this post was submitted on 15 Oct 2024
22 points (95.8% liked)

Business

544 readers
7 users here now

A place to share business news and insights.

Rules

  1. Follow lemmy.world rules
  2. Only post content related to business
  3. Do not use this community to promote your business

founded 2 years ago
MODERATORS
odrel
jordanlund
22
Walgreens will close 1,200 stores, hoping for a turnaround (www.npr.org)
submitted 3 months ago by jeffw to c/business
9 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] FlashMobOfOne 16 points 3 months ago (1 children)

Found this in another article, regarding their CEO Tim Wentworth's pay:

Mr. Wentworth will receive an initial base salary of $1.5 million and will be eligible for an annual bonus with a target payout of 200 percent of base salary under WBA's corporate bonus program, according to an Oct. 11 filing with the Securities and Exchange Commission. He will also be eligible for long-term incentives through the company's omnibus incentive plan on terms and conditions set by the compensation committee. Subject to board approval, WBA will also provide Mr. Wentworth with an initial equity incentive award with a grant date value equal to $12 million, which is expected to be comprised of 50 percent performance stock units and 50 percent restricted stock units, each vesting over three years.

Is it out of line to say this asshole is basically stealing thousands of people's livelihoods?

[โ€“] Death_Equity 6 points 3 months ago

No, that is a fair assessment of the situation.

Just wait for him to bring in a consulting firm, if they haven't already, and really fuck some people over.