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Demoulas's opponents criticized him for being "openly defiant" of the board of directors and having a "dictatorial" management style. [17] In a 2010 memo to the Board of Directors, Arthur S. Demoulas accused Arthur T. Demoulas of "plundering" millions by paying millions in excessive real estate prices for new Market Basket store locations.
In 1938, Demoulas either dropped out or was expelled from high school and went to work for DeMoulas Market full-time. In 1954, he and his brother George purchased the business from their parents. [2] Demoulas ran the day-to-day operations of the business and found locations for new stores. [5]
The next day, an estimated 5,000 people rallied outside the Market Basket store in Tewksbury. Leaders of the movement said that the protests must now head to the stores. Employees, as well as state politicians, began to call for a boycott of Market Basket stores. By mid week, Market Basket's sales had fallen about 70%.
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