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canoeist52

(2,282 posts)

7. Deeper information including history of the Demoula family business.

Sun Jul 20, 2014, 11:35 PM

Jul 2014

http://www.lowellsun.com/breakingnews/ci_26017571

"LOWELL - One year after Demoulas Super Markets Inc. CEO Arthur T. Demoulas lost majority support on the board of directors to his estranged cousin, Arthur S. Demoulas, the board on Monday morning fired the chief executive.

Arthur T. Demoulas, who took control of the company in 2008, had increased the number of its Market Basket grocery stores by 15, to 71, while annual sales topped $4 billion and the number of employees grew to more than 20,000.

The board, The Sun has learned, also fired Bill Marsden, Market Basket's operations director, and Joseph Rockwell, vice president of grocery sales and merchandising.

A receptionist at the company's headquarters on East Street in Tewksbury told a Sun reporter there would be no public comment before asking the reporter to leave. "

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Something interesting happening in Massachusetts - Demoulas Supermarket [View all] Justice Jul 2014 OP

This is a very interesting (and disturbing) story. TheCowsCameHome Jul 2014 #1

This is my go-to market.... catnhatnh Jul 2014 #2

Mine too, and I will be sad to have to go to the second cheapest local store, which is Hannaford. canoeist52 Jul 2014 #6

Good grief! If your employees are happy, and your customers are happy and giving you 1monster Jul 2014 #3

I haven't even read the article and I'll bet......... socialist_n_TN Jul 2014 #4

This is a story of greed and family disfunction. canoeist52 Jul 2014 #5

Deeper information including history of the Demoula family business. canoeist52 Jul 2014 #7