Particle.news

Download on the App Store

Market Basket Board Puts CEO on Paid Leave in Probe of Possible Walkout

The board’s executive committee is investigating if Demoulas sought to orchestrate a work stoppage in retaliation for increased oversight

Image
Market Basket
Image
Image

Overview

  • Arthur T. Demoulas and several senior employees were placed on paid administrative leave as the board examines alleged walkout plans
  • Investigators are focusing on whether the CEO planned a work stoppage to push back against recent demands for greater board involvement
  • Frictions have built over more than a year amid board requests for access to key managers and succession planning details
  • The situation echoes the 2014 family feud that triggered a six-week worker walkout and ended with a $1.6 billion family buyout
  • Market Basket says its current management team will keep stores running and that no employee jobs or benefits are at risk