Bill Shea's removal from the Market Basket board was described as abrupt by Arthur T. Demoulas. Shea, an ally of Demoulas, was dismissed following his request for clarity regarding allegations tied to Demoulas's suspension. His departure highlights a deeper schism within the company, predominantly controlled by Demoulas's sisters. Concerns were raised about the remaining board members' independence and decision-making, with claims that Shea's ousting eradicated dissent and institutional knowledge vital for the company's governance.
"In taking this action, Mrs. Kettenbach, Mrs. Farnham and Mrs. Pasquale have done two things: they have eliminated the one person who had the right to demand the factual information behind these false accusations; the one person who could question their actions and that of their hand-picked board members."
"That's not a threat, it's a duty that I had - to get to the bottom of why they had so publicly decapitated this incredibly successful company, removing its management."
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