Bernie Marcus, co-founder of The Home Depot, aggregate his success adventure with several acceptance and adults at Palm Beach Synagogue on Feb. 4 during a Solomon Leadership Program presentation about persistence.
Growing up with poor immigrant parents in a Newark, N.J., tenement, Bernie Marcus, the man who co-founded The Home Depot, dreamed of actuality a doctor.
When the time came for him to blow that dream, he was denied. Marcus told attendees at aftermost week‘s Solomon Leadership Program in Palm Beach that he was banned access to medical academy because he’s Jewish and there was a absolute on the cardinal of Jews actuality accepted.
Still absent to do article in the medical field, Marcus said he autonomous to become a pharmacist, but as he grew to adulation the retail ancillary of the biologic industry, he able he was aghast with his career choice.
“If you’re black and you deathwatch up and you’re not aflame about life, again you’re in the amiss place,” Marcus said. “At the end of the day, if you don’t feel like you able something, like you did something, you’re accomplishing the amiss thing.”
Marcus, 90, aggregate his adventure with several acceptance and adults at Palm Beach Synagogue in a presentation about persistence.
Marcus again formed for several retailers until he eventually became the arch controlling administrator of Handy Dan Home Improvement, a home advance retail alternation based in California. He was accursed from that job — a aboriginal for him and big letdown.
He alleged Ken Langone, an broker in Handy Dan, to allotment the bad news.
Marcus said Langone encouraged him to accessible the “store he consistently talked about.” Langone helped him accession money and The Home Depot was founded in 1979. The aggregation began with four food and now has over 2,200 about the country.
“The American Dream is absolutely what happened to me,” said Marcus, who was CEO of Home Depot until his retirement in 2002.
“Before The Home Depot, everybody shopped at the acrylic store, accouterments store, electrical store,” Marcus said. “We put it beneath one roof and got rid of the average man.”
Marcus said he rebounded from accepting his adolescence dream ashamed and actuality fired.
“That‘s persistence,” he said.
“That’s assertive in yourself, dupe your gut and alive what you can do, whether you’re acceptable or not good.”
Marcus told his admirers that to be acknowledged and persistent, one charge set goals, adulation what they do, acquaint well, affected disappointments and be generous.
He additionally told acceptance that the adventure to success would not be an accessible one, “everything I’ve anytime done has been an obstacle.”
During the Q&A articulation of the presentation, acceptance asked Marcus about how he assertive bodies to abutment The Home Depot. He said his advice abilities and adeptness to pay absorption to capacity is what helped him.
He went on to say abounding adolescent bodies don’t acquire these abilities because they are so bent up with technology.
“No bulk of argument letters or emails would work. It meant spending one-on-one, attractive into someone’s eyes and affairs what you’re selling,” Marcus said.
Throughout the presentation, he fatigued that success does not according wealth, but what one does with it. Marcus said he and his wife, Billi, were amid the aboriginal bodies to assurance The Giving Pledge, which encourages affluent individuals to accord the majority of their abundance to altruistic causes. Marcus has committed to altruistic 90 percent of his wealth.
He started The Marcus Foundation in 2009, which focuses on Jewish causes, medical research, children, chargeless action and the community. To him, this is one of his greatest achievements.
“That’s what you do with your money back you’re acknowledged and you appetite to do article acceptable for the world,” Marcus said.
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