And some still think there is a recovery.. Look what this and the other previous CEO's have done along with this inept board. Who would even listen let alone care what this CEO says anymore. Yet some do. What a disgrace he is.
th High risk and Walgreens’ structural challenges make holding or buying shares inadvisable.
So the ones that have the stock, even after losing 80% or more, waiting and saying oh I will be getting a premium in the sale...the kool aid drinkers......keep the stock. There are so many places to make money. Yet you keep the walgreens stock. ... — read more
Layoff today, it appears
Suburban Chicago- good friends husband was laid off today after 11 yrs. There was no notice, and appears there may have been others. Just wondering if others are aware
It's too quiet these days
Feels like a major storm is coming and we’re all just waiting for it to drop. My stress levels are through the roof, especially since I’ve been striking out trying to find something else, not even necessarily better pay, just something, and failing... — read more
When will hear what is happening with Sycamore?
Is there a drop dead date for either the deal going forward with Sycamore, or WBA remains public?
Who would come work for this company?
How can this company recruit in good faith, knowing it's a sinking ship. No one should be considering working here, and any one staying other than long term employee who are close to retirement is a FOOL.
Walgreens has pushed these credit cards for a a few years now , what rip off what fools would do them
some are doing theme...... They sure value their customers don't they. And no th little they give you in earning rewards is not worth it at all. Impressive walgreens...... Mastercard is a registered trademark, and the circles design is a trademark... — read more
District Manager Layoffs
Layoffs happened today. Sounds like about one DM per Area, but not all were impacted as some had already realigned on their own after losing DMs. Atlanta. Based on seniority and evals. Anyone else's area? One suddenly gone in central Florida. — read more
Most Favored Nation Dr-g Pricing - May 2025
If a dr-g company charges less for a dr-g in another country, the United States must now also get that lower dr-g price also. "The United States has less than five percent of the world’s population and yet funds around three quarters of global... — read more
Walgreens Laid Off the Entire Save-a-Trip Department
Walgreens Laid Off the Entire Save-a-Trip Department
Well this is both interesting and crazy at the same time.
https://www.thetimes.com/business-money/companies/article/stefano-pessina-boots-money-private-equity-glstqnj0r So Mr. SP is going to FURTHER increase his stake n Walgreens to almost 50%. Apparently he's going to be a major player in Walgreens when... — read more
Keep paying millions and millions and millions and don't EVER admit to guilt.......
Bunch of fools, unethical and fraudulent fools. Paying money like nothing for unethical conduct yet saying you are not at fault. How stupid do you think people in the business world are. You pay millions in fines......yet just think what you made... — read more
Here we go again… Walgreens Agrees to Pay Up to $350M for Illegally Filling Unlawful Opi--d Prescriptions and for Submitting False Claims to the
Pretty sure this will lead to more layoffs.. https://www.justice.gov/opa/pr/walgreens-agrees-pay-350m-illegally-filling-unlawful-opi--d-prescriptions-and-submitting
These changes will ki-l Walgreens.
The sugar drinks are about to be excluded from SNAP. The cheap cr@p from China is going to be tariffed out of existence. Higher quality goods will need to be made in the US of A leading to better paying manufacturing jobs (Clinton eliminated... — read more
Sycamore deal uncertain?
Walgreens stock was down at $10.50 today. When Sycamore's offer is $11.45 cash, the stock trading a dollar below that value is strange. Is the deal not happening?
No Wag family
There is no longer any Walgreen Family member serving any position within Walgreens. Because of this, Stephi Boots slid his own cronies on to the Board to control the Board and company decisions. Prior to Boots there was a sense of pride and... — read more
Truth be told....
We live in a world where the pharmaceutical industry often prioritizes profit over genuine healing. It’s a truth that many of us overlook, but the reality is, the industry doesn't always aim to create cures—it creates customers. In a society that... — read more
The CEO of Walgreens admits anti-theft measures like putting toothpaste, baby food formula under lock and key are backfiring on sales
Isn't being in business to make sales. Then why keep doing this so called CEO. Your so called leadership and team is the worst. What a laughing stock to the business world and pretty sad for their employees.
Walgreens settles long-running kickback lawsuit for $5M
to settle allegations that it violated U.S. and Illinois false claims statutes by improperly billing Medicaid and Medicare. Keep it going...you crooks.
