Demoulas family

[2] During the Great Depression, Demoulas would give families who were struggling financially a free piece of bread with ham or allow them to purchase groceries on credit.

[1] The Demoulases had six children; John (1915–2000), George (1919–1971), an unnamed baby girl (1919–1919), Telemachus "Mike" (1920–2003), Ann (1922–2022[3]), and Evangelos (1925–1930).

[2][5] He brought in many friends from the Greek community, including many people from the Acre, to do accounting, banking, and buying for the company.

After the race, he and his friend and former Pacific teammate JJ Lehto were driving from the Circuit Île Notre-Dame to downtown Montreal when Demoulas' car was hit by a driver who had run a red light.

He continued to work for DeMoulas Super Markets while in college and eventually rose to the position of assistant produce director.

Following his family's legal victory over Mike Demoulas, Arthur S. was given a seat on the Board of Directors, but never returned to the chain's daily operations.

In 1974, one year after he graduated from high school, he joined DeMoulas Super Markets Board of Directors.

During the same time, competitors Stop & Shop and Shaw's closed many of their stores due to financial troubles.

Market Basket also faced new competition from discount-grocer Wegmans[19] Arthur T. was known for his ability to remember his employees names, birthdays, and milestones, attending many of their weddings and funerals, checking in on ill workers, and asking about the spouses and children of his employees.

[17][20] He was seen as a father figure by a number of his employees and compared to It's a Wonderful Life protagonist George Bailey for his willingness to put people over profit.

[21] However, Demoulas' opponents criticized him for being "openly defiant" of the board of directors and having a "dictatorial" management style.

[19] He was fired by the board of directors in June 2014, but returned to the company in August after months of protests by Market Basket employees and customers led the family of George Demoulas to sell their shares to Arthur T. and his sisters.

He and his wife Maureen have three daughters; Madeline, Irene, Mary and; one son Telemachus Arthur [17] In October 1989, Evan Demoulas was notified that the Commonwealth of Massachusetts was seeking back taxes on $1 million worth of stock he had sold three years earlier.

They claimed they had trusted Mike to take care of the family after George's death and that he exploited this trust in order to have them sell all of George's real estate and 84% of his shares in DeMoulas Super Markets to members of his own family pennies on the dollar.

However, once the company began paying dividends in 1988, the family saw how much money they could have made if they had kept their shares and sought to "rewrite history" in order to regain what they had sold.

Lopez awarded George's family about $206 million for dividends on stock that had been improperly diverted and 50.5% of the company.

[23][24] However, a new trial was granted after a woman came forward with new evidence – a recording of her boyfriend admitting to bugging the office for Arthur S. Demoulas.

The case was damaged though when the woman admitted to being a crack cocaine addict who received about $500,000 in housing and other expenses from the family of Telemachus Demoulas and the man on the tape testified that he had been lying during the recorded conversation.

In the civil case, Judge Rya W. Zobel ruled that the trustees' actions were "wrong but not corrupt" and that the settlement with the Department of Labor was "an adequate remedy".

[29] In 1997, the Massachusetts Supreme Judicial Court upheld a lower court's ruling that Arthur T. Demoulas had presented the DeMoulas Super Markets Board of Directors with “misleading, inaccurate, and materially incomplete” information in order to receive a rejection and keep his cousins from receiving any of the profits from Lee Drug, a pharmacy chain he started after the board rejected his proposal to start a pharmacy division of Market Basket.

One example cited in the memo alleged that Arthur T. had recommended that the company pay $20.9 million to purchase a property in Bourne, Massachusetts, owned by an entity in which he was a major investor.

He also accused Arthur T. of paying "grossly excessive fees" to Retail Development and Management Inc., a real estate firmed owned by his brothers-in-law Michael Kettenbach and Joseph Pasquale that oversaw Market Basket's real estate and helped it develop new stores.

He argued that Arthur S. trumped up the charges in order to take control of the company and pay himself and the other shareholders more money.

Arthur T. also defended his arrangement with Kettenbach and Pasquale, which he said allowed Market Basket to purchase properties without alerting its competitors, thus avoiding a bidding war and saving the company money.

[30] The Board of Directors hired Mel L. Greenberg, a retired judge, to investigate Arthur S.' claims.

Greenberg found that there was no wrongdoing by Arthur T. in the purchase of real estate (including the Bourne property) that the fees paid to Retail Development and Management were not excessive.

[32] In response to his firing, six high-level managers resigned, and 300 employees held a rally outside Market Basket's Chelsea, Massachusetts, flagship store on June 24.

[33] Beginning on July 18, 300 warehouse workers and 68 drivers refused to make deliveries, which left store shelves severely depleted.