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Market Basket Board Places CEO Arthur T. Demoulas on Paid Leave During Work Stoppage Inquiry

Several of his close aides were also suspended, with the board stating that operations and benefits will proceed without interruption.

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Market Basket
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Overview

  • The board placed Arthur T. Demoulas on paid administrative leave on May 28 while it investigates allegations he plotted a work stoppage.
  • The inquiry centers on claims he planned a walkout in retaliation for resisting the board’s requests for greater oversight.
  • Several other executives, including Demoulas’ children Madeline and Telemachus, were also put on paid leave.
  • Market Basket affirmed that its 90 stores and over 30,000 employees will remain under existing management with no change to benefits.
  • The suspension revives echoes of the 2014 family feud when mass employee walkouts supported Demoulas in a similar power struggle.