2 Market Basket executives speak out
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1don MSN
Two Market Basket executives put on paid leave by the Board of Directors, are speaking out about the ongoing power struggle.
The Market Basket board of directors has put CEO Arthur T. Demoulas on administrative leave. Demoulas says his ousting is a hostile takeover from the board.
This isn't the first time CEO Arthur T. Demoulas has clashed with the supermarket chain's board of directors. Here's what happened last time.
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.