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Inside sources tell MNB that Supervalu employees received a letter this week from upper management saying that effective next Wednesday, employees will no longer be able to purchase shares in the company through the payroll investment plan “due to low participation and high administration costs.”
KC's View:
The question raised by sources - and it is a legitimate one - is whether this suggests a certain lack of faith in the company not just in the rank and file, but also among those in upper management. After all, if they had faith in the future of the company, wouldn’t they be urging - rather than discouraging - investment?