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Username Post: Bucknellian sells his e-commerce start-up to Wal-Mart for $3.3 Billion        (Topic#19205)
Bison137 
Professor
Posts: 16147
Bison137
Reg: 01-23-06
08-12-16 11:13 AM - Post#209497    

Marc Lore '93 just sold his Jet.com site to Wal-Mart for about $3.3 Billion. He will stay on as CEO and also take over as the head of Walmart.com. He stands to make about $1 Billion out of the deal. He sold his earlier start-up company to Amazon for $550 Million a couple of years ago.

The CEO retail can't resist

Why Wal-Mart couldn't let Jet.com's founder get away again


Lore is one of a long line of successful Bucknell entrepreneurs.




 
Bison137 
Professor
Posts: 16147
Bison137
Reg: 01-23-06
01-15-21 05:39 PM - Post#319349    
    In response to Bison137

Walmart’s e-commerce chief, Marc Lore, is leaving to build “a city of the future”

Walmart’s e-commerce chief Marc Lore to leave after jump-starting retailer’s digital business




 
Paulie777 
PhD Student
Posts: 1767

Reg: 11-11-07
Bucknellian sells his e-commerce start-up to Wal-Mart for $3.3 Billion
01-16-21 12:23 AM - Post#319355    
    In response to Bison137

The Bucknell Hall of Lore? When he is ready to become a generous benefactor of Bucknell, the Building could be renamed in his honor. It is home to the Stadler Center of Poetry and also a recital hall, so the name would fit. I don't know what his major was though. Probably economics. I'm still saving for my building, its going to be a while.

Edited by Paulie777 on 01-16-21 12:32 AM. Reason for edit: No reason given.

 
Bison137 
Professor
Posts: 16147
Bison137
Reg: 01-23-06
01-16-21 01:23 AM - Post#319356    
    In response to Paulie777

The new $50 Million building currently being constructed for the Freeman College of Management is being funded by an anonymous donor who pledged $26 Million. That 80,000 square foot building is scheduled to be completed by the end of spring. At that time, the donor will reportedly be named and the building named after that person. One might speculate that Lore is involved.

https://www.dailyitem.com/news/local_news/new-a cad...

The College of Management has done very well in several rankings of business schools during the past couple of years.




 
MrPhillie 
Postdoc
Posts: 2757
MrPhillie
Loc: NE PA
Reg: 07-14-08
01-16-21 12:49 PM - Post#319364    
    In response to Bison137

My wife graduated top of her class from that program 30 years ago...I’m waiting for the first million!

 
Bison137 
Professor
Posts: 16147
Bison137
Reg: 01-23-06
01-16-21 01:24 PM - Post#319367    
    In response to MrPhillie

  • MrPhillie Said:
My wife graduated top of her class from that program 30 years ago...I’m waiting for the first million!




Maybe she's hiding it in a secret Swiss bank account.




 
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