Monday, September 26, 2016

Charles "Cork" Walgreen III dead at 80 - drugstore CEO who grew drug store chain - His son Tad Walgreen and Tad's wife Loren Walgreen both dies from drug overdoses

Charles Walgreen III, who expanded his grandfather's drugstore chain into an $18 billion-a-year company by 1999 when he stepped down as chairman, has died. He was 80.

He died Sept. 26 at his home in Lake Forest, Illinois, according to a statement from Deerfield, Illinois-based Walgreens Boots Alliance Inc. No cause was given.

He led Walgreen Co. as chief executive officer starting in 1971, adding the post of chairman in 1976. He stepped down as CEO in 1998 and retired as chairman the following year. During his tenure, the retailer reported 23 straight years of sales and earnings increases and quadrupled the number of stores to more than 2,400.

It was a big turnaround from 1970 when, according to trade publication Chain Store Age, Walgreen had "assumed many of the characteristics of the moribund A&P chain."

The company was involved in so many unrelated activities -- including Wag restaurants and department stores in Mexico -- that drugstore managers "were sort of fighting for attention," Charles Walgreen said, according to a 2000 story in Drug Store News.

Walgreen's strategy was to refocus the chain on the drugstore business and modernize it, focusing on pharmaceuticals, health and beauty aids as well as photo service. He reconfigured the supply chain and upgraded the stores. Gone were the in-store optical centers and grocery aisles along with the company's restaurants and south-of-the-border retailers.

By the 1980s, Walgreens stores were appearing in urban areas around the country, often concentrated with several stores in a relatively small area. The 1,000th store opened in 1984 and sales passed $10 billion in 1995.

Walgreen in 2012 bought a 45 percent stake in Bern, Switzerland-based Alliance Boots Holdings Ltd. for $6.7 billion and in 2014 paid about $15.3 billion for the remainder of European pharmacy chain.

READ MORE ABOUT Tad Walgreen and Tad's wife Loren Walgreen both dies from drug overdoses

29 comments:

Anonymous said...

Walgreen's put out their Halloween candy in August. It will rot before 10/31

Anonymous said...

bourbon street will name a condom dispenser in washrooms for him

Anonymous said...

Only the strongest and most intelligent survives. It is those that adapts the best survives

Anonymous said...

bourbon street will ship gator bites to all walgreens

Anonymous said...

Charles Walgreens was weak. Too much drinking at TR's

Anonymous said...

bourbon street will cater to funeral.

Aldo's proctologist said...

that stinky fucker needed that cork up his kosher ass. whatever crawled up his ass and died finally got him.

Anonymous said...

It's both die, not both dies, you fuckin blithering Idiot.

Anonymous said...

It's both die, not both dies, you fuckin blithering Idiot.

Anonymous said...

Fucking junkie yet again!

Anonymous said...

Only the strongest and the most intelligent survive , it's those who best adapt to change that survives
Free gator bites at Bourbon street for all attendees
Bourbon street will cater event
Bourbon street will have food truck at cemetery
What's this got to do with anything? Bourbon St. Preparing for football Sunday CPD Loafers and bad tippers onslaught.
Free food or beer?
I'm not going on a Sunday unless they have free food, beer, or t-shirts
Bourbon street to name a new appetizer after him, gratituity already added for their needy waiters fund
Hold after party at Bourbon St. Then when get kicked out for being cheap fucks, head to TR's and meet fat wive's there.
Picture looks like the cpd officer i saw at Bourbon street Friday night
Bourbon street will relocate booths to event
CPD lost a friend, back to Bourbon street
Looks like he came from Bourbon street
Shirt hanging out, belly way out, etc
He worked at 115 Bourbon street in cpd no tipping section

Anonymous said...

Only the strongest and the most intelligent survive , it's those who best adapt to change that survives
Free gator bites at Bourbon street for all attendees
Bourbon street will cater event
Bourbon street will have food truck at cemetery
What's this got to do with anything? Bourbon St. Preparing for football Sunday CPD Loafers and bad tippers onslaught.
Free food or beer?
I'm not going on a Sunday unless they have free food, beer, or t-shirts
Bourbon street to name a new appetizer after him, gratituity already added for their needy waiters fund
Hold after party at Bourbon St. Then when get kicked out for being cheap fucks, head to TR's and meet fat wive's there.
Picture looks like the cpd officer i saw at Bourbon street Friday night
Bourbon street will relocate booths to event
CPD lost a friend, back to Bourbon street
Looks like he came from Bourbon street
Shirt hanging out, belly way out, etc
He worked at 115 Bourbon street in cpd no tipping section

Anonymous said...

