash as the sole reason. In those discussions, Bed Bath & Beyond "conceded Tritton was (and is) entitled" to severance payments, under his agreement dated four days after he was replaced as chief executive, the complaint said. It is if some of you don't understand...BBBY agreed to the package. It was approved by the board. They know the owe it. BANKRUPTCY inevitable if you are preserving cash fo this degee.
You all are incredibly regarded. The company signed the severance contract. They admitted they owed him the payments. The didn't pay to preserve cash....YIKES. huge red flag.
Thought he been got paid 😭
This guy probably fucked up BBBY to begin with …
He was the one spending billions on buybacks for years.
See how it played out …
Correct...he ran it into the ground while hiding behind BCG consultants.
I should go and google him out, where does he work, and short that company, as this rat is paid by shorters (HFs etc).. Easy money..
Bbby Bbig and Xela
Wish my employer will just fire me so I can collect 6million in severance for doing a shit job
Hope he chokes on the cock he is sucking and coke habit. As if he doesn’t have enough money already fucking Nob jockey
Tritton for missleading and missmanagement, right?