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bar1080

12/28/16 10:15 PM

#957 RE: LouisDesyjr #955

Fortune Magazine March 16, 1998:

"Why have thousands of franchisees signed an agreement as onerous as Subway's? Can't they read? In many cases, maybe they can't. "I think a lot of these people are incapable of reading these documents," says Subway executive Alexander Dembski, who designs the two-week training sessions at headquarters for new franchisees. Dembski estimates that 30% to 50% of franchisees are immigrants. Fifteen years ago he proposed proficiency tests in math and English to screen these applicants, but his idea was rejected. DeLuca finally agreed last March, only to discover that 35% of the trainees were failing the new tests.

http://archive.fortune.com/magazines/fortune/fortune_archive/1998/03/16/239302/index.htm

bar1080

12/29/16 1:57 PM

#965 RE: LouisDesyjr #955

Just noticed how Penney's shares have also collapsed in the past few weeks. From 10.5 to about 8.50! No one's going to be looking to save Sears.

I know enough about retailing to stay a mile away from the stocks.