Market Basket's Board of Directors met Friday in Boston and released a statement saying it would consider an offer by ousted CEO Arthur T. Demoulas to acquire a controlling share of the company. The board also called for "normal business operations to resume immediately."
Thousands of protesters, employees and their supporters marched in front of the company's headquarters in Tewksbury to show support for Arthur T.
The workers’ revolt has severely depleted store shelves and prompted customers to shop at competitors’ stores, either because of the limited selection or as a form of protest. Many customers have taken to taping their receipts from competitors on Market Basket store doors.
WBUR's Sacha Pfeiffer gets an update on the unfolding situation.
- "Business has dropped off dramatically since the protest began over a week ago, as store shelves have emptied and not been replenished by deliveries. Customers have stopped shopping at Market Basket stores, known for their rock bottom prices, either because of the limited selection or as a form of protest. Many customers have taken to taping their receipts from competitors on Market Basket store doors."
- "Organizers estimated 15,000 people gathered under cloudless, sunny skies to voice their support for Demoulas and eight executives who were fired Sunday by new management aligned with Arthur S. Demoulas, a cousin of Arthur T. Demoulas who took control of the $4.6 billion family business last month. Unofficial police estimates pegged the crowd at 6,000 to 7,000."
This segment aired on July 25, 2014.