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I make a difference here Did I raise a good family Did I contribute to the community Did I contribute to the country Did I contribute to the church Did I make just a little difference I think everyone would go to their maker happy if they made just a little difference When you can look back and say, Hey, I was part of that team that rolled out one-hour photo in one year, at Walgreens, the number-one one-hour photo retailer in the world! In a year! I was part of that! That lifts people up, and I think it keeps their heads up!40 Jorndt s enthusiasm was contagious and moved mountains In 1990, Walgreens filled 100 million prescriptions, the ninth straight year of 20 percent jumps, and maintained double-digit leaps throughout the decade And, just two years after Jorndt stunned his audience by announcing Walgreens would have 3,000 stores open by the year 2000, everyone got on board [and] we blew past it with a hundred stores to spare The new expansion, however, depended largely on entering new markets and setting up the nationwide distribution systems and infrastructure needed to make them work In fact, Walgreens discovered that the more densely its stores covered a new city or an older established market, the cheaper it would be for them to operate them all thus increasing profit per customer Diving into new markets, head first not backing off proved to be the key to making the incredible expansion work It was during the Cork Era that Walgreens truly had become a nationwide chain for the first time Then, Jorndt said, fully pumped up, we said we d have 6,000 stores by 2010, and there was just a little gasp You ll see! 41
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sales when he took over to $13 billion when he retired I just sort of got in there and started working, he said modestly42 When asked how he felt about passing the torch, he replied not with some sentiment about the emotions involved, but with his characteristic unsentimental perspective Well, I sure hope the company keeps doing well, he said, because 99 percent of what I own is Walgreen stock I m not very diversified, I can tell you that! 43 In 1998, Jorndt replaced Cork as CEO, too Jorndt decided to retire as CEO in early 2002 and as chairman in 2003, leaving the company in the best shape of its long history David Bernauer became president in 1999 and CEO in 2002 When Jorndt looked back on his run, just months before he left the company, he couldn t remember any particular low-lights, just occasional frustrations I was so mad one time I kicked this fire plug, and I almost broke my foot There s always aggravation If you re never aggravated, the chances are you really don t have your head up and you re not trying very hard You re going to have disappointments You don t hit every ball out of the park You strike out some of the time But it s like going to the dentist: All you remember is the nice smile, you don t remember the pain If you re in retail, a lot of nights you go home and bang your head A lot of things can go wrong and they do But after 39 years, all I remember is the nice smiles The high points for me, really, have just been the people I ve worked with They re in my heart and in my head It s irreplaceable what that has meant to me, these Walgreen people44 Though such a successful CEO at another company would probably hang on or wait for a golden parachute, Jorndt made it a point to leave quietly, while still on top a move he firmly believes is in the best interest of the company
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