Story perspectives

Market Basket CEO Fired Amid Family Feud and Allegations

9/10/2025

Summary

Story summary

Market Basket's board fired CEO Arthur T. Demoulas after failed mediation efforts to resolve disputes.
The board expressed concerns over Demoulas's alleged plans for a work stoppage and lack of transparency.
Demoulas, owning 28% of the company, described the board's actions as a "farcical cover-up for a coup."
His three sisters, controlling 61% of the company, supported the board's decision.
The board filed a complaint in Delaware, alleging Demoulas resisted oversight.

1 of 1

Story summary

Market Basket's board fired CEO Arthur T. Demoulas after failed mediation efforts to resolve disputes.
The board expressed concerns over Demoulas's alleged plans for a work stoppage and lack of transparency.
Demoulas, owning 28% of the company, described the board's actions as a "farcical cover-up for a coup."
His three sisters, controlling 61% of the company, supported the board's decision.
The board filed a complaint in Delaware, alleging Demoulas resisted oversight.