Staples Founder Thomas Stemberg Dies Of Gastric Cancer At 66

Staples Inc. founder Thomas Stemberg has died after a two-year battle with gastric cancer, The Wall Street Journal reports. He was 66 years old. Stemberg launched the office supply store in 1986 in Boston. It went public in 1989 and Stemberg stepped down as chief executive in 2001. Stemberg went on to join Highland Capital Partners and was an early investor in Lululemon Athletica Inc. . He is survived by his third wife Katherine, six sons, three stepdaughters and three grandchildren.