arthur t.s was ousted in a shakespearian coup. arthur t. as "the boston globe" pointed out was generous enough that market basket managers and supervisors can easily make it into six figures. profit sharing, so much so in 2008 when one of the funds in which the profit sharing money was invested suffered a quarterly loss, arthur t. says he insisted the company immediately make up a loss to his employees' accounts. arthur s. once reportedly sought a $1.5 billion payout to shareholders on top of what shareholders had already received over the last decade. according to "the boston globe" arthur s. discussed a sale of his family's stake in market basket with private equity company cerebrus capital management in 2011. fears that losing arthur t. will lead to ruthless corporate efficiency. they took out a full-page ad in boston papers about a job fair next week, sending a clear ultimatum to market basket employees who walked off the job, returned to work on monday, or will begin hiring other people. j

but arthur t. was fired in june by a bored of directors controlled by arthur s.oulas who seems to think his cousin arthur t. was spending stockholder money too initially. neither cousin is giving interviews but the basic fact is clear enough, the family-owned business has ground to a halt. in mid july, truck drivers and warehouse workers walked off their jobs. a non-union strike in support of their employee-friendly leader. >> two years later, i'm fired with seven of my colleagues. >> for the likes of tom trainer, a bag boy who was till july 20th a district manager, a throwback site, main street versus wall street, decent wages, caring management and instead of debt $500 million in cash to finance investment versus maximizing shareholder value by distributing the money as dividends. last summer the boy did vote to distribute $300 million of the cash to shareholders. >> they stripped $300 million out of the $500 million cash reserve just to give themselves a dividend bonus. so they greatly reduced the capital improvement fund women's they want to put us in debt, t

arthur t. has offered to buy the company from his family members.the board has rejected that and told some of your colleagues, the company said 200 of them, although some people say was more people than that, but they got until friday to get back on the job or they lose their jobs. what do you think of that? >> it's heartbreaking for me. i worked at the corporate offi office, filling in for a time. these people are our friends. they are our family. when you work at a company for 30-plus years, you get transferred around to different stores and departments. we all know each other and we have each other's backs and arthur t. has had our backs in taking care of us, and now it's our turn to take care of him. when he comes into the store and he comes right up to you and shakes your hand and knows your name, that's not just me, it's many, many workers. he actually really cares about us and our culture at the market basket. >> what a remarkable story. we'll stay on top of following it. we've been following it since it started. we wish you the best. thank y

work for another chain or do we want to talk for arthur t. he makes you feel like you are a valuable part of the business. >> reporter: tony, hundreds of consumers have been protesting. one customer even made a song about this and posted it. >> a song? >> reporter: several songs. this is one of them. >> reporter: that song has gotten more than 86,000 likes. >> is it demo oh u las. it's the demoulas family that owns it, and arthur t.demoulas is the former ceo. a fund has been set up for drivers who have been missing work. they've been receiving more than $75,000 in donation over the past few weeks. other people who--other workers who are protesting, they're also risking their jobs, and the company has said they will replace people who don't show up to work. >> michael: we got to get arthur t on the abraham some how. i know everybody is vying for him but morale is here. >> reporter: this is an incredible story. >> and missing work is importa important. >> reporter: it really is about a family owned business. many say they started out as a bag b

on july 8th, they staged a crimming walkout demanding arthur t. be reinstated it cost market bact $8.5 million a day. customers joined the cause refusing to shop at market basket leaving the company with a total loss of $380 million. on thursday, a deal to settle the -- to sell the majority stake of the company to arthur t. was reached. after is 6-week long fight, the shape's 25,000 employees will be heading back to work. now, turning to what some are calling suit gait during president obama's press conference, there was something that caught a lot of people's eyes, his tan suit. people on social media were not pleased with the choice. really not liking this obama tan suit sends the wrong message. this is what happens when obama bypasses congress to purchase a suit. i'm sorry, but you can't declare war on a suit like that. just for fun, we were having this debate in the consider this. some liked it. others didn't particularly love it. ali, what did you think? >> i did not know what he was wearing when i got dressed. let me te let me tell you. >> o

