Sunday, October 26, 2014

Who Got Rich This Week: CEOs Of A Specialty Pharmacy Chain and A Networking Devices Company

Diplomacy
In 1975, shortly after graduating from Ferris State University in Michigan, Philip Hagerman joined his father Dale in running a small pharmacy in Flint, Mich. that his father had recently purchased. Nearly four decades later, with the leadership of the younger Hagerman as chairman and CEO, Diplomat Pharmacy completed its initial public offering as the largest specialty pharmacy chain in the U.S. with 2013 revenues in excess of $1.5 billion — a compound annual growth rate of 65% since 2005.
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