4 ms·

Walgreens really blew it on this one. The executives responsible for Theranos deal all got canned years ago for unrelated reasons. NYT had an overview of Walgr

by dma_dma 10y ago

Walgreens really blew it on this one. The executives responsible for Theranos deal all got canned years ago for unrelated reasons. NYT had an overview of Walgreen's struggle. http://www.nytimes.com/2016/04/22/business/a-once-avid-ally-walgreens-is-struggling-to-shake-off-theranos.html http://www.nytimes.com/2016/04/22/business/a-once-avid-ally-... "The Wall Street Journal reported that Walgreens was so eager to cement the relationship that it lent Theranos money, acquired warrants to buy Theranos stock and skipped its usual due diligence when evaluating a pharmacy partner." "The Walgreens executives responsible for the Theranos deal, including Mr. Wasson, as well as the chief financial officer and the president of the company’s pharmacy unit, have all been replaced, forced out in 2014 by activist investors after Walgreens acquired the European drugstore chain Alliance Boots."

gohrt 10y ago
Walgreens has long been a creepy organization. Their checkout clerks were paid on commission to hawk upsells like vitamins.
- ZanyProgrammer 10y ago
  A lot of retail forces cashiers to upsell shit, like when I was a cashier at Whole Foods and we had to ask customers to donate to the Whole Planet Foundation.
  - smokey_the_bear 10y ago
    How often does someone actually donate?
    - ZanyProgrammer 10y ago
      You'd be surprised. Esp in Palo Alto.
      - SocksCanClose 10y ago
        They should just give to that guy who stands outside in the white suit, collecting money for that drug rehab center, all year round.
- mevile 10y ago
  They stopped selling tobacco though.
  - vox_mollis 10y ago
    That was CVS.
  - shalmanese 10y ago
    That was CVS.
  - raould42 10y ago
    That was CVS.
osullivj 10y ago
Walgreen ownership has been bad for Boots and bad for the NHS: http://www.theguardian.com/news/2016/apr/13/how-boots-went-rogue http://www.theguardian.com/news/2016/apr/13/how-boots-went-r...
deleted 10y ago
[deleted]

by dma_dma 10y ago

gohrt 10y ago

Walgreens has long been a creepy organization. Their checkout clerks were paid on commission to hawk upsells like vitamins.

ZanyProgrammer 10y ago
A lot of retail forces cashiers to upsell shit, like when I was a cashier at Whole Foods and we had to ask customers to donate to the Whole Planet Foundation.
- smokey_the_bear 10y ago
  How often does someone actually donate?
  - ZanyProgrammer 10y ago
    You'd be surprised. Esp in Palo Alto.
    - SocksCanClose 10y ago
      They should just give to that guy who stands outside in the white suit, collecting money for that drug rehab center, all year round.
mevile 10y ago
They stopped selling tobacco though.
- vox_mollis 10y ago
  That was CVS.
- shalmanese 10y ago
  That was CVS.
- raould42 10y ago
  That was CVS.

osullivj 10y ago

Walgreen ownership has been bad for Boots and bad for the NHS: http://www.theguardian.com/news/2016/apr/13/how-boots-went-rogue http://www.theguardian.com/news/2016/apr/13/how-boots-went-r...

deleted 10y ago

[deleted]