Market Basket CEO Placed on Leave Amid New Allegations
- On May 28, 2025, Market Basket's board of directors placed CEO Arthur T. Demoulas on paid administrative leave at the company's New England headquarters.
- This action followed about a year of disputes with the board, which cited credible allegations that Demoulas planned to disrupt company operations.
- Demoulas, who had led protests and regained control in 2014 after a family feud, and several other employees were placed on leave pending an investigation.
- A board memo announced that an investigation will take place to examine credible claims against the CEO, while emphasizing that employee positions and benefits will remain unchanged.
- The board emphasized this step aims to protect Market Basket's local community role and culture, while Demoulas's spokesperson called the probe a "farcical cover for a hostile takeover.
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Market Basket Faces Customer Backlash Over Service and Pricing Concerns – Knowhere News
Market Basket, a well-known grocery chain, has been facing mixed reactions from customers recently. Many people are asking if they should boycott the stores because of ongoing issues. Here’s a simple look at what shoppers are saying and why the controversy is happening. Over the past few weeks, Market Basket has seen a wave of complaints from customers. Some say that the service has become worse, while others mention rising prices and fewer prod…
Market Basket CEO is put on leave in new spat at family-controlled supermarket chain
The board alleges that CEO Arthur T. Demoulas has been planning a work stoppage at the Massachusetts-based retailer. It also says he has "resisted an appropriate succession plan for Market Basket."
·Washington, United States
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Leaning Left6Leaning Right1Center13Last UpdatedBias Distribution65% Center
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65% Center
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C 65%
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