Latest news with #ThomasGordon
CBS News
4 days ago
- Business
- CBS News
Two Market Basket executives speak out after suspension. "I've given my life for this place"
Spokesperson says there's currently no negotiations between Market Basket CEO and board Spokesperson says there's currently no negotiations between Market Basket CEO and board Spokesperson says there's currently no negotiations between Market Basket CEO and board Market Basket employees, including two executives put on paid leave by the Board of Directors, are speaking out about the ongoing power struggle and new fight for control of the company. "I've given my life for this place," said Grocery Director Thomas Gordon, who said he's worked for Market Basket for almost 50 years. On Friday, he and Director of Operations Joe Schmidt spoke about the recent decision by the Board of Directors to suspend President and CEO Arthur T. Demoulas and place him on paid leave, along with two of his children who work for the company. Both Gordon and Schmidt were also placed on administrative leave this week. "I think the next step will be that they'll probably fire me,," said Schmidt, who said he's been with Market Basket for 39 years. Arthur T. Demoulas suspended The board said Demoulas is being investigated by an independent law firm "for planning a work stoppage in retaliation for requests from the board for basic collaboration and oversight." "That's just absurd, nobody would do that," said Schmidt, when asked about the claims. "Mr. Demoulas had no indication that he was going to be fired." Demoulas said the investigation is "a farcical cover for a hostile takeover." He said he was "ousted from his position as President and CEO of Market Basket" by his three sisters and their three appointed board members. "There is no justification to take him out of his position as president and CEO," said Schmidt. On Friday, Market Basket Board Chairman Jay Hachigian said the company has no plans to change pricing and the business is not for sale. "Arthur was put on paid leave because that was done because of a disagreement between the board and Arthur as to the board's oversight responsibilities and Arthur's inability to allow the board conduct the oversight that it's legally required to do," said Hachigian in a video statement. Will shoppers and workers walk out again? Back in 2014, when Demoulas was in a legal battle with his cousin for control of the company, many Market Basket employees walked out in a show of support for him. Right now, it's unclear how customers and employees will react this time around. "I can't answer that question. I have to support myself, I'm a single person. I might stay but I don't know," said one Market Basket employee, who wished to remain anonymous. "If there's any activity, it would be from the customers," said Gordon. "It's their decision to make, not ours." On Friday, a spokesperson for the board said, there are currently zero negotiations between Demoulas and the board. The company has about 30,000 employees.
BBC News
20-04-2025
- Sport
- BBC News
Warriors win, Edinburgh & Scotland lose
We asked for your views on yesterday's rugby action, here's what some of you had to say:Edinburgh 17-18 SharksStair: Edinburgh played out of their skin. Probably the best 80 minutes of the season. The Hive was bouncing. The last minute spoiled a great night. The home loss against Zebre destroyed our season not the result tonight. Just bad Typical old failings. Had a chance to go seven points up which would at least mean Sharks would need a converted try to draw, given their place kicking was awful, another win has slipped through the fingers. Be lucky to get another win this Mixed response from the game. Proud of the team fronting up against such a strong opponent and battling to the end. But disappointment in missed chances and silly mistakes, but clear team Edinburgh threw that match away after working so hard to stay ahead. The favourite Scottish trick of not being able to score from close range once again reared it's ugly head as they failed to get the clinching score and bonus point win, then they gave it away. They just don't have winners and leaders. Failing to secure the goal line dropout was shockingly poor inviting the scrum penalty and conceding field position. There are some individuals in the Edinburgh set up who are just not good enough. The substitutions who came on near the end were 6-14 Glasgow WarriorsChris: Glasgow looked like the wind had been knocked out of them. Not the bounce back performance that was expected, a win is a win but the visit of the Bulls is Tough watch. First half lacked direction, application and passion. A lot of players did not put their hand up or make a difference. Better in the second-half for the first 20 minutes, there was a clear effort to break the gain line and get behind Zebre. Thomas Gordon certainly brought momentum and the players around him followed his lead. No bonus point, but a win here was incredibly important for the rest of the season. Can breath again but will need to fix the One of the worst games of rugby I have ever watched. Both sides wanted to show that they could knock on more and make the silliest of errors. Saying that will be good experience for the younger players to know they can come back and win when everything seems not to be working for Franco Smith achieved two things, they got a win away to Zebre and rested key players for the difficult matches at the regular 59-7 ScotlandMike: Another huge defeat at the hands of England, we just can't compete at any age or grade level, professional women and now since the Six Nations, our men. Where do we actually go from this point forward? U16, U18, U20, Women's and Men's game? In a few years our men's group, the best ever assembled, will be out of date and our development of young players is, I'm sorry to say, woeful! We will transition like Wales and take years to get any sort of talent through. Our chances of any Championship has been lost since the Six Nations started and this will not change anytime Psychological hangover, lots of players trying too hard. Hope we get over this quickly or our title defence will fail but it will help if some of the injured players return because they did not play in Dublin so can bring back the positivity of our earlier performances.
