Why NOT The Best
Transformational Kaizen Teian Leadership
Lead People Manage Risk Grow Your Enterprise
Volume I Issue 2
Arthur T. Demoulas Is George Bailey
During the great recession/financial crisis
Arthur T. Demoulas (ATD) became CEO
chief executive officer of DeMoulas Super Markets, a century old family business where
a human being serves another human being.
“Blood makes you related,
But loyalty makes you family”
To begin with, ATD knew almost all of his employees on a first name basis. For example, when they were sick, ATD visited them in the hospital. Similarly, when a family member passed he attended the funeral. Moreover, when an employee got married ATD was at the wedding.
In six years, through distributive leadership the number of employees went from 14,000 to 25,000.
Starting with $1.5Billion, revenue almost doubled.
Employees enjoyed:
*Profit Sharing after 1,000 hours of work
*Healthcare
*Guaranteed Paid Sick Leave
*Compensation almost twice the minimum wage
*Family college funds
Low prices/High salaries commitment to profitability
Long-term retention through continuous ongoing training reduce costs, turnover/churn rates
NO loyalty cards
NO pharmacy
NO self-checkout
NO official website
NO social media
June 23. 2014 conflicts in a century old family business came to a boiling point when the board
of directors fired ATD. Simultaneously, in solidarity, senior level managers resigned.
25,000 employees rallied for ATD’s reinstatement.
2Million shopped elsewhere
and brought their receipts to paste
on the windows to demonstrate sales lost.
Finally, August 27,2014 DeMoulas Super Markets reached an agreement to sell the
remaining 50.5% shares to ATD for $1.5Billion
DeMoulas Super Market continued to expand.
Today, DeMoulas Super Markets has 95 stores
in the four New England states of Massachusetts, New Hampshire, Maine and Rhode Island.
We Are Market Basket
The story of the unlikely grassroots
movement that saved a beloved business
Daniel Korschun& Grant Welker
Jeffrey (dew cane) Duquesne, CPC
Certified Professional Consultant
LinkedIN.com/in/JeffreyDuquesne
JeffreyDuquesne@Protonmail.me