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Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died ...
In April 1978, he and future Home Depot co-founder Arthur Blank were fired during a corporate power struggle at Handy Dan. [11] [12] In 1978, they co-founded the home-improvement retailer Home Depot, with the help of merchandising expert Pat Farrah and New York investment banker Ken Langone who assembled a group of investors. The first two ...
Marcus was the CEO of Home Depot until 1997 and served as its chairman until he retired in 2002. Bank retired from Home Depot in 2001 after serving as president, CEO and co-chairman.
Marcus had dreamt of a one-stop shop for do-it-yourselfers. At age 49, Marcus, along with Blank, founded Home Depot. Investment banker Ken Langone helped to secure financing to get The Home Depot started, according to the company. The first Home Depot opened in Atlanta the following year and by 1981, the company went public and began selling stock.
Former President Trump on Tuesday mourned “legendary entrepreneur and political genius” Bernie Marcus, the Home Depot founder and prominent Republican mega-donor who died Monday at the age of 95.
Bernard Marcus, one of the founders of Home Depot, began his retail career when he convinced the Hubschmans to let him operate the cosmetics concession at a Two Guys store in Totowa, New Jersey. He eventually was put in charge of first sporting goods and the major appliance department. He left the company prior to Herbert Hubschman's death.
Bernard Marcus, the co-founder of Home Depot, has died at the age of 95. The company confirmed Marcus' death on Tuesday. Along with Arthur Blank, Marcus opened the first two Home Depot stores in ...
Marcus and Blank looked into buying Homeco, but the business had financing issues. When Homeco went out of business, they hired Farrah to help them launch Home Depot. He was offered a position as chief merchandising officer. [3] In the early 1990s, Farrah left Home Depot to pursue his own interests. He rejoined in 1996 and retired in the early ...