https://www.cnbc.com/amp/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no-longer-their-main-objective.html
4 replies (most recent on top)
It's all just window dressing if you ask me. No way, larry merlo no longer cares about shareholder value. On the heels of the Aetna merger LM wants to show to wall street that the combined company is a good value for investors. Plus cvs current stock price is HALF of what it once was. Another reason to want to show investors that cvs is a good value. So IF Larry Merlo did indeed sign the document then it's just a symbolic gesture in my eyes. CVs is still all about wall street and they always will be.
Larry Merlo signed it. Things are changing and Wall Street is trying to stay ahead of the pitchforks coming after them.
That’s because those at the top own a ton of stock themselves!
CVS definitely missed the memo on this one, as shareholder value is THE most important issue for corporate right now. (and all they care about anyway)