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—

•

was that 1,200 Arbor employees
were also stockholders, and would
benefit greatly in the resulting
stock transaction.
The company went public in
1986 when the chain only con-
sisted of 52 stores and generated
$152 million in sales. In the first
10 years that Arbor stock was
sold, the per-share price increased
375 percent.
Even his competition respects
Applebaum. "Arbor and Eugene
Applebaum ran the best operation
out of anybody in the entire city.
His management was tops," said
retired pharmacist Louis Bloch of
Farmington Hills.
Bloch followed Applebaum
"At the same time as he was reaching even
through Wayne's pharmacy school
higher levels of success in the world of
and even worked for Arbor for a
business, he (Applebaum) undertook a
short time. And the parallels do
growing scope of philanthropic and com-
not end there. Like Applebaum,
munal responsibilities, all of which was
Bloch also sold out last year. He is
self i m posed. -
now retired from his drugstore,
Rabbi Irwin Groner
Bloch Save-Mor Drugs, on 21
talky about Eugene Applebaum
Mile and Garfield, in Macomb.
And sure enough, an Arbor is less
million for the school," said Donald
than a mile away, he said.
Ritzenhein,
Wayne State University's
At Arbor, "we hired a lot of Wayne
interim
vice
president for development
State University School of Pharmacy
and
alumni
affairs.
graduates as pharmacists and execu-
_
Applebaum's new mission is to raise---\
tives," said Applebaum. "It makes
the additional $11 million in private
sense not only as good citizens but as
donations for the new facility.
employers to use people who come
Designed by Albert Kahn Associates
out of it (the school). To
Inc.,
of Detroit, with the participation
continue that flow is a way to keep
of
Neumann/Smith
& Associates of
our children in the Midwest."
Southfield for interior work, the project
entails the renovation of the
Time to give back
Rehabilitation Institute of Michigan,
Thus, it also made good business
an eight-story brick building at Mack ,.."\
ense for Applebaum to donate $5 mil-
and John R, and the construction of an
li on last September to help fund Wayne
additional six-story educational tower.
S rate's College of Pharmacy & Allied
Because so many of the Detroit
H ealth Professions. The college includes
Jewish community's doctors and
1 6 degree programs offered by 10 acade-
lawyers of Applebaum's generation
m ic departments, including Anesthesia,
graduated from Wayne, Applebaum is
C linical Laboratory Science,
counting upon their support in the
O ccupational and Environmental Health
Preparing for Tomorrow campaign
S cience, Occupational Therapy, Physical
once the word gets out. To
T herapy, Physician Assistant Studies and
Applebaum's contemporaries, Wayne
Ra diation Therapy Technology.
played the role of CCNY or NYU to
M ortuary Science is a part of the school
Jewish professionals in New York.
al though it is taught in another building.
However, for Applebaum and CVS, it
When it opens in 2001, the new $64
is a chance to do something for the
illion College of Pharmacy & Allied
city because "we do business there and
H ealth Professions will serve as the
make money there," said Applebaum.
SO uthern gateway to the Detroit Medical
One potential source of donors that
C enter. It will replace the existing
Applebaum won't be overlooking is
S hapero building near Greektown.
the automotive industry. "A lot of
That building is named in honor of
their engineers have graduated from
N ate Shapero, who helped build the
Wayne," said Applebaum. The
fo rmer Cunningham Drug Store chain.
Bloomfield Hills resident is WSU's
"He (Applebaum) has certainly
1985 Outstanding Alumnus.
ju mp-started the $16 million obliga-
A capital growth campaign on the
ti on to match the state funding of $48
scale of Preparing for Tomorrow is a