Market Basket CEO Arthur T. Demoulas has taken the grocery chain's contentious board to task over alleged inaccuracies on a website that it's using to communicate with workers.
In a letter to chairman Keith Cowan that Demoulas shared with employees, he stated his opposition to the "unprecedented" website and highlighted information on it that he said is significantly "wrong." He also asked the board to shut down the site.
"I am completely opposed to the board having a website," Demoulas said in the letter to Cowan. "Any company should speak to its associates, its customers and the public through its CEO. I urge you to promptly either close the website or, at a minimum, fix the site and eliminate the half-truths and inaccuracies."
Demoulas said the site takes the position of so-called "A" directors aligned with his rival, Arthur S. Demoulas, who waged an earlier campaign to remove his cousin from the CEO's post and rein in his duties amid a long-running family feud.
The board, meanwhile, has made only one of Demoulas' recommended changes to the site's "frequently asked questions" page, but updated others. It acknowledged that it's hired an executive search firm to "assure that both corporate succession planning and the identification and development of additional executive talent is an integral part of long-term planning ... The search firm is not looking for a new president."
The board has no intention to take down the site, according to a board spokeswoman. "The board has made it clear why it created the website, and the board will continue to use this vehicle to provide factual information to the company's stakeholders," she said.
A spokeswoman for Arthur T. Demoulas said he declined comment. In his letter to employees, Demoulas said he was forwarding the Cowan letter to "set the record straight."
"It is important that when the company decides to communicate with its associates, it do so truthfully," he said in the letter.
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