You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Editorials

editorial

Arthur T. Demoulas prevails, but with lessons to learn

Arthur T. Demoulas’s return to the helm of Market Basket is a victory for the family-owned grocery chain’s employees, who walked off the job after Arthur T.’s cousins ousted him in June and refused to come back without him. It’s also a victory for a farsighted business model, in which maximizing the immediate returns for owners is a lesser goal than preserving a company’s long-term sustainability.

Yet Arthur T.’s $1.5 billion buyout of the rival Arthur S. Demoulas faction doesn’t mean that everything can go back to exactly the way it was. The deal leaves the company with a loan obligation it previously didn’t have, not to mention a $550 million loan from a private equity firm. Especially under these new pressures, Arthur T. must preserve the values that made Market Basket special. But if he hopes to prevent a repeat of this saga in the future, he must also professionalize the governance of this all too unusual chain.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week