Market Basket CEO Arthur T. Demoulas has been placed on leave by the board of the New England grocery chain. The board cites oversight concerns and disputes over succession planning as reasons for the action, alleging Demoulas planned a work stoppage and unilaterally appointed his children as successors. Demoulas' spokesperson called the board's claims a "hostile takeover." This latest family feud echoes a 2014 dispute that resulted in employee strikes and a CEO ouster, ultimately resolved by a buyout. The board insists the current action won't affect ownership, pay, or benefits.

Prepared by Christopher Adams and reviewed by editorial team.