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We Are Market Basket by Grant Welker, Daniel Korschun

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17

Lessons

If there is one thing that most business people seem to agree on these days, it’s that a company is owned by its shareholders. And so the wisdom goes, it is the responsibility of everyone affiliated with the company to make sure that it is run in the best interest of those shareholders and owners. This line of thinking is often presented as a simple fact—an article of faith.

The Market Basket story may give pause to rethink this idea.

Actually, Market Basket is but one piece of evidence in an ongoing debate that has been going on for decades. Way back in the 1930s, two heavyweight scholars—one from Harvard and the other from Columbia—squared off in the pages of the Harvard Law Review. It was an intellectual wrestling match between ...

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