EagleTribune.com, North Andover, MA

Latest News

July 18, 2013

Hundreds pack site of Market Basket meeting on CEO

ANDOVER — A boisterous crowd of Market Basket employees gathered outside the Wyndham Hotel this morning ahead of a vote whether to oust the supermarket chain's CEO, Arthur T, Demoulas.

The chain's Board of Directors was set to consider replacing the current CEO with his cousin, Arthur S. Demoulas. Some directors accuse Arthur T. Demoulas of ignoring the board's directives and misspending money.

Supporters of Arthur T. Demoulas say prices will rise and employees won't be treated as well if Arthur S. Demoulas takes over.

Hundreds and hundreds of people — as many as 2,000 by one estimate — lined the road leading to the hotel and packed the parking lot, holding signs and chanting "Artie T! Artie T!" Signs read "People Before Profits" and "Artie S. = Greed."

The crowd gave Arthur T. Demoulas a rock star's reception when he arrived just before 9:30 a.m. driven in a silver Mercury sedan that moved slowly through the sea of supporters mobbing the car and reaching to shake the CEO's hand.

A convoy of Market Basket trucks, meanwhile, made a continuous loop on Interstate 93, honking horns each time they passed the hotel, which is on Old River Road, parallel to I-93.

Andover police closed the road shortly before 9 when there was no room left for cars.

 

 

1
Text Only | Photo Reprints
Latest News

AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Photos of the Week