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Rite Aid CEO Leads Return to Health

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Rite Aid CEO Leads Return to Health
AIRED:
John Standley, who helped turn around supermarket chain Pathmark, has brought back a retailer that was on the verge of bankruptcy - Rite Aid. The third largest U.S. drugstore chain had suffered from an accounting scandal and a big debt load from its purchase of Brooks and Eckherd in 2007. His prescription to turnaround Rite Aid produced another surprise result, Rite Aid reported its fourth straight profitable quarter.moreless
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