Market Basket Board suspends CEO Arthur T. Demoulas
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The accusation that the management team . . . is somehow involved in planning a walkout is false,” said Joe Schmidt, director of operations for the Tewksbury-based chain.
Should you boycott Market Basket? Some readers are walking away, others are staying loyal. Read how the controversy is unfolding.
As Market Basket navigates this governance crisis, it underscores the need for family businesses to balance family interests with robust corporate governance to ensure long-term stability and success.