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Walgreen, grandson of Charles Walgreen Sr., who founded the Walgreens drugstore chain in 1901, began his career with the company as a stock boy in 1952. [1] [2] He earned a pharmacy degree from the University of Michigan in 1958 and returned to Walgreens, rising through the ranks to become president in 1969, CEO in 1971, and chairman in 1976.
His son Charles Rudolph Walgreen Jr. (March 4, 1906 – February 10, 2007) and grandson Charles R. Walgreen III both shared his name and played prominent roles in the company he founded. His daughter, Ruth Walgreen, married Justin Whitlock Dart , who left the Walgreens company after they divorced and went on to control the rival Rexall Drug ...
Charles "Cork" R. Walgreen III took over after Walgreen Jr.'s retirement in the early 1950s and modernized the company by switching to barcode scanning. The company also created larger-sized Walgreens Superstores and purchased the Globe Discount City chain of big-box stores from United Mercantile, Inc. in the 1960s. The Walgreen family was not ...
Learn about the former president and chairman of Walgreens, who led the drug store chain to growth and innovation. Find out his biography, legacy and donation to the University of Michigan.
From January 2008 to January 2010, if you bought shares in companies when Charles R. Walgreen III joined the board, and sold them when he left, you would have a -2.4 percent return on your investment, compared to a -22.0 percent return from the S&P 500.
Other notable graduates of the U-M College of Pharmacy include Josiah K. Lilly Jr., grandson of the founder of the Eli Lilly Company; John Gideon Searle, grandson of the founder of G. D. Searle; Charles Rudolph Walgreen Jr., and Charles R. Walgreen III, son and grandson of the founder of the Walgreens chain of drugstores; Gregory Peck, Sr ...
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Richard Thaler is a professor of behavioral science and economics at the University of Chicago. He is known for his contributions to behavioral economics, nudge theory, and libertarian paternalism, and won the Nobel Memorial Prize in Economic Sciences in 2017.