Market Basket CEO placed on leave amid investigation 03:11. Market Basket CEO Arthur T. Demoulas has been suspended while his conduct is investigated by the company's board.

Market Basket chief executive Arthur T. Demoulas has been placed on paid administrative leave by the company’s board of directors to investigate alleged plans to lead a work stoppage.

Market Basket was started in the 1920s as a DeMoulas in Lowell, Massachusetts. Over the past 100 years, the grocery store has expanded to 90 locations in Rhode Island, Massachusetts, New Hampshire ...

In 2014, Artie T., as he's often referred to by workers, was forced out when the Market Basket board was controlled by his cousin, Arthur S. Demoulas.

Market Basket CEO Arthur T. Demoulas walks outside the store off of Pawtucket Boulevard in Lowell as it prepares to open on Oct. 9, 2020. In a move reminiscent of the summer of 2014 when Demoulas ...

Weeks later, a deal was reached to sell the Market Basket chain to Arthur T. Demoulas for nearly $1.6 billion. "It sounded like a lot of people supported the CEO," said shopper Tyler Walsh.

Market Basket’s Board of Directors has placed CEO Arthur T. Demoulas on paid administrative leave amid claims that he was in the process of orchestrating a companywide work stoppage, 12 News … ...

A worker pushes grocery carts in front of a Market Basket supermarket location, Thursday, Aug. 28, 2014, in Chelsea, Mass. (Steven Senne/AP) The Market Basket board placed its chief executive and ...

The beloved CEO and minority shareholder of Market Basket is on paid leave as the company investigates "credible" allegations he was planning to orchestrate a work stoppage as retaliation against ...

READING, Mass. — Two days after the CEO of Market Basket and other executives were put on paid leave by the supermarket chain's board of directors, some are pushing back against the allegations ...

The CEO and public figurehead of Market Basket, one of the region’s most popular grocery store chains, has been put on administrative leave, rekindling memories of a different intra-family ...

As Market Basket navigates this governance crisis, it underscores the need for family businesses to balance family interests with robust corporate governance to ensure long-term stability and success.