here's how arthur, known as arty t.ket, expressed the same feeling of work, family, unity in his return to the job today. >> you have demonstrated that everyone here has a purpose. you have demonstrated that everyone -- that no one person is better or more important than another. and no one person holds a position of privilege. whether it's full-time or part-time, whether it's a stacker or a cashier or whatever else. so a supervisor, a customer, a vendor or a ceo, we are all people. [ applause ] >> "the boston globe" described arty t.'s winning management style this way -- >> so that's it. that's what it takes to be a beloved ceo. exactly what you think it would take. pay well, know employees by name, know what they want and what they need to do a better job. as the globe put it today, the market basket lesson is, treat them right, make them passionate about what they do, and watch your bottom line grow. in the six weeks that arty t. was knocked out of his job, the business of market basket collapsed because customers s

this arthur t must be really something. grant welker is reporter.nks. >> today we heard a different measure for consumer sentiment fell slightly in july. bad news. or so it seems. what gives, first, don't get distracted by the words "confidence" and "sentiment." both of these surveys ask consumers how they feel about the present and the future. we care about the answers because it affects how much people spend. second, don't read too much into the fact that the confidence index fell from june to july. the reading we got today rose from a preliminary reading earlier in july that is still at a level that signals an jesus in consumer spending. first don't make much about these two surveys. they end up mirroring each other over long periods of time. finally some of the difference may involve when these surveys are done. the confidence survey ended on july 17th. the university of michigan sentiment indetention captured 12 days of july. but economists chris christopher at global insight tells us there is nothing obvious this month in terms of news that wo

supermarket chain in new england dismissed company president arthur ddemollis the board controlled by arthur t'ssin arthur who wanted more of the profits to go to shareholders, less to employees. >> in what amounted to an epic family feud market basket stores hemorrhaged money, an estimated $1 million a day, thanks to a customer boycott in sympathy with the employee walkout. >> no one will ever walk 20,000 people who walked out for one man. but we did. >> the employee revolt at market basket raises a question, especially over this labor day weekend, is there a connection between workers feeling well treated by their employers and the bottom line? there is lots of evidence the answer is yes. here is just one example. track for 15 years stock in fortune magazine's 100 best companies to work for in america, way outperformed both the s&p 500 and the russell 3,000 indices. >> for every one good company, great place to work, how many awful ones are there? >> i think it is more like the vast majority are mediocre. >> robert leveling knows the good from the bad. he is one of the creators of the 100 best

. >> yesterday, arthur t. finally reached a deal with his cousin, arthur s., to buy a majority of the company from him and reclaim his role as ceo. arthur and the rest of his management team are now going back to work at market baskets all across the northeast, kelly. >> yes, and customers are already back in the stores. with us now is steve palanka with market basket, who was on this program earlier this month when he was fired for the protest. alongside him, his friend and colleague tom trainor, a district supervisor who was also fired. welcome to you both. it's great to have you back. and steve, first of all, what is your employment status with the company? >> i believe we're reemployed yesterday, thank goodness. >> and tell us what that was like. >> a lot of hugs, a lot of tears, a lot of bended knees, but it was in prayer, not submission. just a lot of joy. it was the fulfillment of a lot of our effort, a lot of hopes. >> tom, what did you hear from customers who showed up at the store? i know a lot of the

early read it by billion dollars right now and arthur as he has been on the board really felt like arthur t. with heating and. making all those great profit out keeping them down man got to have got to rape and pillage more. i mean i mean how did people respond to the ousting well that's the part so everyone here is in the company right we're hearing all the bad thing all the time in the market basket case completely different everyone is the already employed by the thousands are coming out and protesting in all of the parking lot across new england they're hanging posters that the board are thirty in the store and they're walking out of the job as with the market basket stores have empty shelves all over they're all apocalyptic like no one put in them for a while and unfortunately some employees will gotten fired as the for doing that but it's really this unprecedented event where all of these all these the points are really supporting their c.e.o. and we just don't see that and more right i think that's really just as so indicative about the entire system of modern corporate structures i

arthur t. demouals to the family business. >> and words cannot express how much i love you. ( cheers and applause ). >> reporter: workers stopped supplying the chain's 71 stores after demoula's was pushed out by relatives in june. employees feared new management would roll back benefits, such as bonuses and college scholarships. customers joined the protest, too. >> no one will ever walk out. 20,000 people walk out for one man, and we did, and he came here today-- love you, artie. you're the best. >> reporter: the workers and others around the country viewed the rebellion as a victory of people over profits. >> yay! i'm so happy you're back! >> reporter: but masket basket has lost millions in sales and needs to spend millions more to restock shelves. demoula's also has to pay $1.5 billion for the company. it's a tall order in a business where profit margins are tight but freight handlers can faf believes in masket basket. >> the customer support is incredible. we know they're coming back, no qu

