Market Basket's CEO Arthur T. Demoulas has been placed on paid administrative leave as the board investigates alleged plans for a work stoppage. Tensions between Demoulas and the board have escalated, reportedly because he resisted compliance with corporate oversight and succession planning. The board fears that such a disruption could harm operations and customers, especially amid economic uncertainty. While Demoulas is on leave, the board plans to keep operations running smoothly through the existing management team, as employees adjust to the changes.
The board believes the work stoppage was planned as an act of retaliation due to simmering tensions between Demoulas and the board.
At a time of great economic uncertainty for many households, such work stoppages would significantly harm and broadly disrupt Market Basket's stores and operations across New England.
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