Ousted But Popular CEO Buys Back Company, Ending Six-Week Supermarket Standoff

Ousted But Popular CEO Buys Back Company, Ending Six-Week Supermarket Standoff

Shoppers in New England can once again get groceries and workers can return to their jobs, as the supermarket saga that has been unfolding in three states for over a month has now come to a happy end. Inelegantly ousted but apparently beloved CEO Arthur T. Demoulas has reached an agreement with the board of the company to buy it back for $1.5 billion and regain control. [More]

Forty-Year Family Feud Leads To Empty Shelves At 70 Supermarkets, Protests In Two States

Forty-Year Family Feud Leads To Empty Shelves At 70 Supermarkets, Protests In Two States

A weird situation in New England is getting weirder. Regional grocery store chain Market Basket, which operates 71 stores in Massachusetts, New Hampshire, and Maine, is finding itself at the center of a massive controversy, with employees, executives, customers, and even local lawmakers all getting involved. The core issue? The board ousted good-guy CEO Arthur Demoulas to replace him with perceived money-grubber Arthur Demoulas, and the resulting furor has led to strikes, boycotts, and empty shelves. [More]

Son Of McDonald’s Franchisee Says Dad Made Employee Send Texts To Prostitutes

Son Of McDonald’s Franchisee Says Dad Made Employee Send Texts To Prostitutes

In one of the more bizarre stories I’ve come across in recent memory, the son of a McDonald’s franchisee in Pennsylvania has accused his father of indulging in various forms of sexual harassment, including telling an employee to help him text prostitutes. [More]