How supermarket chain Market Basket imploded from bad investments
To understand why a small north-east supermarket chain is giving Shakespeare a run for his money, you have to go back to an even bigger drama: the US financial crisis in 2008. That’s when Arthur T Demoulas, the scion of the clan that controls Market Basket, joined two trustees in deciding to invest the entirety of the employees’ $46m profit-sharing plan into the preferred stock of Fannie Mae and Freddie Mac.
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