Market Basket CEO Loses Challenge to Ouster: Delaware Brief

Market Basket CEO Loses Challenge to Ouster

I’m your host, Mike Leonard, and it’s time for Family Feud! We asked 100 people to name something you’d bring to Delaware’s Chancery Court:

• an “imperious” CEO with a “dictatorial” management style and his own PR machine
• his three sisters, collectively holding a controlling stake in the company
• a divided board of directors presiding over a storied regional brand
• a bitter battle for succession involving the chief executive’s children
• a previous CEO ouster attempt that failed after an employee walkout and customer boycott

Survey says: Ding ding ding!

As Jef Feeley and ...