Sleepy's and CEO David Acker Stand Singularly At the Bottom of the Pile When It Comes to Corporate Citizenship

Author: Jason Rodgers on November 10, 2010

Sleepy's Inc. is a disastrous company committed only to making things wrong for everyone around them.

Led by CEO David Acker, their corporate strategy consists of convincing the major mattress manufacturers to produce an inferior product under a different brand name which they then claim is equivalent to the product sold with a different name, enabling them to realize extraordinary profits while misleading customers and screwing suppliers.

Their employment strategy consists of making employees independent contractors so that they don't need to pay market costs.  They then tell employees - from those answering the phone to those delivering mattresses - that they will be replaced by people from China if they don't accept their below-market terms.

And, when something goes wrong, they blame their so-called "independent contractors", saying that their employees were not to blame.  I had a friend whose parked car was damaged by a Sleepy's truck.  Even though it was captured on a security camera, the company denied responsibility and then stonewalled, refusing to take necesssary steps to identify the driver who they claimed was an independent contractor.  When Sleepy's finally identified a driver, it wasn't the correct one.  Nevertheless, the company's management including their CEO David Acker felt that they were absolved of any blame because they had turned over the name of an independent contractor.  They then encouraged my friend to bring criminal charges against their driver rather than admit liability and turn the case over to their own insurance carrier.

This company wouldn't exist as a public company.  But as long as they are permitted to do business the way that they do, people are advised to avoid doing business with them.

BP caused a lot of damage, but at least they have tried to make those damaged whole.  And, they never held their own employees out to dry the way Sleepy's does.

Jason Rodgers
Jason Rodgers: Jason Rodgers was an experienced research analyst for a major bank prior to retiring to run his own investment consultancy in beautiful Lihue, Hawaii. Jason contributed articles to BestCashCow from 2008 to 2014.

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