Success! Market Basket Leadership Remains Intact
A petition to retain the current leadership of the Market Basket grocery chain in Massachusetts and New Hampshire took our PetitionSite by storm in July, collecting 45,000 signatures in about 10 days.
After a 12-hour meeting on the 18th, the board of directors for the family-owned Market Basket chain adjourned without taking any action to remove current president Arthur T. Demoulas.
It is clear that this decision was made in part because of the enormous support shown by shoppers of the chain, both online and offline.
Of the tens of thousands of people who signed our petition, many of them expressed a long-time loyalty to the chain and said that they believe what they love about Market Basket is very much tied to Arthur T. Demoulas’ leadership.
Michaela from Massachusetts added this comment to the petition: “For years and years, ever since I was a little girl, ever since I could remember, my family and I would shop at Market Basketů. To see changes to Market Basket – its prices and the CEO who has made this possible – could lose the business of loyal customers for over 25 years.”
Thomas from New Hampshire commented: “This store has a community feel to it and our family saves money when shopping with you. The relational loyalty that is characteristic of New Hampshire citizens should not be underestimated. The Board’s vision would be short-sighted indeed, if focused only on who controls the company. Arthur T. Demoulas is doing a great job.”
This petition came as a result of a longstanding family feud over the control of the store, and accusations that Arthur T. Demoulas mismanaged company money and disrespected the authority of the board. Rumors circulated that there may be a leadership change afoot, but supporters of the chain came out in full force to oppose any changes.
The board meets again on August 22, and many Care2 members will be watching closely to see if there are any changes still ahead.
Photo from Thinkstock