Demoulas, Market Basket and board of directors
Digest more
According to the Market Basket Board of Directors, both Schmidt and Gordon were fired for making false and derogatory remarks about the company and people associated with it, and inappropriate communications with colleagues.
The ongoing battle for control of Market Basket grocery stores appears poised to drag on for more than another month.
One of Market Basket’s founding family members, Arthur T. Demoulas, is blasting away at the private equity group that has a major ownership stake and he says is ruining the company. The chain has dozens of locations across New England, including two in Rhode Island.