Overview
- The board placed Arthur T. Demoulas and his children, Madeline and Telemachus, on paid administrative leave pending an investigation into allegations of planning a disruptive work stoppage.
- The executive committee says it uncovered credible evidence that the proposed walkout was meant to retaliate against demands for greater operational oversight and succession planning.
- Demoulas’s spokesperson described the investigation as a “farcical cover for a hostile takeover,” accusing board members aligned with his sisters of orchestrating the move.
- Market Basket’s existing management team will oversee the chain’s 90 New England stores and 30,000 employees while the executive review continues.
- Many long-time shoppers say they stand ready to boycott the chain in support of Demoulas, evoking the large-scale protests that ended the 2014 family feud.