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1 Minn. J. Bus. Law & Entrep. 40 (2002)
Reflections on an Entrepreneurial Life

handle is hein.journals/minjbule1 and id is 42 raw text is: Kommerstad Center Speakers Forum Reflections on an Entrepreneurial Life BERNARD MARCUS Introduction of Mr. Marcus Professor Edward S. Adams-co-director of the Kommerstad Center for Business Law and Entrepreneurship: It is my great pleasure and honor to welcome Bernard Marcus, the co-founder of The Home Depot. His speech today is sponsored by the Kommerstad Center for Business Law and Entrepreneurship, made possible by a generous grant from Robert Kommerstad, a 1952 graduate of this taw school and president and CEO of Provident Investment Counsel in Pasadena, California. Unfortunately, Bob cannot be here today-we miss him and regret that he is it[ and unable to come. As a friend of Mr. Marcus, Bob wanted me to share some comments about Mr. Marcus's past that he thought might be enlightening. When Mr. Marcus was a young man in college, he worked at summer jobs in the hotels in the Catskills of upper New York. Among other things, he learned the art of hypnosis and performed this art on stage. We took forward to being hypnotized by him today, and I am delighted and grateful to introduce him here. Mr. Marcus is a man who took his dream of a start-up business to what it has become today-a company with over $100 billion in market capitalization, the 25th largest capitalized company on the New York stock exchange. Its stock is 100 times its price in 1984. There are more than 1,260 Home Depot stores with 280,000 employees and it's still growing. In fact, while layoffs are occurring at entities such as General Electric, Motorola, Proctor and Gamble, and many others, Home Depot wilt create another 40,000 new jobs for workers this year. Sales in 2001 are expected to exceed $50 billion. Bernard Marcus is one of the cofounders of The Home Depot, Inc., North America's largest home improvement retailer, which has revolutionized home improvement with the warehouse concept. Mr. Marcus has served as chairman of its board of directors since the company's inception and as chief executive officer until May 1997. Mr. Marcus was the inaugural speaker for the Kommerstad Center for Business Law and Entrepreneurship at the University of Minnesota Law School on October 9, 2001. Note: As a matter of editorial policy, consecutive citations to a source in an article have been etiminated. Readers may assume references are to immediately preceding cited source until the context indicates otherwise. ©2002 bv the Regents of the University of Minnesota

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