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flag Market Basket's board fires CEO Arthur T. Demoulas, citing autocratic control, and files a lawsuit.

flag Market Basket's board of directors has unanimously voted to fire CEO Arthur T. Demoulas after a failed mediation attempt. flag The board accused Demoulas of autocratic control and ignoring their input. flag Despite the termination, the company assures workers and shoppers that operations, profit-sharing, and bonuses will continue unaffected. flag The board has filed a lawsuit in Delaware over Demoulas' removal.

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