~ Company employees strike get good guy CEO reinstated at the helm of his own company after family squabble between brothers results in him leaving the company. Love it!! Amazing story!!! INDEED!! ~ -- A six-week standoff between thousands of employees of a New England supermarket chain and management has ended with the news that the beloved former CEO is back in control after buying the entire company. Tractor-trailers bearing the Market Basket logo and laden with the tons of food it will take to restock the chains 71 stores in Massachusetts, New Hampshire and Maine, as well as vendor vehicles, pulled up to loading docks before business Thursday, just hours after the announcement late Wednesday that Arthur T. Demoulas paid $1.5 billion for shares of the company owned by the rival family faction, led by cousin Arthur S. Demoulas. Market Basket said in a statement late Wednesday that Arthur T. Demoulas would be returning to the company and that he and his management team would handle day-to-day operations while the purchase is completed. All associates are welcome back to work with the former management team to restore the company back to normal operations, Arthur T. Demoulas said in a statement I feel like I won the lottery, Market Basket truck driver Buddy Wemmers told The Boston Globe. Im thrilled, this is epic, said Tom Trainor, a district supervisor, told the Boston Herald. businessinsider/beloved-market-basket-ceo-is-reinstated-2014-8
Posted on: Fri, 29 Aug 2014 02:53:45 +0000
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