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Walgreen Co. Message Board

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  • Walgreens is seeing revenue reductions for customers who are covered by drug insurance and the tapering of the Generic cliff profits, now the hedge funds offered help to increase Walgreens ROI, one suggestion at the Paris meeting was selling a E-zee pass cards to use Walgreens Drive thru's, the Drive thru also could be fitted for cash acceptance to use
    The alternative suggestion discussed was to move its Corporate operational staff to Switzerland on a cow farm that will provide supplemental revenue with a higher profit margin.
    A impasse occurred during this meeting, over who gets to milk the cows, the" strategy and structure" with executive titles with compensation for this synergistic addition to earnings.
    .

    Stay tuned..

  • While publicly, Greg Wassom seems to be playing down the likelihood of moving the company to Europe (Switzerland), he may know differently. I think most WAG execs would not like to see this, but the most influential of all of them may like the idea. Stefan Pessino of Boots is by far the largest WAG stockholder since WAG purchased 45% of his company. Last I knew he owned 72 million shares. Greg Wassom owns less than 0.5 million shares. The largest institutional holder, Vanguard, owns about 50 million shares. You think Pessino has any influence at the board meetings? Pessino is European (Italian) and has headquartered his company in Switzerland. How many shares will he own when Walgreens buys the other 55% of Boots in 2015? Since he did not headquarter his company in his homeland of Italy, how much sympathy will he have for those wanting to keep Walgreens headquartered in it's homeland? Not much, unless it makes business sense (not likely IMO). If Pessino comes down on the side of Goldman and the hedge funds in favor of moving the company, he could have tremendous clout. I'm not saying it's a done deal. I see it as 70% chance they will take this controversial action in the next 5 years.

  • Reply to

    Leaving the US for tax reasons

    by unkel_sammy Apr 14, 2014 9:35 PM

    They along with many others don't want to pay taxes to cover the African Care Act.

  • Reply to

    Walgreens flips the bird to USA

    by robbsbeach Apr 14, 2014 2:18 PM

    Widespread medicaid is bad for business. Why pay taxes to support african HC?

  • Reply to

    WAG moving to CH??

    by hrdwkgdog Apr 14, 2014 11:47 AM

    If Walgreens did a tax inversion you can bet on it that you won't see the savings passed along to customers.

  • Reply to

    Walgreens flips the bird to USA

    by robbsbeach Apr 14, 2014 2:18 PM

    Yes the companies that practice this strategy are Giving the Same People that made their companies successfull the Bird. They are actually givuing America the Double Bird due to the simple fact (RiG as an Example ) don`t actually move anything to another country. Yhey move their address only. In Switzerland, if you were to go visit RIGs Headquarters you`d find a couple people answering the phone.
    .

  • After growing their company for decades right here in the USA and now a five percent group is leaning on the rest of the board to abandon the US in favor of a lower tax rate. Of course GS is leading the charge. One question, how does Five Percent pressure Ninety Five Percent? Either way my family has been looking for one final reason to no longer buy anything a WAG, they just provided it.

  • Reply to

    Leaving the US for tax reasons

    by unkel_sammy Apr 14, 2014 9:35 PM

    Wow you truely are a blessed idiot. So let's just up root an hundred plus year old company to europe and relocate entire families so a bunch of greedy white folks like Goldman Sacks can get rich quicker. Let's see them move their offices to Europe instead of NYC. So please why don't we all go knock on Greg Wassens door and tell him to move the company because we are tired of paying our taxes to the black people. Good god you moron.

  • guess they didn't vet the geology of the location before spending big bucks on development. Hope WAG is just the operator here and the lessor/landlord takes the big property damage hit

  • ....hazard. butte behind store is ready to slide down. this will be one big writeoff.
    "The Jackson Town Council has shuffled the agenda for today’s 3 p.m. workshop to consider the landslide above Walgreens on East Gros Ventre Butte.

    An update on the landslide and the town’s response will be the first item discussed. The meeting will take place in Town Hall and be streamed live on the Internet.

    Town manager Bob McLaurin plans to ask the council to authorize emergency spending up to $750,000. That figure has swelled from the $50,000 the council initially authorized Thursday.

    There will be a press conference at 11 a.m., also streamed online, for authorities to explain the Budge Drive closure. It is expected that Budge Drive will be closed for the foreseeable future, and residents may access the low-risk area on foot after receiving permission from private property owners.

