The governors of Massachusetts and New Hampshire have stepped in to try to broker a deal to end a month-long standoff at a New England grocery store chain.
Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan participated in negotiations Sunday with the owners of the Market Basket chain — feuding cousins Arthur T. Demoulas (Good Guy) and Arthur S. Demoulas (Capitalist Swine) — as well as several other shareholders.
The grocery store chain, known for its low prices and decent treatment of its employees, has about 25,000 employees and 71 stores in Massachusetts, New Hampshire and Maine.
A long-running feud between the two cousins culminated in the ouster of Arthur T. Demoulas (Good Guy) as CEO. His firing prompted worker protests and customer boycotts that have brought the private company to a virtual standstill. The company has lost millions of dollars over the last four weeks as warehouse workers have refused to make deliveries and customers have opted to shop elsewhere, leaving the stores with only a trickle of business.
Arthur T. Demoulas (Good Guy) has offered to buy the 50.5 percent of the company owned by his cousin and other relatives on his side of the family.
Edited by KTC
http://www.nytimes.com/aponline/2014/08/18/us/ap-us-supermarket-feud.html?ref=aponline
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