Joe Schmidt, Market Basket’s suspended director of operations, spoke on the radio to do "the right thing." He was fired hours later.

Board alleges “insubordination” on part of former Director of Operations Joe Schmidt and Grocery Director Tom Gordon ...

And so, the purge begins. That's the only way to describe the firing of the two top executives of Market Basket CEO Arthur T. Demoulas' leadership team. The two veteran employees, Joe Schmidt, ...

Beloved New England grocer Market Basket is again embroiled in a leadership conflict that could ultimately impact its loyal shoppers. The supermarket chain said Wednesday that its board had placed ...

Market Basket Director of Operations Joe Schmidt, center, with CEO Arthur T. Demoulas’ children Telemachus Demoulas, left, and Madeline Demoulas at the new store on Old Ferry Road in Lowell in 2020.

The suspended Market Basket executives wear suits in keeping with the company culture they’ve known most of their lives at the New England supermarket chain.

LAWRENCE — The suspended Market Basket executives wear suits in keeping with the company culture they’ve known most of their lives at the New England supermarket chain.

Business ‘Completely against our culture’: Ousted Market Basket officials speak out about ‘pre-planned attack’ By Peter Currier The Sun, Lowell, Mass. Jun 30, 2025 Updated Jul 23, 2025 ...

Two Market Basket executives who have been placed on leave denied accusations from the board that CEO Arthur T. Demoulas was trying to "hijack" the company.

Fast-forward to 2025 and Market Basket is doing very well. The company now has 90 stores and around 32,000 employees with annual revenue of nearly $8 billion—almost double its 2014 revenue.