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Re: Robbay post# 335

Thursday, 11/01/2012 5:34:39 PM

Thursday, November 01, 2012 5:34:39 PM

Post# of 3161
robb,

That's your position, I respect it and I can't really disagree with you. I have said for some time that one of the key components in any decision I made to reinvest in WAG would require a change in executive leadership. There is IMHO a vacuum of accountability for both the acquisitions previously made and the lack of a reported business plan by Wasson & Company. We are not just talking $millions, but $billions in shareholder equity spent on adventures in home infusion, clinics, cyber-sites, retail drugstore acquisitions both small and large for which there is NO REPORTING or apparent accountability by the management that bought them.

The current lack of reporting does not bridge the gap between "Happy and Healthy" for investors. There is a day of reckoning coming, and at some point a Board of Directors either needs to ask the difficult questions or be replaced by one that has enough testosterone to adequately represent the interests of ahareholders.

The paucity of accountability for expenditures totalling into the $billions is wholly unacceptable and potentially a dereliction of duties by the Walgreens B-o-D by failing to demand an open and published accounting for the many, many expensive acquisitions made by WAG management over a sustained period of time. It is either explanation time, accounting time, change-in-BoD time, class action time or jail time. I see few other options.

GLTA,

Yank
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