Walgreens Boots Alliance Inc (WBA)

[big-yank]

robb, according to Bloomberg News, Magnacca received upwards of $3.2 M compensation at Walgreens, not exactly chump change, and only around $700K was in deferred share options. He clearly was part of Team W (for Wasson, not Walgreens) and, at surface value, had a "sure thing" since most all his background was in retail pharmacy at Loblaw/Shoppers Drug Mart in Canada, prior to joining Duane Reade.

His leaving for a red blanket like Radio Shack, signing bonus notwithstanding, seems to make little sense for him, even considering the ego-lure of becoming CEO in his new role at the top. The only thing at The Shack consistent with his background is the franchise structure which is similar (though it's called something else in Canada) to Shoppers Drug Mart. Quite an overall career stretch, IMHO.

I suspect that there is more to this story. I also suspect that ordinary folks like us will never hear the details, so we will just have to read the tealeaves in Mr. Market's cup and guess what it all means. Very interesting, though!

GLTA,

Yank