It's a family owned grocery chain in New England. Over the summer the board ousted employee-friendly CEO Arthur T. DeMoulas. Employees walked off the job, there were protests, consumers stopped shopping there this passed summer.
Looks like it's been resolved and Arthur T. is back in charge.
http://www.forbes.com/sites/hollies...-settle-family-score-with-market-basket-deal/
Looks like it's been resolved and Arthur T. is back in charge.
http://www.forbes.com/sites/hollies...-settle-family-score-with-market-basket-deal/
The two Arthurs are named after their grandfather, a Greek immigrant who started the family business as a small shop selling lamb and vegetables from their farm in Dracut, MA. Arthur T.’s mantra ‘we’re in the people business first and the grocery business second’ earned him a fervent loyalty. The company’s generous pension plan means many retire with a nest egg of over $1 million, alongside above market wages and regular bonuses. Meanwhile, cousin Arthur S. and his sisters are seen as motivated only by a desire for bigger and bigger cash dividends, the latest of which was a $300 million dividend paid out as soon as their side of the family gained control of the board last summer.