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Walgreen Co. Message Board

  • bocasunandfun bocasunandfun Mar 6, 2006 4:42 PM Flag

    WAG Corporate Executives are whores

    For the past 5 years, this stock has done little to nothing. Nearly every WAG pharmacist will tell you that corporate is out for themselves, not the shareholder or the employees. Several pharmacists that I personally know own between 4 & 6 thousand shares and for the past 5 years the stock has done nothing and they all say that WAG is ruining their income as they are always opening up additional stores which kills their bonuses. Each time a new store opens a few miles from another store, they lose revenue in that store lowering the amount of revenue the store can do. Corporate keeps pissing away the money rather than letting the shareholders profit on their trust in the company. The pharmacists state that if there was a union, they all would be on strike until corporate decided to look out for their employees, not for themselves.
    I guess the bottom line is that WAG sucks and will continue to go down. Dollar for dollar, CVS has made a significant profit for its shareholders while WAG has screwed their employees.

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    • Its all about long term. It always has been.

    • No one could be that stupid, so you must be lying. Go away.

      • 1 Reply to immerlogic
      • By the way the Chicago market IS unionized and has been for years. Did I mention that the pharmcists went on "strike" last MAY BUT THEY ALL CAME BACK!!! And they bought that stock with a 10% discount and no broker fee. What about the periodic stock options the company hands out? Your pharmacist friends are lucky to be employed by this great company.

    • Gee, it sounds like the board is full of new aliases for old characters today. This latest rant sounds an awful lot like our old buddy Negfeedback.

      >> Nearly every WAG pharmacist will tell you that corporate is out for themselves, not the shareholder or the employees. <<

      Do you know how many WAG pharmacists there are? Neither do I, but with 5156 stores it's in the 10's of thousands. And you've talked to all of them to know what they think about their executives? If you use the ones that post here regularly as a sample, I'd say that nearly all of them support their executives.

      >> Several pharmacists that I personally know own between 4 & 6 thousand shares and for the past 5 years the stock has done nothing and they all say that WAG is ruining their income as they are always opening up additional stores which kills their bonuses. <<

      And how do you suppose they got those shares? Either through stock options or employee stock purchase plans both of which allow them to buy the stock at a discount. I doubt very seriously that they're losing money on the deal.

      >> Each time a new store opens a few miles from another store, they lose revenue in that store lowering the amount of revenue the store can do. <<

      That may be true but it's only a temporary thing. Otherwise, how do you account for the fact that even as the company keeps expanding the number of stores, sales per store keeps increasing. In fact, retail experts will tell you that, if anything, an expansion strategy where you cluster stores like that actually increases overall demand so that everyone gets a slightly smaller piece of a much bigger market.

      >> The pharmacists state that if there was a union, they all would be on strike until corporate decided to look out for their employees, not for themselves.<<

      Yeah, just like the Chicago pharmacists did last year. That worked out real well for them as I recall. How many of them have you talked to?

      • 3 Replies to extrainer
      • As soon as I see some person say "I know several pharmacists etc etc " I begin to question the data to follow. I am 86 years old and I`ve had the opportunity to see and meet a lot of people. Have I grown up in a closet or something? Idon`t know any Wags Pharmacist even though Wags was the source of our family`s prescriptions in the late 20`s, 30`s, 40`s, 50`s and so on. By chance, I happen to know one pharmacist at Osco. Even with him , I don`t have a level of social contact where we would discuss his wages or working conditions. Again I repeat: Have I grown up in a closet?
        I am sure that many of you who are honest and forthright posters know what I`m driving at.

      • ""This latest rant sounds an awful lot like our old buddy Negfeedback.""

        Not in the least,,I have no reason to insult the whores.

 

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