    New cracks formed in the hillside above Walgreens and Budge Drive over the weekend, and existing cracks continue to widen or deepen. Pavement continues to buckle in the closed store’s parking lot".

  • Reply to

    WAG moving to CH??

    by hrdwkgdog Apr 14, 2014 11:47 AM

    Do you want Roads, police, a Strong Military Etc. You GOTTA PAY FOR IT. IF WAGS leaves the USA, I will never set foot in a WAGS AGAIN! and I will not be alone.

  • Reply to

    WAG moving to CH??

    by hrdwkgdog Apr 14, 2014 11:47 AM

    how do you define fair share? 35% 50% ?
    you realize a tax is a cost of doing business, which gets passed on to the customer

  • Reply to

    WAG moving to CH??

    by hrdwkgdog Apr 14, 2014 11:47 AM

    He'll likely force the tax loopholes to a close citing WAG as an example of tax evasion. Everyone has to pay their fair share.

  • Reply to

    Leaving the US for tax reasons

    by unkel_sammy Apr 14, 2014 9:35 PM

    Totally agree.

    And are paying even more to monopolies who own the US Govt making our vote literally worthless compromising our Democracy in that model.

    Europe has a much higher tax rate than the USA - so Walgreens minority shareholders have more say than all the shareholders & want to move into a tax cheat European country that subsidized big evil money & sticks it to the citizens there. When big companies get fined - they should not pay a cash fine & instead should pay community service like Italian Burlesconi who was sentenced to 1 yr. community service in lieu of a cash fine which is meaningless.

    Agree Walgreens should act in the interest of shareholders and will lose all credibility by getting too good of a deal at the expense of civilized society who shop at Walgreens. Afraid WAG will shoot themselves in the foot here with this move.

  • Many will, like many millionaires leave States for tax reasons.
    Let's face it...........companies and individuals are paying so our black citizens live free without ever working or paying a single dime in tax. Cash, food, housing , tuition and HC. It is crazy, and no one owes them anything.
    Blacks like Obama never even had history here and yet received AA-EEO benefits and money.
    Pay for color has to end!

  • The prospect of this inversion is ridiculous for Walgreens/Boots to consider. The people at Goldman know that but they are here just for the transaction revenue it can create while this is going on. Think about this. Walgreens is a 100% Consumer Based Company....That is a completely different scenario than GE, Caterpillar or some other large conglomerate taking operations or manufacturing oversees. Walgreens is a name and a place where almost all Americans have done some business...How many GE or Caterpillar stores have you been in lately?.....The consumer is very brand loyal and still very American. CVS will have a heyday if they can advertise that they are an American Company paying and supporting the US Tax system unlike their competitor, Walgreens. To me this looks more like a power struggle with Boots trying to gain an upper hand in the management of the company. Walgreens has lost two PR battles in the past 4 yrs...They lost the battle with Express Scripts and CVS came out on top in sentiment with their move to stop selling tobacco products. The financial saving in tax that this move would save would be lost in quick order. Walgreens revenue in the US would drop quickly and stores would have to be closed......maybe that is really what Goldman and the folks at Boots would like to see happen....Interesting one to follow here

  • At a private meeting in Paris on Friday, with Goldman Sachs Investment Partners and hedge funds Jana Partners, Corvex and Och-Ziff, all US based corporations with one exception, conveniently choose Paris for a special meeting to discuss financial issues unreleased to the majority of stockholders.
    As with any business meeting there are a list of subjects an outline of topics to be discussed, Reporters where not invited or the majority of stockholders and any information exchanged outside of recent public disclosers are a violation of SEC rule FD.
    A FT reporter said the meetings were “constructive”, according to two people with knowledge of the meeting.

    This statement by 2 people goes beyond the information release to other investors, as defined by the word constructive ,"develop or improve something" and require full disclosure of this meetings agenda.
    As a member of the Investing public the SEC need to start doing its job in protecting the Public from Wealthy investment funds who have private access to the detriment of the small public investor..
    And Walgreens CEO, CFO need to be held accountable as to what occurred in this meeting, and answers the question.. do they have a problem with laws, rules and regulations in Running a public Corporation.

    GLTA!!!

  • You are very naïve.

WAG
66.75+0.59(+0.89%)Apr 17 4:01 PMEDT

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