Arthur T. Demoulas has a recorded history of loaning money to people who use land he covets for collateral then telling the about to be duped landowner one thing while doing another ultimately leading to foreclosure with penalties and fees and putting the land in Artie T.’s portfolio at a cheap price.
He also is on record as having lent money and promises of Market Basket business to a small business in return for a considerable piece of equity but then didn’t provide the Market Basket business as promised thus forcing the original partners to starve and sell their shares to Artie T. at a discount.
Then we have the SJC describing Artie’s attempts to pay someone over 2 million dollars ($2,000,000 – via loan forgiveness) to commit perjury by falsely testifying that Arthur S. paid him to install listening devices in Artie T.’s office. Gut that? (That’s criminal by the way and if you or I did it…)
And let’s not forget a couple of other SJC opinions outlining Artie’s Geppetto using his millions to pull the strings of a few of the greedy Pinnochios out there in his elaborate and expensive blackmailing attempt of a struggling young attorney.(That’s criminal by the way and if you or I did it…)
How many sinister things has he done that he’s gotten away with? Or didn’t get away with it? Think about it. He lives his life by taking advantage of people’s greed.
We see store managers allowing the plastering of those nightmarish Stalinesque posters of Artie T. in store windows and giving statements to the press knocking current management.
Now we see vendors telling the media they can’t do business with current management because they were overpaid and Artie T. was easy to deal with. Hmmm
We also know he hired top notch public relations/issues management/spinmeisters/mouth piece/lead-and-feed-the-lazy-incestuous-local-media firm Rasky Baerlein over a year ago to help create this cult of personality.
Workers, customers, politicians, vendors and others are being served up daily to the slacker “journalists”. This takes an organization. It costs money. Far from organic. Needs lots of pesticide so Artie T. is making it and Rasky has the local scribes spreading it. Like the tools they are.
Employees giving interviews threatening their bosses. Vendors going out of their way to publicly indict a customer for incompetence because they double paid a bill.
And 99.99% of local press and pundits all in with Artie T. BIZARRE!!!
Artie T.’s problem right now is financing. He knows all the dirty tricks nefarious creditors and debtors can pull but so doesn’t the other side because they’ve been forced to deal with him for years. He’s probably demanding terms with obscure but gaping holes while scoffing at legitimate business terms a person with his record should expect.
BTW, this whole thing about Market Basket never recovering is the biggest bull shit to come along since the last time larry Lucchino opened his mouth.
It will thrive when it comes back.
P.S. I forgot about Artie T. and his father stealing his cousins’ half ownership in the company. Really, would you do business with this nut?
Unless you want Artie T. to come to your house and tell you he just bought your mortgage from the bank and is foreclosing because under his interpretation of the terms the grass is too high but if you want to fight it you will have to hire very expensive lawyers to match his very expensive lawyers you will follow me on twitter. Gut that?