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  • Market Basket board ousts president, two other executives

    Boston Globe - 06/23/2014

    Ted Clark, executive director of Northeastern University’s Center for Family Business, said he expects the company to prosper because of a cadre of experienced middle managers who run the chain effectively. “Two top dogs fighting doesn’t mean the whole operation is going to be in an uproar,” Clark said.

    Monday’s ouster was the culmination of the most recent round of infighting between Demoulas and cousin Arthur S. Demoulas,who gained control of Market Basket’s board last year. They are sons of two brothers: Arthur T. is the son of the late Telemachus Demoulas, and Arthur S. the son of the late George Demoulas.

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