The company’s charter effectively gives him veto power that prevents it from being sold without his say-so, should that situation arise.

Arthur T. Demoulas, the CEO of Market Basket, has been placed on paid administrative leave by the company's board of directors.In a letter to employees, the board's executive committee said that ...

Market Basket's board says it has placed CEO Arthur T. Demoulas on leave, citing allegations that he was planning a work stoppage among employees at the family-controlled supermarket chain.

Weeks later, a deal was reached to sell the Market Basket chain to Arthur T. Demoulas for nearly $1.6 billion. "It sounded like a lot of people supported the CEO," said shopper Tyler Walsh.

Market Basket CEO Arthur T. Demoulas was placed on paid leave amid an investigation into alleged planned business disruption. This follows a 2014 strike where employees protested Demoulas's firing ...

NORTH ANDOVER — Perception will be everything, or at least key in an investigation commissioned by Market Basket’s board into conduct by the supermarket chain’s CEO, Arthur T. Demoulas.

Market Basket chief executive Arthur T. Demoulas has been placed on paid administrative leave by the company’s board of directors to investigate alleged plans to lead a work stoppage.

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.