Market Basket board shakes up executive ranks amid leadership fight
EASTERN NEW ENGLAND, JUL 22 – Market Basket's board fired two executives amid allegations they planned a work stoppage to protect CEO Arthur T. Demoulas, triggering a family feud over company control.
- In 2014, Market Basket's board controlled by Arthur S. Demoulas fired CEO Arthur T. Demoulas, triggering strikes and boycotts at stores in Maine and beyond.
- The firing followed intense family disputes over succession and control, with the board accusing Arthur T. Demoulas and executives of planning a work stoppage to resist changes.
- Operations director Joseph Schmidt and grocery supervisor Tom Gordon were fired for allegedly encouraging disruptions, though they denied strike planning and condemned the board's claims as a coup.
- Schmidt stated, "I THINK IT'S A COUP. I THINK IT HAS BEEN FROM DAY ONE," while customers and employees said they supported the low-price culture Demoulas protected.
- The conflict cost the company millions, and the ongoing investigation into work stoppage plans highlights continuing leadership instability and family power struggles.
17 Articles
17 Articles
Market Basket fires two suspended executives
TEWKSBURY, Mass. (WPRI) — Market Basket’s Board of Directors has fired two top executives loyal to suspended CEO Arthur T. Demoulas. The board is accusing Director of Operations Joe Schimdt and Grocery Director Tom Gordon of "insubordination, making false and derogatory remarks about Market Basket and inappropriate communications with colleagues." Schmidt and Gordon were among the executives placed on paid administrative leave back in May alongs…
Market Basket CEO blasts company’s board members over firing of long-time execs
The firing of two long-time Market Basket executives by the company’s board of directors on Tuesday was "among the worst decisions that could be made," the grocery store chain’s CEO said in a statement Tuesday evening. Earlier in the day, Board Member Steven Collins called the Tewksbury-based company’s operations manager, Joe Schmidt, and grocery supervisor, Tom Gordon, to inform them of the board’s decision to remove them from their positions, …
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium