A widow's switch of allegiance set off the falling Demoulas Market Basket dominoes
SEAFOODNEWS.COM [Lowell Sun] By Grant Walker - July 28, 2014
It was the apparent change of heart that drastically changed a $4.6 billion, 25,000-employee grocery chain.
A London woman, a widow once married to a Demoulas brother, made a decision in June 2013 that led to a domino effect that has changed, potentially forever, Tewksbury-based Market Basket.
The sequence of events started by Rafaela Evans has led to one major change after another: She switched allegiances from one side of the Demoulas family to the other, leading to a shake-up on the board of directors that oversees key aspects of the company, which led to a controversial $300 million special payout to family shareholders, and, ultimately, the ouster last month of popular CEO and 40-year employee Arthur T. Demoulas...
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