Like many longtime employees of the eastern New England grocery chain, Joe Schmidt and Tom Gordon started as associates at Market Basket and worked their way up. Now, they fear the unique culture of Market Basket is at risk as a result of board maneuvers that have at least temporarily ousted them, CEO Arthur T. Demoulas and others amid an ongoing Demoulas family feud over succession.
Business
IC Credit Union awards $12.5K scholarships to local HS seniors
FITCHBURG — Each year, IC Credit Union awards scholarships to graduating high school seniors who plan to pursue higher education at accredited institutions. This year, IC awarded eight scholarships, totaling $12,500, to outstanding local students. Among them was a scholarship presented in partnership with the North Central Massachusetts Chamber of Commerce, five scholarships focused on […]
Boston’s FIFA World Cup matches expected to bring $1.1B to New England in 2026
With one year until the FIFA World Cup, a new report Wednesday projected seven matches scheduled to be held in Boston in 2026 are expected to bring in a monumental $1.1 billion in local economic impact to New England.
State aims to turn its surplus properties into housing
LOWELL — The Healey-Driscoll administration threw open the doors to more housing in the commonwealth during an announcement at an inaugural Developers’ Fair held in Downtown Boston Monday morning.
‘Absurd’: Market Basket execs refute allegations that led to ousting of CEO
Two longtime Market Basket executives who were placed on paid administrative leave by the grocery chain’s board of directors alongside CEO Arthur T. Demoulas called the board’s allegations that they were planning a work stoppage “absurd.” Joe Schmidt, director of operations, and Tom Gordon, the top grocery supervisor, on Friday addressed the board’s surprising move to […]
‘Absurd’: Market Basket executives refute allegations that led to ousting of CEO Arthur T. Demoulas
Two longtime Market Basket executives who were placed on paid administrative leave by the grocery chain’s board of directors alongside CEO Arthur T. Demoulas called the board’s allegations that they were planning a work stoppage “absurd.”
