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The Boston Globe



Market Basket’s descent into greed

THE BATTLE over Market Basket supermarkets by rival factions of the Demoulas clan led to the recent board decision to distribute $250 million to the nine family shareholders — an uncharacteristic act of greed for a firm known for its generous treatment of its workers and concern for price-conscious shoppers.

The payout is a victory for the wing of the Demoulas family that contends that CEO Arthur T. Demoulas has been much too generous in profit-sharing with employees, while cheating the owners. Shareholders have already received $500 million in dividends over the last decade, but the branch of the family headed by Arthur S. Demoulas has reportedly sought as much as $1.5 billion. Responding to Arthur S.’s complaints, the board has met over the summer to discuss whether to fire Arthur T., amid an extraordinary outpouring of public support for the CEO, with employees taking out full-page Globe ads declaring “there is no one with more integrity, caring, and respect” than Arthur T.

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