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Marketplace

Monday, June 25, 2007

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Running Rite Aid

Mary Sammons

Rite Aid's Mary Sammons has faced her share of challenges since joining the company. In Part 2 of our interview, Kai Ryssdal spoke to the CEO about the early days.

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Mary Sammons

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Executive Snapshot

Who: Mary Sammons, president, chairman, and chief executive officer of Rite Aid Corporation.

Education: Earned a bachelor's degree in French from Marylhurst College in Oregon.

What you may not know: She had a brief career as a teacher before she joined Portland-based retailer Fred Meyer.

Personal: Sammons lives with her husband Nickolas in Pennsylvania near Camp Hill. They have one son.

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Marketplace Confessional

"We tend to forget that debt is another form of slavery. So, they are selling our debt to others? Hmmm, what happens if we can't pay? Hmmm, our credibility starts to wane. Why the heck, if we are to be seen as leaders in this vast world, would another country listen to us? Get ready people -- the beastly game is in full effect. Remember how back in the day, the mob would extend debt to those who couldn't get it? Remember? What happens if that person couldn't pay up? Good luck, Fannie and Freddie! . . . "

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BLOG: The Greenwash Brigade

Environmental professionals scrutinize eco-friendly claims by businesses, governments and groups. Check out their reports.

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No region outside the U.S. affects our pocketbooks, politics and portfolios more. See our special coverage from Cairo and Dubai.

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