early read it by billion dollars right now and arthur as he has been on the board really felt like arthur t. with heating and. down making all those great profit out keeping them down man guy who got to rape and pillage more. and i mean i mean how did people respond to the ousting well that's the part so everyone here is in this company right we're hearing all the bad thing all the time in the market basket case completely different everyone is the already employed by the thousands are coming out and protesting in all of the parking lot across new england they're hanging posters that they the board are thirty in the store and they're walking out of the job as with market floors have empty shelves all over they're all apocalyptic like no one put in them for a while and unfortunately some of gotten fired it's the wording that but it's really the unprecedented event where all of these all these the points are really supporting their c.e.o. and we just don't see that and more right i think that's really just as so indicative about the entire system of modern corporate structures i mean laurie i

we will cooperate with arthur t. >> we have to say we want to leave it there.ng, you have made your loyaltys clear to everybody in this country. it's one of the more unprecedented showings, in fact, that we've seen. so we really appreciate your explaining to us why it's worth it and arthur t i'm sure is watching closely as well um up there at market basket. thank you, steve polanco was the former manager at this chain. >>> we have breaking news from the fda on a new drug to treat ebola. >> this is news on tekmura. the stock has been halted. it's modified the clinical hold in testing to a partial clinical hold which potentially would enable it to be used for ebola patients. the company is say anything a press release it just crossed t. stock is halted. it will be reopening at 15:15, a modification on the ebola program to a clinical hold. kelly. >> meg, thank you, that's one to follow up. next, we wrap up the day it was and ask our panel which one would be willing to resign if the ceo got the boot ewill be talking about a developing situation there. we'll be righ

♪ [ cheers ] >> arthur lovingly known as art y t, has been re ireinstated.eived a warm welcome from employees and customers who have fired. >> all i can say it's great to be back together again. [ cheers and applause ] >> many of market basket's employees boycotted and protested the 71 stores when arty t was ousted by his cousin. the reason, he was revered for being good to the employees . he covered the medical bills of one sick employee. one loyal supporter is an office manager in a massachusetts location, in store number 10. she has been there for 30 years. she considers him a member of her family, even remembering him visiting her late husband while he was sick at massachusetts general hospital. she has been seen out there protesting for arthur's return. mary jane thank you for being with us. when we had you on a few weeks ago, you were really upset. and now you are grinning from ear to ear. >> i am. i am so happy right now. >> tell me when you heard about this what did you and your colleagues talk about? news? >> yeah. >> i was home last night. we had s

t. kept the prices low. and after months of negotiations and worker action, arthur s. supporters have agreed to sell artie t. their shares. welcome back, artie t., and congratulations, employees of market basket. at least someone had a good summer. that is "all in" for the evening. "the rachel maddow show" begins now. >>> my extended family is very, very invested in the market basket thing. it's sort of the biggest thing that's happened to my family in years. >> it's a great story. it's like the arab spring over there right now. >> yes, exactly. >> i can't get over it. >> in new england, market basket is bigger than every other story in the country combined. i know it, man. thanks. thanks to you at home for staying with us the next hour. there's a lot to come on the show tonight regardless of market basket including the president making a dramatic and much anticipated afternoon announcement today in which he said we are not going to freaking war in syria, you guys. will everybody please shut up about we're going to war in syria? i never said we're going to war in syria,

t. kept the prices low. and after months of negotiations and worker action, arthur s. and his supporters have agreed to sell artie t. their shares. welcome back, artie t., and congratulations, employees of market basket. at least someone had a good summer. that is "all in" for the evening. "the rachel maddow show" begins now. >>> my extended family is very, very invested in the market basket thing. it's sort of the biggest thing that's happened to my family in years. >> it's a great story. it's like the arab spring over there right now. >> yes, exactly. >> i can't get over it. >> in new england, market basket is bigger than every other story in the country combined. i know it, man. thanks. thanks to you at home for staying with us the next hour. there's a lot to come on the show tonight regardless of market basket including the president making a dramatic and much anticipated afternoon announcement today in which he said we are not going to freaking war in syria, you guys. will everybody please shut up about we're going to war in syria? i never said we're going to war i