Fuck walgreens....I work there in the mid-eighties for 4 years and attempted to get into management but because the district manager for some reason didn't like me I was denied an opportunity....but they were big on affirmative action hires...all of which that I saw promoted embezzled ...I remember one day work as a clerk and the local police detective came in enter the assistant manager out in handcuffs even after all this they promoted affirmative action people that eventually would get locked up for fired for stealing...I left the company finish my degree thank God I was able to getdecent job with a pension....however to this day I will not buy one thing from Walgreens nothing I remember one time I went to the emergency room and they wrote me a prescription could have been filled at Walgreens cheaper but I refuse to purchase from them and had the hospital's Pharmacy fill it for three times as much and paid out of pocket...

boycott Walgreens they also support the groid via AA....

Anonymous said...

Couldn't have done it without scarlotta.

Anonymous said...

So you work your employees on Christmas and now you're dead.

Anonymous said...

I like it when Shaved posts big serious articles to make TNUSA look like a real blog instead of a transcript of conversations between ambiguously gay street crazies.

Aldo Raine said...

Fuck him and Walgreens. I stopped spending my money there when the one by my house quit selling beer. Are they all alcohol free? Or have they changed course when they realized they were losing cash?

Anonymous said...

@5:26PM, all drugstore chains fuck their employees
so no one gets retirement benefits. They hire Niggers
to get Federal Tax Breaks, even though the Niggers
are slower than the White employees.
As for Tad (Pole) Walgreen, DOA @36 from Cocaine
O.D.: where did the poor chap get the money to
purchase such an Expensive Drug?
The Walgreen family is haunted by tragedy because
they Fucked so many employees out of money,
money they used to "grow the business."
Fuck the Walgreens: Catholic JEWS if you ever saw them.
The Old Man looks fucking cross-eyed: either a fucking birth
defect or fucked up on alcohol. Role models for NOBODY.
Expanded into Mexico? That shows the reach of their greed.
Rot the Fuck in Hell Walgreen Bastards. Fuck your Stores.

Anonymous said...

Ie not you, you fucking stroke.

Anonymous said...

Cork had many stoppers up his ass.
A greedy business success, his family was in
shambles. Tad could have taken over, but
Cocaine took over Tad. The employees Cursed
This Fucking Greedy Pig Family.
They were a lot like Wal-Mart: put a lot of
small business men OUT of business: the
independent corner drugstore: they forced the
guy out of business. Father had NO control over
his son. Tad was a spoiled, entitled brat, out of
control who put 20 to 30 grand in Cocaine up his
nose. An embarrassment to his father, he always had
to make up excuses why Tad was not working at Walgreens.
Cork knew Tad was a Junkie, but was powerless. Now even
the Rolling Stones can't make the Dead Cork Come. Too bad,
he did love Mick's wickie so much. Fucker even had tickets
for Desert Trip. He will be missed.......Fucking Right.

Anonymous said...

This Walgreen Family was Evil. pure evil.
Baptized a Jew child without telling the mother.
Just like the Corleone Italian Animals. Think the
Church can make everything better.
Cork was haunted by the Drug O.D.s.
He drank too much. He blamed himself, and in
that sense, he was right. Evil money hungry
bastard. So fucking perverted, he rubbed the
currency from the cash register all over his naked
body. I wish he had drug stores in Germany when
Hitler was around. Storm Troopers lived on Methamphetamine.
Cork's drugs would have been seized, and Cork sent to the ovens.
Take a shower first you fucking dirty filthy greedy drug store bastard.

Anonymous said...

Why the American public is fascinated with this
bootstrap Walgreen story I'll never understand.
They are NOT a mom & pop who made it big.
They got listed on NYSE. They sold stock to grow.
The neighborhood pharmacy can't do that. Walgreens
grew by putting independent ("we deliver") drug stores
out of business. In addition, they sold bread, milk, eggs,
o.j., ect. below grocery store prices as traffic builders to
draw the public into their stores. They wrote off the loss
on the corporate tax return. The small independent drug
store can't do that. So when all the small competition is
eliminated, the chains can charge whatever they like.
Remember America, you put them in that position.

Anonymous said...

Jolly Boy Corky dead with blood from drug overdoses
on his hands

Anonymous said...

They hate firemen.

Anonymous said...

You should have done the eulogy. That is beautiful man.

Mr. SouthSide said...

I can never figure out my rewards balance.

Anonymous said...

sept 26th at 526pa

Yes. You are right about this. I noticed this in the town I live in. Very few negros live in town but they all work at Walgreens. Fuck them. Boycott Walgreens

Anonymous said...

always thought Walgreens were Jewish but to my surprise they were north side Swedish Lutherans,real name was Wahlgrun but Americanized name we think to look like not yids,they became converts to Catholisim and they had a mansion on Longwood Drive in 022 that they left to the church and its now called the Cenacle and used for missions,bible study etc,,,just so you know,,

Anonymous said...

You can have all the money and still go down the drug toilet with drugs.

I too, don't go to Walgreens. Why do I need a savings card when I can go to Dollar Store and save. Period.

Was asking cashier on something and new black manager pulled her away right in the middle of my question!!!!!!!

I talk with my pocketbook. Never ever went back!!!