TEWKSBURY, Mass. — A board-led attempt to cool anxieties at Market Basket stores was met skeptically by employees last week, who remained concerned over potential cuts in profit sharing and the removal of the chain’s popular chief executive officer, Arthur T. Demoulas. In a memo to employees last week, three newly elected independent directors of Demoulas Supermarkets said they have “moved thoughtfully” to improve corporate governance at the retailer, but were ...
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