Market Basket board had authority to remove Artie T. Demoulas, despite being a good CEO, judge rules

The firing of Arthur T. Demoulas, the now-former Market Basket CEO popularly known as “Artie T,” was upheld by a Delaware court Monday morning. Board members of the New England grocery giant, with its three locations in Concord, concluded rationally, reasonably and fairly, “that the CEO’s longstanding resistance to board oversight, imperious manner, and refusal … Continue reading Market Basket board had authority to remove Artie T. Demoulas, despite being a good CEO, judge rules