At Market Basket, the Benevolent Boss Is Back. Should We Cheer?
Lots of executives may claim to think of their employees as family. But it’s the rare boss who actually treats his workers as well as his blood relatives. The 25,000 employees of Market Basket, a chain of 71 New England grocery stores, see company president Arthur T. Demoulas as that boss. At least, that’s the story one gets from the press coverage of the bitter power struggle and chain-wide strike that has been frontpage news in New England all summer.
Ousted in June, Demoulas regained control of the company this week in what’s being hailed as a victory for workers. But is it?