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Market Basket CEOs' 'Unenviable Task'
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Market Basket's current CEOs — Felicia Thornton and James Gooch — have signed on for a tough job. They have replaced the wildly popular Arthur T. Demoulas, whose ouster — among other grievances — precipitated a massive walkout by Market Basket employees that has carried on for weeks.
The company is hemorrhaging money, and the CEOs' management of the crisis has not appeased the protesting workers or their supporters.
Guest
Callum Borchers, business reporter for The Boston Globe. He tweets @callumborchers.
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The Boston Globe: Constant Challenges, No Certainties For New CEOs At Market Basket
- "Help wanted: Two chief executives to replace one cult hero at regional grocery chain. Will be scorned by employees loyal to former boss, and may be fired within weeks. Successful candidates will share ridicule and uncertainty."
WBUR: Vote For Arthur T.? Market Basket Rallies Echo Political Campaign
- "You’d soon find out this is not a campaign rally for a candidate running for office. It’s for an ousted CEO bidding to return to the corner office. You’d soon notice that the rally is a little rough around the edges — not your typical scripted event with well-tested stump speeches."
This article was originally published on August 06, 2014.
This segment aired on August 6, 2014.