Fun facts, history, and trivia and about home depot. In his new book, i love capitalism an american story portfolio, an imprint from penguin random house, 2018, home depot co founder ken langone shares his journey from kid hustler to. Home depot cofounder ken langone on the early days of the. Billionaire businessman ken langone told fox business on friday young peoples views on socialism inspired him to write a book defending capitalism. How did it rise to become a onestop shop that has everything you could ever need for your home. Lowes companies incorporated comprises of chain appliance and retail home improvement stores across canada, the united states and mexico. In his new book, i love capitalism an american story portfolio, an imprint from penguin random house, 2018, home depot cofounder ken. Congratulations to mr ken langone for telling his life story with noholds barred. This is a business book about the founding and growing of the home depot.
New york wcbs 880 ken langone is the cofounder of home depot and a wellknown philanthropist whose name appears on nyu langone medical center. Billionaire cofounder of home depot is giving away 80% of. Home depot co founder arthur blank says exceo nardelli. An american story wcbs 880s pat farnack spoke with langone tuesday morning. Home depot cofounder ken langone wears capitalism on his. For a while, lowes resisted adopting the megastore format partly because its management believed the smaller towns where lowes. Its been 15 years since arthur blank stepped down as ceo of the home depot inc. Inside home depot is an unauthorized, behindthescenes look at the most successful retailer to come along since walmart. The company employs more than 27,000 canadian associates. In 1978 both he and future home depot co founder arthur blank were fired during a corporate power struggle at handy dan. Home depot responds to calls for boycott over co founder s support for trump bernie marcus said he was backing trumps 2020 presidential bid, prompting a backlash against the home. Jun 20, 2018 home depot had gone public on nasdaq in 1981 it later switched to the nyse, three years after he cofounded it and the tale of its origins is one of langones favorites. Langone mba 60, spoke to a standingroom only crowd of alumni, students, faculty and friends about his new book, i love capitalism. Today, the home depot canada is canadas leading home improvement specialty retailer, with 182 stores in ten canadian provinces.
Rabbi pinchas taylor sat down with him to discuss his life and insights into his success. The definitive guide to business in 1979, the cofounders of home depot. The 3 cofounders of the organization are pat farrah, bernard marcus, and arthur blank. At one time the owners were married to each other and got a divorce. Billionaire home depot co founder and noted philanthropist bernie marcus forever a feisty fella even at the youthful age of 90 has no plans to run from his. This book should be on everyones summer reading list and on the list of pbs great american read of top 100 books. In his new book, i love capitalism an american story portfolio, an imprint from penguin random house, 2018, home depot cofounder ken langone shares his journey from kid hustler to wall street shark and entrepreneur.
Whenever you visit the home depot, do you ever wonder how it started. Home depot co founder ken langone, 82, was born into a family with a lot of love, but not a lot of money. Electrical books howto the home depot store finder. He cofounded home depot and was the companys first ceo. Others, like home depot cofounder bernard marcus, pivot to peddling bogus covid19 treatments gassed up by the president. The story of ken langone, the visionary behind home depot. The company is headquartered at the atlanta store support center at 2455 paces ferry road nw. Blank family foundation with his wife, stephanie, and his children. Historical price to book ratio values for home depot hd over the last 10 years.
Home depot has split its stock times over the course of its history, though those. Now, langone is the author of a new book, i love capitalism. Home depots cofounder used to stock the shelves with empty boxes in the. Aug 24, 2018 home depot cofounder ken langone wears capitalism on his sleeve. Avid diyers, they envisioned a superstore that would offer a huge variety of merchandise at great prices and with a highly trained staff. Home depot co founder ken langone wears capitalism on his sleeve. We read about him taking ross perots electronic data systems. Home depot profile, history, founder, founded, ceo.
