
Gerry Nutter
InsideLowell
Special Guest Contributor
InsideLowell
InsideLowell
InsideLowell
InsideLowell
InsideLowell
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I am very pleased and excited that Ted has begun the “Inside Lowell” blog. His knowledge of Lowell politics and issues is unparalleled. He loves the city deeply, and whether you agree with him or not, you can’t argue his passion for the city. He’s also a very strong advocate of local law enforcement. Upon my ascension to the position of Superintendent of the Lowell Police Department, we immediately began a partnership where each and every week, myself or another Command Staff officer, would appear at the WCAP radio station studio, or call in by phone, and engage the citizens of Lowell in frank conversations about issues affecting the city’s neighborhoods. This collaboration enhanced the community policing efforts of the Lowell Police Department and created the opportunity for the citizens of Lowell to speak directly with their police chief. I will always be grateful for Ted’s work on behalf of the Lowell Police Department.
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Did you read the ruling? If you do, you will see that the narrative of the “greedy” sisters spun by Arthur T is completely false. The court ruled as it did based on evidence presented at trial. On multiple points, the ruling explicitly says that Arthur’s testimony was not credible. The court did not dispute that the company was profitable under Arthur, but his repeated behavior in matters of governance, despite multiple opportunities given to him over several years to change those behaviors, compelled the board to exercise their fiduciary duty to act in the best interests of the company. Arthur’s sisters bailed him out in 2014 by agreeing to buy the company from Arthur S Demoulas. They rightfully own a significant share and should have a say in its future, which according to the evidence, Arthur refused to do. Mike Demoulas was their father, too so Market Basket is their shared legacy, despite Arthur’s view that he and his family were entitled to it all because he was the CEO. I am sure he was very well compensated for his work as CEO, as he should have been and the next CEO will likely be well compensated, too. Read the ruling and then decide who was greedy.
- Annmarie