Arthur T. Demoulas reinstated as CEO of Market Basket
WBUR - 08/28/2014
Workers spent much of Thursday loading up delivery trucks and getting food back into 71 New England Market Basket stores, following the remarkable conclusion of one of the most amazing stories in American business history.
In short, Arthur T. Demoulas is back in. More than six weeks after he was ousted as CEO by the Market Basket board, Wednesday night, company shareholders approved a deal in which Demoulas purchased a controlling stake in the company and returned as CEO.
Which meant that Thursday, many of the company’s 25,000 workers were also back on the job.