The removal of Market Basket CEO Arthur T. Demoulas by his cousin, Arthur S. Demoulas, and directors affiliated with Arthur led to worker demonstrations throughout the grocery store chain.
Sector specialists estimated that Market Basket was losing close to $10 million each day due to the protests, in lost business and inventory. A long history of legal battles had ruined the relationship between the 2 cousins' families. This case substantiates the enigma of corporate governance for family-owned business.
The Board of Directors at Market Basket case study solution
PUBLICATION DATE: February 26, 2015 PRODUCT #: 415044-HCB-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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