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The Market Basket CEO crisis has been 108 years in the making File photo of Market Basket's longtime chief executive, Arthur T. Demoulas from 2014.
On July 18, 2014, Market Basket employees protested at the company’s headquarters and staged walkouts after Arthur T. Demoulas’s cousin, Arthur S. Demoulas, fired Arthur T. Demoulas.
Two Market Basket executives who have been placed on leave denied accusations from the board that CEO Arthur T. Demoulas was trying to "hijack" the company.
Two longtime Market Basket executives who were placed on paid administrative leave by the grocery chain’s board of directors alongside CEO Arthur T. Demoulas called the board’s allegations ...
Who owns Market Basket? Arthur T. Demoulas is the CEO of Market Basket, but he owns just 28-percent of the company. His three sisters each have a 20-percent share, for a total of 60-percent.
Born in 1955, Arthur Telemachus Demoulas spent his youth working at his family business – the Market Basket chain of supermarkets that are popular throughout New England.
Market Basket's board says it has placed CEO Arthur T. Demoulas on leave, citing allegations that he was planning a work stoppage among employees at the family-controlled supermarket chain. One of the ...
A Market Basket board member revealed information on his time with the company after the beloved grocery chain's Board of Directors placed its CEO, Arthur T. Demoulas, on paid administrative leave.
Market Basket operates 90 locations across Maine, New Hampshire, Massachusetts and Rhode Island, promising shoppers "more for your dollar." (Editor's note: this story was updated at 4:45pm Thursday.) ...
The Market Basket board placed its chief executive and five other employees on paid administrative leave Wednesday, amid the latest family battle for control at the popular grocery chain.