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Market Basket's board fires CEO Arthur T. Demoulas, citing autocratic control, and files a lawsuit.
Market Basket's board of directors has unanimously voted to fire CEO Arthur T. Demoulas after a failed mediation attempt.
The board accused Demoulas of autocratic control and ignoring their input.
Despite the termination, the company assures workers and shoppers that operations, profit-sharing, and bonuses will continue unaffected.
The board has filed a lawsuit in Delaware over Demoulas' removal.
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La junta directiva de Market Basket despide al CEO Arthur T. Demoulas, citando el control autocrático, y presenta una demanda.