CVS Founder Had One Foot in Business, the Other in Counterculture

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Ralph Hoagland, co-founder of the CVS drugstore chain, who died last week, found business and politics didn’t mix.

In the 1960s, Ralph Hoagland was a hard-charging, Harvard-educated entrepreneur whose idealistic crusades for social justice disrupted a promising business career.

He teamed up with brothers Stanley and Sidney Goldstein of Rhode Island to start Consumer Value Stores, a chain of cut-price health and beauty-aids stores in New England. The first shop, in Lowell, Mass., opened in 1963. It evolved into today’s CVS Health Corp., a drugstore and insurance giant with a market value of about $96 billion.

 

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