John Pepper, co-founder and former chief executive of the Boston-based Boloco burrito chain, stepped down in October after an investment deal fell apart in a dispute over control. In a memo to the 22-unit chain’s employees dated Oct. 18, Pepper explained that his resignation followed an ultimatum given to the board in a last-ditch effort to push the deal through. Incumbent investors, however, were unwilling to relinquish control of the company to the investment firm, which had ...

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