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Валгрин Ко. Message Board

  • robbsbeach robbsbeach Aug 4, 2014 5:30 PM Flag

    Wade Miquelon given the Boot

    Mr. Miquelon Is not longer the CFO of Walgreens, he also lost his Directors position in the risk and audit committee at Alliance Boots.
    This is the 2nd member of Walgreens Co that no longer serves on Alliance boot Board of Directors.
    Robert Zimmerman of Walgreens and Board member of Alliance boots retired in March 2014, leaving Walgreens CEO and 1 other member of Walgreens Co. still on Alliance Boots board.

    In Walgreens rush to announce Wades departure and a new CFO appointment, they overlooked the two positions Wade had formally held, President International of Walgreens and Member of Alliance Boots board of Directors.
    But details are not important in Walgreens announcements.


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    • Maybe they didn't cover that ground in their announcement because it is irrelevant. In less than a year Walgreens and Alliance Boots will be one company.

      • 1 Reply to henleywm
      • So In your investment understanding a member of a Corporation governance to investors is irrelevant..
        Wade was a member of the audit and risk committee at Alliance Boots, this seat was formally held be Mr..Pessina, So you are saying Miquelon was unimportant to the financials projections of Walgreens and Alliance Boots going into the full merger.. lol

        There-fore In your understanding of mergers.. pulling down merger projections is unimportant, also financiers use of these statement in providing funding does not matter either..
        A CFO leaving During a merger is a unknown event in Finance, as funding is relying on and committed to financial statements of both Corporations..
        So you have a better understanding of these 2 companies than the Former CFO of Walgreens... I don't think so.