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Arthur T DeMoulas

February 23, 2016

The story of the unlikely grassroots movement that saved a beloved business

The Story of the Unlikely Grassroots Movement That Saved a Beloved Business

April 20, 2015

Whether its family members taking over top leadership positions, or businesses that have won awards for their employee engagement, we’ve got the leaders steering their family businesses in innovative and interesting directions 

Welcome to the Top 50 Family Business Leaders List 2015 – the fifth time CampdenFB has compiled its list of leading lights.

January 23, 2015

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

1: Shareholder revolts

September 4, 2014

Market Basket third gen Arthur S Demoulas, who experienced huge staff and customer backlash when he fired his cousin from the helm of the family business, has still come out on top in the long-running family feud, according to a family business expert.

Market Basket third gen Arthur S Demoulas, who experienced huge staff and customer backlash when he fired his cousin from the helm of the family business, has still come out on top in the long-running family feud, according to a family business expert.

The New England-based supermarket chain, which has annual revenues of $4 billion (€2.9 billion), became the target of staff-led rallies calling for Arthur T Demoulas to be reinstated after his ousting in a board vote led by his cousin.

July 30, 2014

The ousted chief executive of US supermarket chain Market Basket has gained a level of support from employees that is uncommon outside of family businesses, according to a Harvard Business School academic.

The ousted chief executive of US supermarket chain Market Basket has gained a level of support from employees that is uncommon outside of family businesses, according to a Harvard Business School academic.

Staff and customers have been boycotting the multi-billion dollar company since Arthur S Demoulas, who owns 51% of the company, removed his cousin Arthur T Demoulas from office last month, arguing that a popular profit-sharing scheme was cutting into shareholder profits.

June 25, 2014

US grocery chain Market Basket has chosen not to re-elect second-generation chief executive Arthur T DeMoulas following a longstanding feud over the direction of the family business. 

US grocery chain Market Basket has chosen not to re-elect second-generation chief executive Arthur T DeMoulas following a longstanding feud over the direction of the family business. 

In a statement, the board, chaired by DeMoulas’s cousin and rival Arthur S Demoulas, said the 58-year-old would “not retain any management responsibilities moving forward”.

Market Basket, founded initially as a small grocery store in 1917, has annual revenues of more than $4 billion (€2.9 billion) and employs 21,000.

August 27, 2013

The board of directors of feuding US family business Market Basket have hired an executive recruitment firm in a possible move to oust second-gen chief executive Arthur T DeMoulas.

The board of directors of feuding US family business Market Basket have hired an executive recruitment firm in a possible move to oust second-gen chief executive Arthur T DeMoulas.

They have also agreed to distribute $250 million (€187 million) among the Massachusetts supermarket chain’s nine family shareholders – a motion likely supported by DeMoulas’s rival and cousin Arthur S DeMoulas, who wants a greater share of company profits.

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