Investor, philanthropist, and cofounder of the home depot. Jul 11, 2019 home depot cofounder and billionaire bernie marcus is firing back at social media trolls issuing him vicious threats after he announced hed be giving much of his wealth to charity and also helping president trumps reelection campaign. We built the home depot for them, to provide them with the products, services and knowledge they need to create the homes of their dreams. Craig menear has served as ceo and president of the home depot since november 2014 and chairman since february 2015. Hd and now, the atlantabased companys co founder has opened up about how the board approached him. Marcus and arthur blank cofounded home depot in 1978 after theyd been fired from the same hardware store, handy dan, according to forbes. Get free 2day shipping on qualified books products or buy howto department products today with buy online pick up in store. Ken langone, chairman of invemed associates and co founder of home depot, joins squawk box to discuss what he thinks the effects of the increase in tariffs will be on the economy. Built from scratch by bernie marcus, arthur blank, bob andelman. Langone, who is the cofounder of home depot, is also an investor and. Home depot s most popular book is home improvement 123.
New york wcbs 880 ken langone is the co founder of home depot and a wellknown philanthropist whose name appears on nyu langone medical center. Bernie marcus, born to russian jewish immigrant parents in newark, nj, built himself up into an american billionaire businessman, and co founded the home depot. Atlanta, ga, 30339 in unincorporated cobb county, georgia with an atlanta mailing address. Multibillionaire home depot cofounder reveals why the company. In this edited excerpt, he reflects on selfmade success and how it is rarely so. The home depot cofounder bernard marcus endorsement of donald trump triggered an online drive to boycott the retailer. Founder and ceo of invemed associates and the co founder of the home depot, kenneth g. Home depot co founder ken langone had one major message to relay during an interview wednesday with fox business. Jul 24, 2018 in a very personal book, ken langone, financier, investor, philanthropist and cofounder of the home depot, describes his life. His father, who only made it to the eighth grade, was a plumber and his mother, who made it.
The 83yearold billionaire co founder of home depot ticker. The current price to book ratio for home depot as of april 17, 2020 is 0. Bernie marcus, born to russian jewish immigrant parents in newark, nj, built himself up into an american billionaire businessman, and cofounded the home depot. The home depot co founder, arthur blank, shares the story of when he and bernard marcus were simultaneously fired from their executive roles and how it served as the impetus to create the home. Home depot cofounder bernie marcus plans to give away. He said the number of people watching bernie sanders. The home depot s proposition was to build home improvement superstores, larger than any of their competitors facilities. Three of his coauthored books built from scratch written with the founders of the home depot, the profit zone with adrian slywotzky and mean business. The home depot was co founded by bernard marcus, arthur blank, ron brill, and pat farrah in 1978. An interview with home depot cofounder ken langone. Home depot billionaire wants to sell untested coronavirus cure.
The headquarters of the organization is located in cobb county, united states. History ofthe home depot 1978 april 14 bernie marcus and arthur blank were. Three of his coauthored books built from scratch written with the founders of the home depot. Why home depot cofounder kenneth langone is a frugal. Amongst the hardware chains in the united states and across the globe, lowes takes second place. How one company revolutionized an industry through the relentless pursuit of growth 1999 is a book about, as the name suggests, home depot, the largest home improvement retailer in the country, and perhaps the world.
Not me, says home depots billionaire cofounder inc. Home depot is one of the ten largest retail chains in the world, according to the annual global powers of retailing list compiled by deloitte. Billionaire businessman ken langone told fox business on friday young peoples views on socialism inspired him to write a book. May 17, 2018 business icon ken langone grew up in a workingclass family in roslyn heights, new york. The wife got a raw deal in the divorce so to get even she builds a lowes. Home depot responds to calls for boycott over cofounders. It is vividly described in langones new book i love capitalism. Billionaire home depot cofounder shreds trump haters in new. He currently owns two professional sporting teams based in atlanta, georgia, the atlanta falcons of the national football league and atlanta united of major league soccer. Home depots most popular book is home improvement 123. The home depot opened its 100th canadian store in thunder bay, ontario, in november 2003. The home depot didnt exactly get off to a flying start, langone writes in his new book, i love capitalism. The home depot craig menear chairman, ceo and president.