. >> such a mouth would put arthur t. back in management the extent of his role is up in air.ng was supposed to happen saturday night but it was called off. both sides of the family after they couldn't agree on the terms of the sales. >>> okay, poor credit. no problem. while that sounds like a used car commercial, it's also the truth about buying a car in america right now. i'll look at what could be the dark side of that reality coming up. plus how a stalled economy has led to a big shake up in france. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al

arthur t. the power of the people this summer after the board of directors ousted him in june. market basket employees who liked their boss they received above average compensation and benefits. they had walk outs and boycott to demand his reinstatement. customers fold. it cost the chain millions of dollars. today that impressive coalition won. >> we are all equal. [ applause ] >> the public watched in awe and admiration. >> that wraps up things here for this edition of ronan farrow daily. before we go, allison lunder lundergan grimes will be on the last word. >>> but now it's time for the reid report with my colleague joy reid. what have you got coming up? >> i'll see you in about an hour. in the meantime next the reid report, the security council is meeting to hear claim russia invade ukraine's borders. >>> then an update on isis as the u.s. tries to figure out how to deal with that terrorist enemy. >>> also a massive petition delivered to the white house demanding justice for michael brown.

now, arthur t. demoulas will buy the majority stake in the chain from his cousin for $1.5 billion. he celebrated with employees today in tewksbury, massachusetts. the battle for control ultimately cost the grocery chain millions of dollars in lost revenue. on wall street today, stocks edged lower after the latest spark in the ukraine crisis. the dow jones industrial average lost 42 points to close at 17,079. the nasdaq slipped nearly 12 points to close at 4,557. and the s&p 500 dropped three points to 1,996. the national football league is getting tougher on domestic violence. commissioner roger goodell announced today players will be suspended for six games for a first offense. they'll be banned outright if it happens a second time. goodell was criticized when he suspended the baltimore ravens' ray rice for just two weeks for allegedly hitting his fianceÉe. today, he acknowledged he "didn't get it right." still to come on the newshour: russian troops advance into ukraine, speeding up human trials of a new ebola vaccine, providing for unaccompanied child migrants, reinventing chica

. >> such a mouth would put arthur t. back in management the extent of his role is up in air.eeting was supposed to happen saturday night but it was called off. both sides of the family after they couldn't agree on the terms of the sales. >>> okay, poor credit. no problem. while that sounds like a used car commercial, it's also the truth about buying a car in america right now. i'll look at what could be the dark side of that reality coming up. plus how a stalled economy has led to a big shake up in france. >> al jazeera america presents... labor day marathons >> our government is allowing an invasion >> our most acclaimed series.... back to back to back... toughest place... >> i call that a lot of hard work for next to nothing >> the system... >> a justice system run by human beings can run off the rails >> and borderland... >> a lot aof people haven't got a clue what goes on near the border >> al jazeera america presents labor day marathons >> this is not over... >> start with one issue education... gun control... the gap between rich and poor... job creation... climate chan

. >> such a mouth would put arthur t. back in management the extent of his role is up in air.ng was supposed to happen saturday night but it was called off. both sides of the family after they couldn't agree on the terms of the sales. >>> okay, poor credit. no problem. while that sounds like a used car commercial, it's also the truth about buying a car in america right now. i'll look at what could be the dark side of that reality coming up. plus how a stalled economy has led to a big shake up in france. >> on techknow... >> so, this is the smart home... >> saving the environment >> the start point for energy efficiency, is to work with the sun... >> saving you money >> we harvest a lot of free energy >> and so we're completely off grid here >> how many of the appliances were almost a little too smart for us? >> techknow every saturday, go where science, meets humanity. >> this is some of the best driving i've ever done, even though i can't see. >>techknow >> we're here in the vortex... only on al jazeera america >> start with one issue education... gun control... the gap betwe

the two cousins, arthur t. ran the stores until he was fired six or seven weeks ago.d off the job in support of arthur t. why? because they knew him. more importantly, he knew the workers. he would go through the stores. he would know their names. he would know something about their families. hundreds of workers. and they stayed off the job in support of him. he is the victor. >> wow. >> i can't think of -- >> i can't either. >> i can't think of something else ever happening. >> it's great. fantastic. >>> let's talk about the midterm elections and the big question for the mid terms, how will the president's approval rating impact voters? it turns out it may be as simple as throw the bums out. >> i think it is. >> here is derrick hits. he has the numbers in the mojo polling place. >> reporter: the popular prediction heading into this fall's midterm election says with the president's approval ratings in the cellar the end results may sink the democrats in congress. in looking at the polling data over the past year, there may be a different theme emerging. the president'

