Saturday, August 2, 2014

Slow Saturday Special: Market Basket Omelet

Can't make one without breaking a couple of heads, 'er, eggs:

"Market Basket targets managers" by Jack Newsham | Globe Correspondent   August 01, 2014

Market Basket executives ratcheted up the pressure on the company’s protesting workforce Friday by withholding the paychecks of a group of middle managers in hopes of forcing them to report to work on Monday, the deadline the company has set for employees to return to their jobs as the fate of the multibillion-dollar grocery empire hung on negotiations between the two warring cousins who have been fighting for control of Market Basket for decades....

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"Legal memos trace acrimony between Demoulas factions" by Casey Ross | Globe Staff   August 02, 2014

Arthur T. Demoulas was fired from Market Basket in June, but the allegations underpinning that fateful decision arose nearly four years ago in legal memos that accused him of real estate transactions that enriched his side of the family at the expense of the business and other relatives.

The memos, written by a lawyer for his cousin and longtime nemesis, Arthur S. Demoulas, claimed Arthur T. and his brothers-in-law were “plundering” millions of dollars through deals they arranged in several communities in Massachusetts and New Hampshire.

Arthur T. vehemently denied the allegations. He argued that Arthur S. trumped up the charges in an effort to take control of their company, Demoulas Super Markets Inc., and pay himself more of its profits at the expense of customers and employees.

Now, as Arthur T. tries to buy his cousin out of the business, a Globe review of the memos, which were sent to the company’s board of directors in late 2010, provides insight into the discord within the embattled grocery chain and the motivations of the men fighting to control it....

As if I gave a shit.

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You know, I rarely do this but today's Globe omelet? Little dry and kind of rubbery.