Workers Cheer Restored Market Basket CEO
TEWKSBURY, Mass. (AP) — The restored chief of the Market Basket supermarket chain told workers at company headquarters in Massachusetts that he loved them and appreciated their efforts in helping him regain control of the company.
In a speech Thursday morning that sometimes resembled a political victory speech, and often took on the tones of a rock concert, Arthur T. Demoulas told several hundred cheering workers in Tewksbury that “It’s great to be back together again.”
Demoulas on Wednesday announced that an agreement has been reached for him to buy for $1.5 billion the 50.5 percent of the company owned by his rival cousin Arthur S. Demoulas and his allies.
Demoulas said he is “in awe of what you have all accomplished.”
He said his employees’ actions have given him “renewed vigor and sense of purpose.”
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