Comments on Drug Channels: What Happened at Walgreens?

I wish kevin would call me he was my boss for many...

2011-08-19T15:27:17.291-04:00

I wish kevin would call me he was my boss for many years in this economy I wish he was on my side in his new endevors

To sell? Are you kidding me? Don't you think i...

2009-09-29T23:20:18.825-04:00

To sell? Are you kidding me? Don't you think it has more to do with the fact that they had an IDEA that Obama/Dems were going to come to power and the chance for a nationalized healthcare option was in the works, so just maybe they're hedging their bets and becoming ruthlessly efficient? Power was in the works for over 4yrs now and I doubt it has anything to do with selling the company! If anything its trying to cut costs by any means necessary, something that seems like quite the win/win strategy as of right now....

I'm a 20 year employee. We have been visited a...

2009-08-27T18:11:31.818-04:00

I'm a 20 year employee. We have been visited at the store, distribution center and corp office levels by an outside company to check our "efficency levels". Also a new payrate/scale model has been developed for all employees. We also have changed out all telcom equipment and have opened central fill facilites that now fill most meds. They have elimated 200+ RX tech positions throughout Fl. alone. I think WAG is setting things up in order to sell. Anyone know?

Now ask why Kevin Walgreen left.

Walgreens ...

2009-02-13T08:43:00.000-05:00

Now ask why Kevin Walgreen left.

Walgreens "rewiring" is based on a bunch of outside consultants being thrown money to stamp Walgreens with the same "solution" they provide to any company that wants a canned answer: cut payroll.

Does Walgreens need to trim the redundancies and needless positions at corporate? Of course. But the people they are "rewiring" are not the unecessary ones. Those directors who have overfluffed their departments and surrounded themselves with yes-men are still going to be around, and will still be driving Walgreens downward in quality and in leadership.

The Walgreens born from Mr. Walgreen's vision and Dan Jorndt's leadership was fantastic. May it rest in peace.

Walgreens rewiring is almost like the "change we n...

2009-01-22T20:29:00.000-05:00

Walgreens rewiring is almost like the "change we need" kind of concept. We are living in a very complicated economy. Economics formula that were used years ago will have a different factors of integration.
I personally don't see any magical outcome to the bottom line for CVS because of the Longs Drugs acquisition. Acquisition in 90's were much smarter than 00's.

Long term, WAG stock always a smart quote.

To the person who said that WAG stock is at a 10 y...

2008-10-27T21:20:00.000-04:00

To the person who said that WAG stock is at a 10 year low...must have not been watching the way the stock market is going.

Almost fell out of my chair at “Dude, WTF?” Actua...

2008-10-21T08:55:00.000-04:00

Almost fell out of my chair at “Dude, WTF?” Actually laughed out loud.

Now THAT is using some high-powered consulting buzzwords. Hilarious! You are one cool dude, dude.

It seems obvious that the break was not harmonious...

2008-10-20T09:07:00.000-04:00

It seems obvious that the break was not harmonious and it has to be relalted to the reasons expressed in the blog. Shame since I always thought they were well run and "one of the good guys".

Sorry, Rays in 6. Previous comment must have missed the game last night. Sorry Red Hose fans.

-A

I agree with the walgreens IR guy, although I bet ...

2008-10-20T08:37:00.000-04:00

I agree with the walgreens IR guy, although I bet that the diversification bets will pay off over time. Walgreens is insulating itself from the ongoing decline in pharmacy margins. Anyone else notice their stock is at a 10 year low?

Phillies vs. Red Sox. Sox in 6