Market Basket board member who backed Arthur T. ousted by CEOs sisters
Bill Shea, a longtime board member at Market Basket and supporter of suspended CEO Arthur T. Demoulas, was removed by Demoulas's sisters, escalating an ongoing corporate feud. His ousting followed his inquiries into allegations that Demoulas and his team were planning a work stoppage, which he viewed as his duty to investigate. Shea condemned the remaining board members for exacerbating the company's turmoil and accused them of eliminating dissent. A representative for Arthur T.
claimed the sisters acted without prior consultation, suggesting a lack of transparency in their decision-making. In contrast, a lawyer for the board dismissed Shea's claims, asserting he prioritized Demoulas's interests over the company's. Shea defended his tenure, pointing to Market Basket's strong operational performance, which ranked second nationally. The sisters have previously removed another board member, Terry Carleton, suggesting a pattern of consolidating control. The ongoing conflict raises questions about the company's future direction and leadership stability.