Bain Capital

Guitar Center Employees Represent!

ABOUT three months ago I wrote a post on Guitar Center and how their business model and the way they treat their employees sucks. I mentioned that the company had been bought by Bain Capital who are known for their aggressive corporate tactics. Bain Capital, as you may recall, was a topic of some intense conversation in the last big election because Mitt Rommey was/is/will be/might be associated with the company.

Now The Guitar Center Employees of New York City and others throughout the company are trying to UNITE for better pay and working conditions. They have a petition and a statement of intent HERE that looks like it might be taking off. Very Interesting…

GUITAR CENTER ≠ GUITAR HERO

I just found, thanks to a friend on Facebook, an interesting article on GUITAR CENTER, written by a fellow WordPress Blogger. Although it’s a month old and is written from a drummer’s point of view, I think guitarists will be interested and maybe can relate. It confirms what I’ve heard from other sources over the years. WordPress has a REPOST feature that allows bloggers to publish another blogger’s efforts basically as is, but I don’t dig that concept very much (even though people have done it to me), so just follow the link below.

why i won’t be working at guitar center

The author provides a personal account of his experiences with of some of Guitar Center’s business practices. Guitar Center is a company that started from very humble beginnings back in 1959, but is now the largest musical instrument chain in the world. They also own Musicians Friend and Harmony Central, among others. So they are now basically the WALMART of musical instruments. Awesome. Also they have connections to Bain Capital and Goldman Sachs (never a good sign) —

“On June 27, 2007, Guitar Center agreed to $1.9 billion buyout from Bain Capital, totaling $2.1 billion including debt. The deal was led by Goldman Sachs and amounted to a per-share price of $63, or a 26% premium on the June 26 closing price. The deal was approved by shareholders on September 18, 2007, and closed October 9, 2007

http://online.wsj.com/article/SB118294460997949913.html?mod=googlenews_wsj

I realize that most people don’t want to think about stuff like this when they need a set of strings for a gig or a new phase shifter for the space rock song they just wrote. I’m also totally aware that there are plenty of good people who work at Guitar Center, while some independent stores are staffed by complete schmucks. But I can’t say GC is a place I go to on a regular basis because…well, it sucks. I tried…I did make an effort, but it’s not my idea of a positive business or shopping experience.