Scraping the Costa Concordia:
Like Captain Francesco Schettino of this ship, Walgreens captain of strategy will be held to account for creating yet another disaster.
Relocating to Switzerland may be off the table at this time, yet the publicity & customer outrage it has caused shows yet again the lack of judgement in Walgreens Corporation C-suite.
Walgreens is now going into the 3rd year when this Merger was announced and forward projections on Earnings failed to meet projections that private investment equity was shown.
As wicked one noted Mr. Crawford leaving was not a planned departure, this was part of the organizational cuts that the back up planners had developed
Kermit just happened to understand what was coming and took a lifeboat.
Should the Merger complete 2 boards of Directors are unwarranted, so more life boats will be dropped.
Also expect more selling of asset's in Walgreens real estate holdings along with a major downsizing in this department.
Perhaps Hertz will even setup a leasing center in Walgreens stores.
I am in agreement with wickedones view on who will run this company moving forward, however I don't see the operational management structure in place staying the same or increasing.
Alliance boots has a accountable payment management structure as private equity effectively uses this tool to pay back debt and grow revenue.
Cuts are coming, this I have no doubt and will be enacted quickly on how Walgreens or should I say how Alliance Boots run's its operations.
It is to bad that Walgreens Co had allowed a group of huberius Managers to put this company into the Scrap yard..
Stay in touch wickedone.