When will this Board be held accountable
Never has there been a board as negligent as this one. The fact Hsiao was ever allowed to work for Walgreens is hard enough to compute, let alone the damage they allowed Roz to cause with her complete lack of experience and leadership. The number of... — read more
Walgreens to pay $100M settlement: You may be entitled to a refund if you bought prescriptions
The settlement resolves a lawsuit that accused Walgreens of inflating its “usual and customary” dr-g prices for insured customers and not factoring in the prices from its now-discontinued Prescription Savings Club program, according to the lawsuit... — read more
So something is going on.
Mr. Executive Chairman SP is increasing his ownership stake in the company from 17% up to 30%. I wonder what his play is here? Per a news article it sounds like he plans to stay on at Walgreens post sale.
Overcoming Job Search Challenges: Reflecting on My Six-Month Journey
I have been searching for a job for over six months now without success. Despite having all the necessary qualifications and receiving high praise from former colleagues for my performance, I haven't received any interview calls. My resume was... — read more
Remember when?
The Four-Way Test, written by a friend of Charles R Walgreen Sr at Rotary International, was adapted for and adopted by Walgreens in 1955. Based on ethical business principles, these four questions were the foundation of the Walgreen Way: Is it... — read more
Who will be gone first? Tim? Tracey B?
I hope they all are but who will go/be axed first come closing of the deal?
"takeovers are usually never good for employees nor really for the retail brand either"
Sucharita Kodali, a retail industry analyst at Forrester, told Newsweek: "[Private equity] takeovers are usually never good for employees nor really for the retail brand either. It is usually great for any one that is competitive with the company. In... — read more
If Walgreen's was so attractive and worth buying ..............
Amazon would had paid $10 billion or more for the company. That amount is nothing to them. Instead the only ones that wanted walgreen's was a vulture company. Enough said.
What's it like Walgreens employee's to be a Salvage Project
Just curious..............
As infuriating as it all is…
It’s also all sooooo incredibly sad. What Charles R Walgreen worked DECADES to build, followed by his son & then grandson… just gone. To greed.
Walgreens’ Board of Directors being investigated…
FINALLY!!!! https://www.gurufocus.com/news/2731515/walgreens-boots-alliance-inc-wba-under-investigation-for-proposed-sale-to-sycamore-partners
“The net of this is it’s just deck chairs on the Titanic being moved around.”
The private equity business model often relies upon forcing the company to take on massive amounts of debt to give the greatest possible return to the private equity firm, with the long-term survival of the business often not a priority. The debt is... — read more
Sycamore employee
I'm currently a consultant for Sycamore working on this acquisition and I just have to say you all need to calm down. If you think we are coming into this with some "master plan" to shut the company down, you're crazy. There will definitely be cuts... — read more
"The Walgreens Billionaire Watching His Empire Come Apart"
The Wall Street Journal now has an article entitled "The Walgreens Billionaire Watching His Empire Come Apart." It really is amazing how the media is so out of touch (or actively runs cover). Pessina has WANTED to take the company private. It is... — read more
Details behind Sycamore deal in WBA SEC filings
WBA's SEC filing Schedule 13D/A on 3/7/25 explains the negotiation timeline and terms between Sycamore, Stefano Pessina, and the WBA Board. It details Sycamore approaching the Board back in September 23, 2024. On February 2, 2025 the board concluded... — read more
When will layoffs begin?
If anyone has concrete knowledge, please share. If not, please don't. Simple.
Babiak, Jarret, and Pessina
All frauds. All negligent. All need to go.......perhaps the worst Board members ever. Each needs to Resign and never ever be offered another Board role anywhere.
The Board was mindful that the turnaround strategy was ambitious?
Walgreens Board of Directors have been OF NO benefit to the company. They have done nothing to improve this company, but their decisions/non decisions have cost this company now where all it is is a SALVAGE project. THEY HAVE NO SHAME ....say it... — read more
THIS says it all... Walgreens Goes From $100 Billion Health Giant to Private-Equity Salvage Project
Nice headline...Nice job overpaid do nothing CEO and Board of whatevers. What is the employee morale going to be when it was already as low as it can get. What is the motivation.
Nice “town hall”
16 minutes only. Chat disabled. No “time” for Q&A in times of uncertainty. The only highlight was not seeing Tracey.