How rich is Bernard Marcus?
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He co-founded Home Depot and was the firm’s first CEO; he served as Chairman of the Board until retiring in 2002. Bernard Marcus was born to Jewish-Russian immigrant parents in Newark, New Jersey. While there he joined the Alpha Epsilon Pi fraternity. He was likewise a brother of Alpha Kappa Psi Business Fraternity. He worked at a cosmetics company and many other retail occupations, eventually reaching a place as a top executive with Handy Dan Improvement Centers, a Los Angeles-based chain of home improvement stores. In 1978, following a disagreement with his supervisor at Handy Dan, he and Home Depot co-founder Arthur Blank were both fired. In 1979 – together with assistance from NYC investment banker Ken Langone who gathered several investors – in addition to his business associate Arthur Blank, they established the highly successful home improvement retailer The Home Depot. The shop revolutionized the do-it-yourself company using its warehouse theory. Blank, Marcus, and Langone became billionaires. Marcus served as the organization ‘s first CEO for 19 years as well as served as chairman of the board until his retirement in 2002. Marcus has opposed the Employee Free Choice Act (EFCA). He’s also proposed that customers send contributions to groups and Senate Republicans also from the EFCA. He views the laws as hindrance to American capitalism, calling it “the death of a culture” and indicating that any retailer who will not fight it “needs to be shot; needs to be thrown from their goddamn occupations.” Marcus has additionally been an adversary of the Occupy Wall Street movement.