First released in 1999 to coincide with the home depots 20th anniversary, the book was written by founders bernie marcus and arthur blank. May 11, 2018 in his new book, i love capitalism an american story portfolio, an imprint from penguin random house, 2018, home depot cofounder ken langone shares his journey from kid hustler to wall street. Bob andelman is the author of 11 books, including his first biography, will eisner. Mar, 2017 home depot co founder ken langone predicts that donald trump could become one of our greatest presidents ever if he continues to go against the grain on nearly every aspect of governing. Home improvement howto books the home depot store finder. Ken langone, 82, investor, philanthropist and founder of home depot, has written an autobiography that actually conveys the excitement of businessof starting an enterprise that creates a job that creates a family, of the joy of the deal and the place of imagination in the making of a career. He first made a name for himself on wall street as billionaire ross perots banker and went on to cofound. Ken langone is a cofounder of home depot and the founder and chairman of invemed associates llc. May 22, 2018 home depot co founder ken langone, 82, was born into a family with a lot of love, but not a lot of money.
How home depot founder bernard marcus created an organization to give entrepreneurs specifically those who share his orthodox free market views a voice. This insightful book shows how many startups face challenges in the scale stage, but can overcome them by resurrecting the founders mentality. Bernie marcus, cofounder of home depot and the companys first ceo, suffered from bronchiectasis, a chronic lung condition that caused him to have difficulty, especially when public speaking. In depth view into home depot price to book value including historical data from 1981, charts, stats and industry comps. Ken langone started as a hardworking teenager who dug ditches and collected used cardboard. Soon, the home depot began offering diy clinics, customer workshops and oneonone sessions with customers.
The fivebedroom, eightbathroom stucco home sits on 3 acres. Langone covered a number of topics including leadership, his time at the home depot, how curiosity fuels. A walmart executive even admits in roushs book that home depot is the bestmanaged retail company in america, ours included. Langone recently wrote his first book, called i love capitalism.
Within the stories and anecdotes are some timeliness business principles such as. Home depot price to book ratio 20062020 hd macrotrends. Hd knows that people are sick of the growing inequality in the u. Marcus and blank implemented a customer bill of rights, which stated that customers should always expect the best assortment, quantity and price, as well as the help of a trained sales associate, when they visit a home depot store. Ken langone, home depot cofounder, on why capitalism works. Prior to becoming ceo, craig held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online in his more than 20 years with the company. His father, who only made it to the eighth grade, was. The book is written by chris roush, a selfdescribed firsttime author and a professor at university of north carolina at chapel hill. As a prominent businessman and active philanthropist, bernie is a soughtafter speaker. It was in 1978 when arthur blank and bernie marcus established the home depot hd in atlanta, georgia with the help of ken langone and pat farrah. Jun 01, 2018 the home depot didnt exactly get off to a flying start, langone writes in his new book, i love capitalism. Why home depots cofounder ken langone paid nyu med school.
It was in 1978 when arthur blank and bernie marcus established the home depot hd in atlanta. Home depot has 26 books on goodreads with 1929 ratings. Blank born september 27, 1942 is an american businessman and a co founder of the home depot. Capitalism is the best system for success, home depot co. The book is written by chris roush, a selfdescribed firsttime author and a professor at university of. In 1979 they cofounded the home improvement retailer the home depot, with the help of merchandising expert pat farrah and new york investment banker ken langone who assembled a group of investors. Home depot founder bernie marcus receives stem cell therapy. Why home depot cofounder kenneth langone is a frugal billionaire.
Get free 2day shipping on qualified electrical, books products or buy howto department products today with buy online pick up in store. May 26, 2011 story going around about home depot and lowes. Get free 2day shipping on qualified home improvement howto products or buy howto department products today with buy online pick up in store. Its hokey and ebullient name is i love capitalism which i think makes his stand clear. An american story during a fireside chat with dean raghu sundaram. Home depot cofounder fires back at trump haters in new. Lowes suffered in the 1980s due to market conditions and increasing competition from the new bigbox store chain, the home depot. In a very personal book, ken langone, financier, investor, philanthropist and cofounder of the home depot, describes his life. Home depot cofounder bernie marcus plans to give away most. When the founders of home depot bernie marcus, and arthur blankopened their first store in atlanta, georgia, in june of 1979, it was the largest home. Gregory the great born september 16, 1935 is an american billionaire businessman, investor, and philanthropist, best known for organizing financing for the founders of the home depot. The book project started, in a roundabout way, four. Jul 10, 2019 billionaire home depot cofounder and noted philanthropist bernie marcus forever a feisty fella even at the youthful age of 90 has no plans to run from his fresh batch of social media trolls.