arthur t. wanted lower prices for customers. the dispute got the attention of the area's politicians. governor patrick of massachusetts and the governor of new hampshire entered negotiation to say help broker a deal. they and i should joint statement saying they are delighted the parties reached an agreement. workers rejoiced. >> it's finally here, we can get back to work. artie's in charge. we have no more worries. >> the company says the employees who walked off the job in protest can return to work without penalty. now that arty t. is back, business could be back to normal today. they have 70 stores across three states. >> parts of the country are once again going to be dealing with storming and in some cases severe weather today. >> for more, we turn to our meteorologist. >> it's the storm which is over the southwest, which is now moving, so taking the severe weather with it, here's the spin. an area of low pressure across the southwest has moved now and now will cross areas in denver and to the east with severe weather. we

t-shirt. fox's arthur chen has the story. >> reporter: one proud family here in new jersey this past weekend wasause to celebrate. birthday of their two boys both 10 year old twins. so their dad iraqi war veteran decided that tack them to celebrate were you an hour from here at sick flags great adventure what he got instead he says was a fight he was not expecting over his t-shirt. >> security guard stopped me right away. said you can't wear that shirt here. i thought he was joking. >> mario, is a towering iraq war veteran his term serving in the marines. a couple of lines on his t-shirt app pushed him. >> it trade to plead my case. i'm military much this share means lot to me and the guy is like i don't care you can't wear that here. >> this is what he was wearing a t-shirt supporting a military foundation, assault rifle and keep calm and return fire low go on the front. he asked to leave by sick flags staffers. >> my kids didn't understand what was going on. if they approach me, if they were like, sir, we'll accommodate you get you another shirt, don't worry about it, sit tight you can't go in

arthur ashe. that as kind of the -- as richmond became a more diverseci city, people argued there should be something on monument avenuen that does not reflect that segregationist past.ue tesult was this arthur ashe statue, which is pretty big. not as big as jeff davis, but it's pretty big. it's pretty large. so moving away from virginia, t though, i'm sort of curious. yeah, matt -? >> in doing a paper, i actuallyi came across an article that was in the southern -- southeastern geographer, which is a weird place to find a history article and the article explored the symbolic meaning of lee to the city. this is about richmond. w it is now mostly as african-american. and the argument was that, i gu guess they had re-done the canal area.th there's this big mural of robert e. lee there.al and it's like the there. african-american population lie demanded that it be taken down. and so, it does seem like there is a real expression of political power in that city isa now. i wonder if that came out when you were visiting. >> well, it's an interesting place. it does come up. if you go, i also highly ighly recommend the museum of the of confederacy. the museum of the confederacy it

arthur ashe stadium. notice who is sitting behind him and who he saved from that tennis ball. >> listen, he was so smooth on it. he-tyou didn't reach for it, gayle. >> no, i knew alec had it. >> how did he do it as a former boy boy, anthony mason. >> you were a ball boy? >> as a youth i was a ball boy. >>> welcome back to "cbs this morning." we've got tennis on the brain here. ahead in this half hour, norah and serena williams hit the court at the open. >>> plus, an app for your appetite. meet the young hungry designers behind push for pizza. their one-touch syst come to your door step with just a click. my kind of service. that's ahead. >>> and right now it's time to show you some of the morning's headlines. "the washington post" tells us about a special nail polish that could detect date rape drugs in your drink. you put your finger in your drink and if it's tainted it will change color. >>> the counterculture burning man festival. it turned the black rock desert into a muddy mess. better weather, though, is expected today. >>> the "los angeles times" looks at the most expensive comic book ever. the original super

arthur t.demoulas was president for six years. they have rallied to his defense but so far they're sticking to their plan. the former president they call arty t reinstated. i've been with the company for 13 years. >> reporter: for more than a century market basket had been a family run company, albeit one in a 20-year feud. the demoulas family controlled it. president arthur t.demoulas was fired by arthur s. they say it would help to maximize its potential and pave the way for continuing success in the fuehrer. shortly after, protests erupted and have continued every week since. instead of stocking grocery aisles, they're spending hours on picket lines. joe schmidt was a market basket manager for 27 years. he's one of eight employees fired by the grocery chain after helping to spearhead the protest they are planning to sue the company. >> i know at the end of the day i did the right thing. i knowky look my children in the eye and say, hey, i took a stance at something. >> there are 71 market baskets. today customers are greeted with empty shelves because even the truck drivers who deliver groceries have gone on strike. >> we're not receive an