I'm the id--t who wrote a better HR phone app since the current one given to us by the geniuses at the corporate office, well, kind of s---s. With that, I don't expect you, nor any else to know the following...
Albertsons, along with every other corporate giant, usually spends around 80% of their budget to maintain existing legacy systems. And trying to convince a CEO to spend more on upgrading the systems normally doesn't work because the CEO is more concerned with surviving the quarter so that they can keep their job. What also doesn't help is that most of the analysts are obsessed with the revenue side. What this means is the CEO has to cut costs in order to preserve that side of the balance sheet.
Now for the other half. A lot the backend Albertsons software uses Oracle. And Oracle is basically pushing their customers to use the cloud. This is usually done by having the Sales people at Oracle threaten to do an audit if a firm doesn't upgrade their software. And I'm suspecting Albertsons also got the gun pointed at them. This is because when I was writing the Albertsons app, I noticed that part of their second tier software uses a software framework that is meant for the cloud.
So now, do you want to hear something really disturbing? Why yes, yes you do. And no, I'm not going to talk about the tr----s that like to clear out the pantyhose and Vaseline in the GM section of our store either. Because we need to keep this kid friendly.
Buried deep within the 10Q SEC financial statements that Albertsons is forced to make public is a funny legalese section that talks about how this firm rents property in various shopping plazas. Basically they sell the property and then lease it back. For anyone who has taking finance 101 for People who like to take it up the Butt from the Management at Harvard, the reasons this is done is so that Albertsons can put this as a fixed assets on their balance sheet. So what does this mean? Even if everyone gets screwed by poor sales, Cerebus will still make money. Primera, if I wouldn't know better, this sounds like a play from the Sears Playbook.
OMFG, are we going to be the next Enron?
God d-mn it, quit laughing and give me some help because I can't buy beer on my EBT card.